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    McDonald Road & Belmont Park Dr Theodore, AL 36582

    Source: https://www.saltercompany.com
    For Sale
    $2,664,000

    148 acres, ideal for development. Excellent location & road frontage.

    Property size:
    6,446,880 SF

    Description

    Added:
    Feb 21, 2025
    Days on Market:
    298
    This exceptional 148-acre parcel of raw land presents a unique investment opportunity near Interstate 10 in Theodore, Alabama. Located in Mobile County, with a 36582 zip code, this expansive property boasts significant road frontage: approximately 690 feet along McDonald Road and over 0.7 miles along Belmont Park Drive, providing excellent accessibility. The land is currently unzoned by the county, offering flexibility for a variety of development projects. While mostly flat and level, the property does include some wetland areas. This large tract is priced competitively at $18,000 per acre, totaling $2,664,000. Its size and location make it suitable for a residential subdivision or commercial development, presenting substantial potential for future growth and return on investment. Serious inquiries are encouraged to explore the possibilities of this remarkable property.

    Property Features for McDonald Road & Belmont Park Dr

    General Information

    Property type
    Other land
    Square Feet
    6,446,880 SF
    Price / Square Foot
    $0.41
    Elevators
    N/A
    Lot Size
    6,446,880 SF

    HighLights

    • 148 acres of raw land near I‑10 in Theodore, Alabama.
    • Extensive road frontage on McDonald Road and Belmont Park Drive.
    • Priced at $18,000 per acre, ideal for residential or commercial development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Theodore
    State
    Alabama

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    FAQs

    What type of property is this?
    Land - 148 acres, ideal for development. Excellent location & road frontage.
    Where is this land located?
    The property is located at McDonald Road & Belmont Park Dr Theodore, AL.
    What is the asking price?
    The asking price for this property is $2,664,000.
    What are key features of this property?
    This property features: 148 acres of raw land near I-10 in Theodore, Alabama.; Extensive road frontage on McDonald Road and Belmont Park Drive.; Priced at $18,000 per acre, ideal for residential or commercial development.
    (251) 438-4312
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    McDonald Road & Belmont Park Dr Theodore, AL 36582
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