0 Grelot Rd Mobile, AL 36609
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.