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    Grelot Rd Mobile, AL 36609

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    For Sale
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    Mobile, AL Commercial Land Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15-acre commercial land parcel presents a unique investment opportunity in Mobile, Alabama. Located at the high-traffic intersection of Grelot Road and University Boulevard, this B-3 (Community Business) zoned property boasts unparalleled visibility to over 49,000 vehicles per day. The site's prime location offers easy access to a thriving community, with close proximity to St. Luke's Episcopal High School, numerous offices, and established residential neighborhoods. The strong demographics further enhance the property's appeal, with an average household income exceeding $76,000 and a population of over 153,000 within a 5-mile radius. The property's APN is 2808273000084004. This significant acreage provides ample space for a wide range of commercial developments, making it an ideal investment for developers seeking a high-visibility location with strong potential for return. The property is situated in Mobile County, Alabama, with a zip code of 36609, and is easily accessible via Grelot Rd. This is a rare opportunity to acquire a substantial commercial land parcel in a rapidly growing area.

    Property Features for 0 Grelot Rd

    General Information

    Property type
    Land
    Lot Size
    653,400 SF

    HighLights

    • 15‑acre commercial land parcel in Mobile, AL, at the high‑traffic intersection of Grelot Road and University Boulevard.
    • B‑3 (Community Business) zoning with over 49,000 vehicles per day passing by.
    • High visibility and easy access to St. Luke's Episcopal High School, offices, and residential areas.
    • Strong demographics: Average household income over $76,000 and over 153,000 people within a 5‑mile radius.
    • APN: 2808273000084004, Zip Code: 36609, Mobile County, AL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.169865178296
    Latitude
    30.663820490576

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    FAQs

    What type of property is this?
    Land - Mobile, AL Commercial Land Development Opportunity
    Where is this land located?
    The property is located at Grelot Rd Mobile, AL.
    What are key features of this property?
    This property features: 15-acre commercial land parcel in Mobile, AL, at the high-traffic intersection of Grelot Road and University Boulevard.; B-3 (Community Business) zoning with over 49,000 vehicles per day passing by.; High visibility and easy access to St. Luke's Episcopal High School, offices, and residential areas.
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    Grelot Rd Mobile, AL 36609
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    Mobile, AL 36609
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    Realmo Value Estimation

    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.

    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.

    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
    Grelot Rd Mobile, AL 36609
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