Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    5344 Service Dr Mobile, AL

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2,750 SF endcap space in high-traffic retail corridor.

    Property size:
    2,750 SF
    Lot size:
    1.10 Acres

    Property Features for 5344 Service Dr

    General Information

    Size
    2,750 SF
    Lot size
    1.10 Acres

    We can help!

    Listing Contact
    Stephanie Hill
    Stephanie Hill
    Source: Moodyscre

    Listing Agent: Stephanie Hill

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

    Learn more

    Overview

    Retail Space in Tillman's Corner

    Available for lease is a 2,750 square foot endcap retail space, divisible, situated at the high-traffic intersection of Government Boulevard, with over 23,584 vehicles per day, and Nevius Road, with 18,000+ vehicles per day. The space has dimensions of 41 feet by 66 feet. This location is positioned in the Tillman’s Corner retail corridor, between two I-10 interchanges. The property is surrounded by national retailers, hotels, and restaurants. It offers convenient access to I-65, Mobile’s busiest interstate, providing quick connectivity to downtown. Current tenants include CFA, Chipotle, Keesler Federal Credit Union, and a national coffee operator.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1047287
    Latitude
    30.6809949

    Nearby Similar for Lease

    • $13 SF/Yr
      3,469 SF

      Prime West Mobile Office Space

      3,469 SF Office Building - Sale/Lease
      1111 Hillcrest Rd, Mobile, AL 36695
      View Details
    • $27 SF/Yr
      3,160 SF

      Dauphin Street Medical Office Suite

      Modern Mobile Medical Office Space, 3160 SF
      3280 Dauphin St, Mobile, AL 36606
      View Details
    • $12 SF/Yr
      1,500 SF

      Downtown Mobile Office Space For Lease

      1500 sq ft, full-service lease, prime location.
      59 St Joseph St, Mobile, AL 36602
      View Details
    • $980 /Mo
      29,320 SF

      Downtowner Loop Retail/Office Space

      Retail or office space in a high-traffic Mobile location.
      750 Downtowner Loop W, Mobile, AL 36609
      View Details
    • $22 SF/Yr
      1,000 SF

      Retail Space on Schillinger Road

      1,000 SF retail space in high-traffic shopping center.
      720 Schillinger Rd S, Mobile, AL 36695
      View Details
    • $1,700 /Mo
      29,320 SF

      Retail/Office Space Near Restaurants

      1500 sqft suite available for lease near popular restaurants.
      750 Downtowner Loop W, Mobile, AL 36609
      View Details
    • $3 SF/Yr
      31,500 SF

      Warehouse Space Near I-65

      31,000 SF warehouse space with office near I-65.
      981 Corporate Dr S, Mobile, AL 36607
      View Details
    • $17 SF/Yr
      6,800 SF

      Medical Office Near Providence Hospital

      6,800 SF medical office space in West Mobile.
      610 Providence Park Dr E, Mobile, AL 36695
      View Details
    • $12 SF/Yr
      1,500 SF

      Retail Center on Highway 90

      Retail spaces available in a high-traffic Mobile location.
      5238 Us-90, Mobile, AL
      View Details
    • $50,000
      3,000 SF

      Retail Space in Midtown Mobile

      Retail and pad site opportunities in a neighborhood shopping center.
      1500 Government St, Mobile, AL 36604
      View Details
    • New
      $6,000 /Mo
      40,946 SF

      Modern Office and Warehouse Space

      Versatile Theodore, Alabama office and warehouse space for rent.
      5578 Sermon Rd W, Theodore, AL 36582
      View Details
    • $425,000
      2,951 SF

      Renovated Office Space on Springhill

      Completely renovated historic office building near downtown Mobile.
      1327 Spring Hill Ave, Mobile, AL 36604
      View Details

    FAQs

    What type of property is this?
    Retail space - 2,750 SF endcap space in high-traffic retail corridor.
    Where is this retail space located?
    The property is located at 5344 Service Dr Mobile, AL.
    What are key features of this property?
    This property features: - High-traffic location at the intersection of Government Blvd (23,584+ VPD) and Nevius Road (18,000+ VPD); - Located in Tillman’s Corner retail corridor, between two I-10 interchanges; - **2,750 SF endcap space (divisible)**
    (205) 326-2222
    Request Owner's contact information
    5344 Service Dr Mobile, AL
    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.
    5344 Service Dr
    Mobile, AL
    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
    5344 Service Dr Mobile, AL
    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
    Stephanie Hill
    Stephanie Hill
    (205) 326-2222
    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.