Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Snow Rd Mobile, AL 36695
    Property profile & analytics

    Snow Rd, Mobile, AL 36695

    View on Map
    • Land
    • 68.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Snow Rd

    Lot size
    68.30 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 68.3-acre parcel presents a unique investment opportunity in Mobile County, Alabama. Situated on Snow Road N, near the Howells Ferry Road intersection, this expansive tract boasts a prime location with convenient access to major roadways. Currently designated as County Unzoned, the property offers significant flexibility for a variety of development possibilities, encompassing agricultural, industrial, and residential uses. The expansive lot size provides ample space for various projects, from large-scale agricultural operations to industrial facilities or a substantial residential subdivision. The property's APN is 2702030000080XXX. Its location in Mobile, AL, zip code 36695, offers proximity to the city's amenities while maintaining a sense of rural tranquility. This raw land presents a blank canvas for ambitious developers and investors seeking a substantial landholding in a rapidly growing area. The property's versatility and strategic location make it an attractive prospect for those seeking to capitalize on the region's potential. Serious inquiries are encouraged to explore the possibilities of this remarkable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.2762
    Latitude
    30.7268

    Comparable in this City

    • Value Estimation by Request
      1.97 Acres

      889 Snow Rd

      Individual retail properties
      889 Snow Rd, Mobile, AL 36695
      View Details
    • Value Estimation by Request
      3.38 Acres

      Oxbridge Way

      Land
      0 Oxbridge Way, Mobile, AL 36695
      View Details
    • Value Estimation by Request
      9.32 Acres

      6512 Grelot Rd

      Multifamily properties
      6512 Grelot Rd, Mobile, AL 36695
      View Details
    • Value Estimation by Request
      324.00 Acres

      Grand Bay Wilmer Rd

      Land
      0 Grand Bay Wilmer Rd, Mobile, AL 36695
      View Details
    • Value Estimation by Request
      21.40 Acres

      3675 Grand Bay Wilmer Rd

      Land
      3675 Grand Bay Wilmer Rd, Mobile, AL 36695
      View Details
    • Value Estimation by Request

      +-83,000 SF Land For Sale - Grelot Lot

      +-83,000 SF Land For Sale - Grelot Lot
      7131 Grelot Rd, Mobile, AL 36695
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      7930 Old Government Street Rd, Mobile, AL 36695
      View Details
    • Contact for pricing

      Raw Land on Snow Road

      Raw land available on Snow Road near Howells Ferry.
      Snow Rd N, Mobile, AL 36695
      View Details
    • Contact for pricing
      83,000 SF

      Land Available on Grelot Road

      Land for sale with high traffic and visibility.
      7131 Grelot Rd, Mobile, AL 36695
      View Details
    • $599,900
      7.50 Acres

      Cleared Land Ready for Development

      Approximately 8 acres of level, cleared land ready for development.
      8391 Jeff Hamilton Road Ext, Mobile, AL 36695
      View Details
    • Contact for pricing

      Grelot Road Development Opportunity

      3.57-acre parcel with high visibility and traffic exposure.
      Grelot Rd, Mobile, AL 36695
      View Details
    • Contact for pricing

      Land Available for Sale

      Land available at Schillinger and Grelot Road, Mobile, AL.
      Schillinger And Grelot Rd, Mobile, AL 36695
      View Details
    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.
    Snow Rd
    Mobile, AL 36695
    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

    Thank You for Inquiry
    Snow Rd, Mobile, AL, 36695
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!