Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Student Housing Community Title is generated by Realmo AI

    6640 Old Shell Rd Mobile, Mobile, AL 36608

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Purpose-built student housing community near the University of South Alabama.

    Type:Student Housing
    Property size:
    85 SF
    Added:
    Sep 10, 2025
    Days on Market:
    266
    Last Refresh:
    May 8 at 11:28 pm

    Property Features for 6640 Old Shell Rd Mobile

    General Information

    Standard status
    Active
    Size
    85 SF
    Property subtype
    Student Housing

    We can help!

    Listing Contact
    Matthew Snyder
    Matthew Snyder

    Listing agent Matthew Snyder

    Listing office

    Listing date Sep 10, 2025

    Source Lee-associates

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

    All listing content including descriptions, pricing, images are the copyrighted material of Matthew Snyder

    HighLights

    • Purpose‑built student housing community completed in 2023, located near the University of South Alabama (USA).
    • Cottage‑style homes offer bed‑bath parity with 3, 4, and 5‑bedroom floorplans, averaging 2,035 sq ft, appealing to student preferences.
    • Fully furnished units with luxury finishes including granite countertops, stainless steel appliances, and in‑unit washer & dryer.
    • Gated community with key fob access, providing security and peace of mind.
    • Comprehensive amenity package including a clubhouse, resort‑style pool, fitness center, dog park, and study room.
    • Connected to campus via scenic wooded trails, offering a safe and convenient walking route.

    Overview

    Ivy Row at South Alabama is a purpose-built student housing community located approximately 1/4 mile from the University of South Alabama (USA) campus. Completed in 2023, this cottage-style student property caters to USA students. The community comprises 186 beds within 42 cottage-style homes. These cottages offer bed-bath parity with three, four, and five-bedroom floorplans averaging 2,035 square feet. The units come furnished and feature high-end finishes. The gated community provides security with key fob access and amenities including a clubhouse and lounge, resort-style swimming pool, grilling pavilion and sun deck, fitness center, on-site dog park, and study room. Ivy Row is connected to the campus via scenic wooded trails. All units feature granite countertops, under-mount sinks, tile backsplash, over-the-range microwaves, stainless steel appliances, and tubs with tile surround. Additional features include 9-foot ceilings, a front porch, a large custom kitchen island, en-suite bathrooms, a half-bath downstairs, and walk-in closets. The cottage-style units are fully furnished with a full-size washer & dryer, oversized sectional sofa, barstools, a coffee table, and bedroom furniture.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ivy Row at South Student Housing Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1968
    Latitude
    30.692

    Nearby Similar for Sale

    • $375,000
      6,320 SF

      Spacious Office Building on Large Lot

      6,320 sq ft office building on 1.58 acres.
      3512 Godwin Court, Mobile, AL 36693
      View Details
    • $635,000
      6,750 SF

      Multi-Tenant Office Building For Sale

      6,750 SF multi-tenant office building in a desirable location.
      4080 Government Boulevard, Mobile, AL 36693
      View Details
    • $899,900
      5,409 SF

      Freestanding Medical Office on Hillcrest

      Medical office building on high-traffic Hillcrest Road.
      1605 Hillcrest Road, Mobile, AL 36695
      View Details
    • $600,000
      3,576 SF

      Midtown Multi-Unit Investment Opportunity

      Six fully leased units in a convenient Midtown location.
      266 Rickarby Street, Mobile, AL 36606
      View Details
    • $475,000
      5,911 SF

      Six-Unit Apartment Building For Sale

      Income-generating six-unit apartment building with renovation upside.
      207 Michigan Avenue, Mobile, AL 36604
      View Details
    • $425,000
      5,345 SF

      Commercial Property with Established Tenant

      Commercial property with a long-term tenant in place.
      805 Downtowner Loop W, Mobile, AL 36609
      View Details
    • $900,000
      6,540 SF

      Hillcrest Road Commercial Opportunity

      Commercial property on Hillcrest Road suitable for business or medical offices.
      1565 Hillcrest Road, Mobile, AL 36695
      View Details
    • $600,000
      2,666 SF

      Renovated High-Income Apartment Building

      Six-unit building with short-term and long-term rental income.
      1300 Illinois Street, Mobile, AL 36604
      View Details
    • $725,000
      7,500 SF

      Updated Office Complex in Mobile

      Income-producing office complex in desirable West Mobile commercial corridor.
      1100 Hillcrest Road, Mobile, AL 36695
      View Details
    • $650,000
      7,200 SF

      Mobile Office Building For Sale

      Two-story office building with eight suites and ample parking.
      6051 Airport Boulevard, Mobile, AL 36608
      View Details
    • $799,000
      5,910 SF

      Midtown Mobile Multifamily Investment Opportunity

      Nine-unit apartment complex in Midtown Mobile, 100% occupied.
      203 Mohawk Street, Mobile, AL 36606
      View Details
    • $379,000
      1,000 SF

      New Construction Duplex in Mobile

      New construction duplex with modern finishes, ideal for investors.
      3475 Denmark Road, Mobile, AL 36618
      View Details

    FAQs

    What type of property is this?
    Student housing - Purpose-built student housing community near the University of South Alabama.
    Where is this student housing located?
    The property is located at 6640 Old Shell Rd Mobile Mobile, AL.
    What are key features of this property?
    This property features: Purpose‑built student housing community completed in 2023, located near the University of South Alabama (USA).; Cottage‑style homes offer bed‑bath parity with 3, 4, and 5‑bedroom floorplans, averaging 2,035 sq ft, appealing to student preferences.; **Fully furnished units with luxury finishes including granite countertops, stainless steel appliances, and in‑unit washer & dryer.**
    (513) 633-2926
    We can help!
    Listing Contact
    Matthew Snyder
    Matthew Snyder
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    6640 Old Shell Rd | Mobile, AL 36608, AL 36608
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!