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    3008 Dauphin Sq Connector Mobile, AL 36607

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    3008 Dauphin Sq Connector Mobile, AL 36607

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    Property Details for 3008 Dauphin Sq Connector

    Property type
    Land

    Description

    This exceptional commercial land parcel, identified as Lot 2 within the Dauphin Square Commercial Park in Mobile, Alabama, presents a unique investment opportunity. Situated at 3008 Dauphin Square Connector, zip code 36607, this conveniently located lot measures approximately 60 feet by 140 feet, offering ample space for various commercial developments. The property is zoned B-3 by the City of Mobile, allowing for a wide range of potential uses, subject to city approvals. The asking price for this vacant lot is $42,500. Its prime location within the Dauphin Square Commercial Park provides excellent visibility and accessibility, making it an attractive option for businesses seeking a strategic foothold in the Mobile market. The legal description confirms this as Lot 2 of the designated commercial park. This is a rare opportunity to acquire a well-situated commercial lot in a thriving area of Mobile County, Alabama. Serious inquiries are encouraged to explore the possibilities this property offers. The coordinates for the property are 30.6923994 latitude and -88.1154828 longitude. This property is being offered for sale as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1155
    Latitude
    30.6924

    Comparable in this City

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      1807 Old Shell Rd

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      Phillips St

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      2865 Phillips St

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      4,840 SF

      144 65th Service N Rd

      COMMERCIAL (GENERAL) • 4,840 SF
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      5,400 SF

      2966 Old Shell Rd

      COMMERCIAL (GENERAL) • 5,400 SF
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    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      3008 Dauphin Sq Connector, Mobile, AL 36607
      View Details
    • $42,500
      8,400 SF

      Land Available in Mobile, AL

      Land for sale at Dauphin Square Connector, Mobile, AL.
      3008 Dauphin Sq Connector, Mobile, AL 36607
      View Details
    • $250,000
      30,000 SF

      Cleared Land Near UMS School

      Cleared 30,000 SF commercial land parcel for sale.
      2767 Spring Hill Ave, Mobile, AL 36607
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    • $165,000
      0.09 Acres

      Residential Lots in Springhill

      Two adjacent lots ready to build in Fielding Place Subdivision.
      Fielding Pl, Mobile, AL 36607
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    • Contact for pricing

      Industrial Land Near I-65

      3 AC fenced laydown yard with I-1 zoning.
      709 Western Dr, Mobile, AL 36607
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    • Contact for pricing
      59,000 SF

      Corner Site on Springhill Avenue

      59,000+- SF corner site in the Crichton area.
      2851 Spring Hill Ave, Mobile, AL 36607
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    Similar Nearby for Lease

    • $6 SF/Yr
      31,500 SF

      Mobile Warehouse Space For Lease

      Large warehouse, rail access, prime location.
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    • $1,100 /Mo
      880 SF

      Midtown Mobile Office Space Available

      880 sq ft office, prime location, great lease terms.
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    • $26,250
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      Mobile, AL Warehouse Space For Lease

      Large warehouse distribution space available. Excellent location.
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      Retail Single Tenant Space

      Retail space available for rent, single tenant, 2,120 SqFt.
      2401 Old Shell Rd, Mobile, AL 36607
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    • Contact for pricing

      Retail Space on Sage Avenue

      900 sqft retail space available near Dauphin Street.
      16 S Sage Ave, Mobile, AL 36607
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    • $1,950 /Mo
      2,700 SF

      Mobile Office/Warehouse Flex Space

      2700 SF flex space for lease in Mobile, AL.
      1125 Corporate Drive North, Mobile, AL 36607
      View Details
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    Mobile, AL 36607
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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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