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    3450 St Stephens Rd Prichard, AL 36612
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    3450 St Stephens Rd, Prichard, AL 36612

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    • Retail properties & Spaces
    • 7,647 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3450 St Stephens Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail property, located at 3450 St. Stephens Rd in Prichard, Alabama (zip code 36612), offers a significant 7,647 square foot space currently available for lease. The property is classified as a storefront retail space within a multi-tenant building. The entire building comprises 7,647 square feet, meaning the entire space is vacant and ready for immediate occupancy. Situated in Mobile County, this location presents a prime opportunity for businesses seeking high visibility and accessibility. The previous tenant was a Family Dollar store, indicating a history of successful retail operations at this address. The property's size and prominent location make it suitable for a wide range of retail ventures. Interested parties are encouraged to explore the potential of this substantial retail space to establish or expand their business in a thriving community. The property is located at 30.753494 latitude and -88.1168972 longitude. Further details regarding lease terms and conditions are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Prichard
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1169
    Latitude
    30.7535

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      3226 St Stephens Rd

      Individual retail properties
      3226 St Stephens Rd, Prichard, AL 36612
      View Details
    • Value Estimation by Request
      2,476 SF

      3225 Saint Rd

      Individual retail properties
      3225 Saint Rd, Mobile, AL 36612
      View Details
    • Value Estimation by Request
      10,000 SF

      3226 St Stephens Rd

      Individual retail properties
      3226 St Stephens Rd, Mobile, AL 36612
      View Details
    • Value Estimation
      $940,000
      9,675 SF

      4231 Saint Stephens Rd

      RETAIL STORES (PERSONAL SERVICES)
      4231 Saint Stephens Rd, Mobile, AL 36612-1235
      View Details
    • Value Estimation
      $1,040,000
      6,860 SF

      3429 Saint Stephens Rd

      RETAIL STORES (PERSONAL SERVICES)
      3429 Saint Stephens Rd, Whistler, AL 36612-1238
      View Details
    • Value Estimation by Request
      3,080 SF

      2908 Persons St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      2908 Persons St, Mobile, AL 36612-1970
      View Details

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      High-visibility frontage property on a major U.S. highway suited for retail, auto service, or redevelopment.
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    • $375,000

      Prime Commercial Land Opportunity

      1.24-acre commercial property in Mobile, Alabama, with high visibility.
      3032 Saint Stephens Rd, Prichard, AL 36612
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    • Contact for pricing

      Prime Commercial Property on St Stephens

      1.53 acre commercial property on St Stephens Road.
      3032 St Stephens Rd, Mobile, AL 36612
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    Similar Nearby for Lease

    • Contact for pricing
      7,647 SF

      Retail Space with Ample Parking

      Retail space with high visibility and pylon signage available.
      3450 St Stephens Rd, Mobile, AL 36612
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Shopping Center

      Retail space available in high-traffic shopping center on Hwy 45.
      3445 Saint Stephens Rd, Mobile, AL 36612
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      27,000 SF

      Warehouse Space with Office

      80,000 SF warehouse with 3,000 SF office space available.
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    Prichard, AL 36612
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    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
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    3450 St Stephens Rd, Prichard, AL, 36612
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