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Property profile & analytics
OFF-MARKET
Land

0 Grelot Rd Mobile, AL 36609

15 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 15-acre commercial land parcel presents a unique investment opportunity in Mobile, Alabama. Located at the high-traffic intersection of Grelot Road and University Boulevard, this B-3 (Community Business) zoned property boasts unparalleled visibility to over 49,000 vehicles per day. The site's prime location offers easy access to a thriving community, with close proximity to St. Luke's Episcopal High School, numerous offices, and established residential neighborhoods. The strong demographics further enhance the property's appeal, with an average household income exceeding $76,000 and a population of over 153,000 within a 5-mile radius. The property's APN is 2808273000084004. This significant acreage provides ample space for a wide range of commercial developments, making it an ideal investment for developers seeking a high-visibility location with strong potential for return. The property is situated in Mobile County, Alabama, with a zip code of 36609, and is easily accessible via Grelot Rd. This is a rare opportunity to acquire a substantial commercial land parcel in a rapidly growing area.

Property profile
Verified
Property type Land
Lot 15 ac (653,400 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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