Add Listing
    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

    312 Schillinger Rd Mobile, AL 36608

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

    Mobile, AL Retail Land - High Traffic

    Lot size:
    4,500 SF

    Property Features for 312 Schillinger Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,500 SF
    Total Rate
    4166.25

    Spaces For Lease

    at 312 Schillinger Rd, Mobile, AL 36608 Contact us
    Unit Available Space

    $11 /Mo

    Size
    4,500 SF
    Contact us

    We can help!

    Listing Contact
    Chris Harle
    Chris Harle

    Listing Agency: White-Spunner Realty Listing Agent: Chris Harle

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 4,500 square foot commercial land parcel presents a prime retail or quick-service restaurant (QSR) opportunity. Located in Mobile County, Alabama, at 312 Schillinger Rd S, zip code 36608, this B-3 zoned property (APN 2706240000004005) boasts unparalleled visibility and accessibility. Situated as an outparcel of the bustling Ambassador Plaza, anchored by At Home and the soon-to-open Floor & Decor, this site benefits from exceptional daily traffic counts. Schillinger Road sees over 34,000 vehicles per day, while the combined traffic at the Airport Blvd and Schillinger Rd intersection exceeds 65,000 vehicles daily. The property offers superb visibility from a lighted intersection, ensuring high exposure for your business. The entire 4,500 square feet is currently vacant and ready for immediate development. This is an ideal location for businesses seeking high traffic volume and strong visibility in a rapidly growing area. The single-tenancy nature of the land provides flexibility for development and customization. Don't miss this chance to establish your business in a thriving Mobile County location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ambassador Plaza Business Service Center CELL MAX - iPhone ... Mobile Phone Store West Mobile Produce ... Grocery & Convenience Store Vaping Goat (Bike/Boat/Book/etc) Store MERAKI STUDIOS Hair Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.225507275901
    Latitude
    30.684902018038

    Nearby Similar for Lease

    • $3,900 /Mo
      28,035 SF

      Mobile Commercial Space For Rent

      Commercial space with easy access, gated yard, and ample parking.
      3151 Midtown Park S, Mobile, AL 36606
      View Details
    • $425 /Mo
      4,147 SF

      Office Suites with Water Access

      Individual office suites available, some with private restrooms and water.
      5300 Overlook Rd, Mobile, AL 36618
      View Details
    • $9,800 /Mo
      39,853 SF

      Office/Warehouse with I-10 Access

      Stand-alone office/warehouse with fenced yard and convenient highway access.
      5425 Business Park Way, Theodore, AL 36582
      View Details
    • $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
    • $1,250 /Mo
      35,005 SF

      Retail/Office Space in Chickasaw

      Versatile space suitable for retail, office, or salon.
      355 Craft Hwy N, Mobile, AL 36611
      View Details
    • $1,600 /Mo
      40,685 SF

      Retail Space on Cottage Hill

      Retail space with great visibility and utilities included.
      5301 Cottage Hill Rd, Mobile, AL 36609
      View Details
    • $4,500 /Mo
      25,369 SF

      Retail Space in Mobile, AL

      Retail space suitable for various businesses, with additional parking.
      75 Schillinger Rd N, Mobile, AL 36608
      View Details
    • $950 /Mo
      5,014 SF

      Charming Cottage on Cottage Hill

      Cottage ideal for office, retail, or salon.
      811 Wildwood Dr, Mobile, AL 36693
      View Details
    • $950 /Mo
      5,227 SF

      Charming Cottage for Retail/Office

      Affordable cottage ideal for retail, wholesale, salon, or office.
      805 Wildwood Dr, Mobile, AL 36609
      View Details
    • $1,500 /Mo
      19,118 SF

      Commercial Building on Moffett Road

      Commercial building for lease on a 0.4389 acre lot.
      7361 Moffett Rd, Mobile, AL 36618
      View Details
    • $8,800 /Mo
      23,292 SF

      Warehouse in Central Mobile, AL

      Warehouse space suitable for logistics or local warehouse needs.
      2312 Halls Mill Rd, Mobile, AL 36606
      View Details
    • $7,232 /Mo
      23,326 SF

      Ready-to-Rent Office in Mobile, AL

      All-inclusive office space near historic downtown Mobile, AL.
      1621 University Blvd S, Mobile, AL 36609
      View Details

    FAQs

    What type of property is this?
    Retail property - Mobile, AL Retail Land - High Traffic
    Where is this retail property located?
    The property is located at 312 Schillinger Rd Mobile, AL.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Up to 4,500 square feet of building space allowed.; High-visibility location at a lighted intersection.;
    (251) 234-7232 Call to check price and availability
    Request Owner's contact information
    312 Schillinger Rd Mobile, AL 36608
    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.
    312 Schillinger Rd
    Mobile, AL 36608
    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
    312 Schillinger Rd Mobile, AL 36608
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Harle
    Chris Harle
    Real Estate License ID: 105180
    (251) 234-7232 (251) 471-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!