Add Listing
    For Sale
    • 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

    3032 St Stephens Rd Prichard, AL 36612

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.53 Acres, High Visibility, Prime Location

    Property Features for 3032 St Stephens Rd

    General Information

    Property type
    Land
    Lot Size
    66,647 SF

    We can help!

    Listing Contact
    Justin Toomey
    Justin Toomey

    Listing Agent: Justin Toomey

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

    Learn more

    Overview

    This exceptional 1.53-acre commercial property located at 3032 St Stephens Road in Mobile, Alabama, presents a significant development opportunity. Currently the site of Azalea City Motors, this high-visibility lot offers substantial potential for various business ventures. Its prime location on bustling St Stephens Road ensures excellent accessibility and high traffic volume. The asking price is $375,000. The property's size and strategic placement within a growing Mobile business environment make it an attractive investment for developers and entrepreneurs seeking a prominent location. The existing structures on the site offer potential for repurposing or redevelopment, providing flexibility for a range of projects. This property is zoned for retail use and is situated in Mobile County, Alabama, with a zip code of 36612. The coordinates are 30.7470727 latitude and -88.1118714 longitude. This is a rare opportunity to acquire a substantial commercial parcel in a thriving market. The property's potential for significant return on investment is undeniable, making it an ideal choice for those seeking a high-impact commercial venture. Broker co-op is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Prichard
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1118714
    Latitude
    30.7470727

    Nearby Similar for Sale

    • $450,000
      2,315 SF

      Eight Mile Commercial Property

      2.28-acre commercial property with high visibility and easy access.
      6125 Spice Pond Rd, Eight Mile, AL 36613
      View Details
    • $399,000
      9,918 SF

      Retail Space in Prichard, AL

      Former Family Dollar store in Belt 45 shopping center.
      1081 S Bessemer Ave, Prichard, AL 36610
      View Details
    • $40,000
      5,841 SF

      Warehouse with Potential Apartment Units

      Warehouse with apartment units and adjacent lot for sale.
      616 Martin Luther King Jr Dr, Prichard, AL
      View Details
    • $450,000

      Prime Commercial Property For Sale

      2.28 +/- acre commercial property with high visibility.
      6125 Spice Pond Rd, Eight Mile, AL
      View Details
    • Contact for pricing
      4,078 SF

      Prichard Office Space For Sale

      Office space available in Prichard, Alabama, totaling 4,078 square feet.
      403 S Wilson Ave, Prichard, AL 36610
      View Details
    • $519,000
      5,000 SF

      Eight Mile Office/Warehouse For Sale

      Spacious Office/Warehouse on 4.5± Acres
      4525 Schillinger Rd, Eight Mile, AL 36575
      View Details
    • $450,000
      2,764 SF

      Eight Mile Commercial Land Investment

      High-visibility, unrestricted 2.29-acre lot.
      6125 Spice Pond Rd, Eight Mile, AL 36613
      View Details
    • $370,000
      3,306 SF

      Whistler Industrial Warehouse

      Versatile 3,306 SF Warehouse, 1.05 Acres
      2107 Wolf Ridge Rd, Whistler, AL 36612
      View Details
    • $125,000
      1,160 SF

      Prichard Office Building - Great Investment

      1,160 sq ft Office, 0.31 Acres
      1503 Telegraph Rd, Prichard, AL 36610
      View Details

    FAQs

    What type of property is this?
    Land - 1.53 Acres, High Visibility, Prime Location
    Where is this land located?
    The property is located at 3032 St Stephens Rd Prichard, AL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 1.53-acre commercial lot at 3032 St Stephens Road, Mobile, AL.; High-visibility location on St. Stephens Road with high traffic volume.; $375,000 asking price.
    (251) 544-5484 Call to check price and availability
    Request Owner's contact information
    3032 St Stephens Rd Prichard, AL 36612
    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.
    3032 St Stephens Rd
    Prichard, AL 36612
    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
    3032 St Stephens Rd Prichard, AL 36612
    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 Justin Toomey
    Justin Toomey
    Real Estate License ID: #22847
    (251) 544-5484 (251) 680-3663
    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!