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

    Old Military Rd Mount Vernon, AL 36560

    View on Map
    Picture of Other land at Old Military Rd, Mount Vernon, AL
    For Sale
    $2,400,000

    174 Acres Land For Sale - Mount Vernon/Ft. Stoddard Business Park

    Property size:
    7,579,440 SF
    Lot size:
    174.00 Acres
    Added:
    Mar 11, 2025
    Days on Market:
    392
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for Old Military Rd

    General Information

    Standard status
    Active
    Property type
    Other land, Commercial land, Residential land & home lots, Land
    Size
    7,579,440 SF
    Elevators
    N/A
    Lot size
    174.00 Acres

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Mar 11, 2025

    Overview

    Mobile Riverfront Development Land Opportunity

    This 174-acre tract represents a development opportunity near Mount Vernon, Alabama, approximately 40 minutes from downtown Mobile and the Port of Mobile. The property features frontage on both the Mobile River (2,329 feet) and David Lake (1,529 feet). The majority of the land is located outside designated flood zones. Public access is available, and essential utilities such as water and electricity are in place. The property is zoned for commercial and residential use, making it suitable for a variety of projects. The location provides access to the Mobile River and David Lake. This expansive parcel is ideal for a variety of commercial or residential projects, capitalizing on its prime location and substantial riverfront acreage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Mount Vernon
    County
    Mobile
    State
    Alabama
    Longitude
    -88.056
    Latitude
    31.0984

    Nearby Similar for Sale

    • $58,000

      Mount Vernon Commercial Land Available

      Two commercial parcels in Mt Vernon, being sold together.
      Highway 43, Mount Vernon, AL 36560
      View Details
    • $20,000

      Mount Vernon Acreage Homesite Opportunity

      Affordable 0.72 acre lot with utilities in Mount Vernon.
      17950 HIGHWAY 43, MOUNT VERNON, AL 36560
      View Details
    • $65,000

      Residential Land in Mount Vernon

      Versatile land parcel in a growing community, ideal for development.
      Frank Williams Street, Mount Vernon, AL 36560
      View Details
    • $135,000

      Mount Vernon Acreage with Structures

      3.75 acres in Mount Vernon with house and barn.
      Highway 43 N, Mount Vernon, AL 36560
      View Details
    • $189,000
      3,328 SF

      Established Bar/Lounge Turnkey Opportunity

      Well-established bar/lounge with furniture, fixtures, and equipment included.
      17765 Highway 43, Mount Vernon, AL 36560
      View Details
    • $35,000

      Residential Land in Mount Vernon

      One-acre lot suitable for building a home near industrial mills.
      19950 Highway 43 N, Mount Vernon, AL 36560
      View Details
    • $35,000

      Residential Lot in Mount Vernon

      One-acre residential lot, ideal for building a dream home.
      Highway 43 N, Mount Vernon, AL 36560
      View Details
    • $35,000

      Mount Vernon Acreage Ready to Build

      One acre lot ready for your dream home!
      Highway 43 N, Mount Vernon, AL 36560
      View Details
    • $219,000

      Commercial Land in Mount Vernon

      10 acres suitable for commercial development near established businesses.
      20100 Highway 43 N, Mount Vernon, AL 36560
      View Details
    • $279,900

      43 Acres on Highway 43

      43 acres of commercial land in Mount Vernon, Alabama.
      Highway 43, Mount Vernon, AL 36560
      View Details
    • $380,000
      1,873,080 SF

      43 Acres Land For Sale

      43-acre commercial land parcel in Mount Vernon, Alabama.
      Pierce St, Mount Vernon, AL 36560
      View Details
    • $380,000
      1,873,080 SF

      43 Acres Land For Sale

      43-acre commercial land parcel in Mount Vernon, Alabama.
      Pierce St, Mount Vernon, AL 36560
      View Details

    FAQs

    What type of property is this?
    Land - 174 Acres Land For Sale - Mount Vernon/Ft. Stoddard Business Park
    Where is this land located?
    The property is located at Old Military Rd Mount Vernon, AL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    (251) 471-1000
    We can help!
    Listing Contact
    Paul Salter
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!