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Property profile & analytics
OFF-MARKET
Land

0 University Blvd Mobile, AL 36609

1.47 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.47-acre commercial land parcel sits at the highly visible northwest corner of University Boulevard and Grelot Road in Mobile, Alabama (zip code 36609). The property, identified by APN R022808273000052, is zoned B3 and offers significant development potential. Boasting a prime location at a signalized intersection, this elevated lot enjoys excellent visibility with over 30,000 cars passing daily. The terrain is largely flat with some wooded areas. Its proximity to Airport Boulevard further enhances its strategic value. The asking price for this exceptional opportunity is $500,000, translating to $340,136 per acre. Cash purchase is preferred. Potential uses include office and retail developments, making this a compelling investment for discerning buyers seeking a high-traffic location in a thriving Mobile County market. The property is currently vacant and ready for immediate development.

Property profile
Verified
Property type Land
Lot 1.47 ac (64,033 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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