Building Details

Floors in Building 1

Building materials Brick 4 Sides, Vinyl Siding

Listing Agency: Realty Executives Bay Group · Realty Executives International Show Phone

Listed By: James Henderson · License #91867-1 Show Phone

Added: Aug 25 Changed: Sep 25 Last Checked: Oct 14 at 5:06PM

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MLS# 7826883

Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,805

Cap Rate

3.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$216,100 $216.1K

Cap Rate 7%

$154,357 $154.4K

Cap Rate 9%

$120,056 $120.1K

Market Conditions

NOI Build-Up for 1,304 SF

Gross rent

$21.1K $16.20/SF

− Vacancy

−$1.5K −$1.13/SF

EGI

$19.6K $15.07/SF

− OpEx

−$8.8K −$6.78/SF

NOI

$10.8K $8.29/SF

Area

Mobile, AL

Vacancy

7.00%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$216,100

Cap Rate 7%

$154,357

Cap Rate 9%

$120,056

Alternative Uses

Best Use

Apartment 5plus

$154.4K

$135.1K – $180.1K (±1% cap)

NOI $10,805 @ 7.0% cap · market cap 3.87%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$331.4K

$290.0K – $386.7K (±1% cap)

NOI $23,200 @ 7.0% cap · market cap 8.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Department Store Plumbing Service Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

Explore this area Business Placement

Demographics for 36613, AL

12,383

Population

4,890

Households

2.5

Avg Household Size

43

Median Age

15%

College-Educated

83%

High-School Grad

52.0 sq mi

ZIP Area

238

Density / Sq Mi

$49,317

Median Household Income

$35,509

Median Earnings

$1,233

Median Rent

$145,100

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

Where is this commercial land located?

The property is located at 5930 Joyce Avenue N Mobile, AL.

What is the asking price?

The asking price for this property is $279,000.