Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1307 Spring Hill Ave Mobile, AL 36604

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $160,000

    Development lot on Springhill Ave in Midtown Mobile.

    Property size:
    35,000 SF
    Lot size:
    1.33 Acres

    Property Features for 1307 Spring Hill Ave

    General Information

    Size
    35,000 SF
    Lot size
    1.33 Acres

    We can help!

    Listing Contact
    Lewis H. Golden
    Source: Moodyscre

    Listing Agent: Lewis H. Golden

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Midtown Mobile Development Lot

    This development lot is located on Springhill Ave in Midtown Mobile, adjacent to the historic Blankenship's Universal Supply Co. The property size is 35000 square feet. Access has been improved with a parking lot, fencing, and landscaping. The size of the lot may vary based on need. The seller will retain an access easement to the rear of the parcel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    South Beach T ... T-Shirt Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0658063
    Latitude
    30.6922369

    Nearby Similar for Sale

    • New
      $899,900
      5,056 SF

      Freestanding Medical Office on Hillcrest

      Well-located medical office building with high visibility and ample parking.
      1605 Hillcrest Rd, Mobile, AL 36695
      View Details
    • $1,249,000
      0.03 Acres

      Renovated Mixed-Use Downtown Mobile Property

      Renovated mixed-use property in Mobile's central business district.
      7 Royal St N, Mobile, AL 36602
      View Details
    • $189,000
      2.09 Acres

      Waterfront Property on Dog River

      2.09 acres with 382' waterfront on Dog River.
      1620 Martin Dr W, Mobile, AL 36605
      View Details
    • $2,100,000
      1.48 Acres

      Church/Sports Facility Near USA Campus

      Church or sports-related business opportunity near the University of South Alabama.
      06819 Old Shell Rd, Mobile, AL 36608
      View Details
    • $194,000
      0.29 Acres

      Residential Income Property in Eight Mile

      Three-unit property with long-term tenants, offering immediate cash flow.
      4572 Myers Rd, Mobile, AL 36613
      View Details
    • $390,000
      0.57 Acres

      New Construction Duplex Investment Opportunity

      New construction duplex in Mobile, AL, ideal for investors.
      3475 Denmark Rd, Mobile, AL 36618
      View Details
    • $475,000
      0.58 Acres

      Commercial Property with Established Tenant

      Commercial property with established tenant, ideal for healthcare investment.
      805 Downtowner Loop W, Mobile, AL 36609
      View Details
    • $725,000
      0.63 Acres

      Updated Office Investment Opportunity

      Class A office complex in a desirable commercial corridor.
      1100 Hillcrest Rd, Mobile, AL 36695
      View Details
    • $475,000
      3.35 Acres

      Waterfront Property in Gated Community

      Waterfront property on Dog River with pier and dock.
      2637 Robin Hood Dr, Mobile, AL 36605
      View Details
    • $2,100,000
      2.58 Acres

      Church Near University of South Alabama

      Church property near USA campus, ideal for visionary ministry.
      53 Foreman Rd, Mobile, AL 36608
      View Details
    • $529,000
      1.02 Acres

      Updated Office Building in Midtown

      Versatile commercial office space in Midtown Mobile, recently updated.
      1962 Spring Hill Ave, Mobile, AL 36607
      View Details
    • $425,000
      0.83 Acres

      Updated Commercial Building with Metal Building

      Versatile commercial building with offices, conference room, and metal building.
      7970 Tanner Williams Rd, Mobile, AL 36608
      View Details

    FAQs

    What type of property is this?
    Land - Development lot on Springhill Ave in Midtown Mobile.
    Where is this land located?
    The property is located at 1307 Spring Hill Ave Mobile, AL.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: - Development lot in desirable Midtown Mobile location.; - Adjacent to historic Blankenship's Universal Supply Co.; - Recently improved access with **parking lot, fencing, and landscaping.**
    (251) 375-6677
    Request Owner's contact information
    1307 Spring Hill Ave Mobile, AL 36604
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1307 Spring Hill Ave
    Mobile, AL 36604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1307 Spring Hill Ave Mobile, AL 36604
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lewis H. Golden
    (251) 375-6677
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.