Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Grand Bay Wilmer Rd Grand Bay, AL 36541
    Back to Search
    Property profile & analytics

    Grand Bay Wilmer Rd, Grand Bay, AL 36541

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

    Current Use by Public Records

    • Land

    Property Details for 0 Grand Bay Wilmer Rd

    Property type
    Land

    Description

    This exceptional 37,897.2 square foot commercial land parcel presents a unique investment opportunity in Grand Bay, Alabama. Strategically located on Grand Bay Wilmer Road with convenient access to Interstate-10, this property offers unparalleled visibility and accessibility for a wide range of commercial ventures. Situated in the unincorporated area of Mobile County, the land is zoned for commercial use, providing flexibility for various development plans. The expansive lot size allows for ample space to construct a substantial building or develop a multi-unit complex. Its prime location near Interstate-10 ensures high traffic volume and easy access for customers and employees. This property is ideal for businesses seeking a high-profile location with excellent transportation links. The asking price is $595,000. The property's address is Grand Bay Wilmer Road, Grand Bay, Alabama, 36541. Its geographical coordinates are latitude 30.507582 and longitude -88.334896. This is a rare opportunity to acquire a significant commercial land holding in a rapidly growing area. Don't miss out on this chance to secure a prime location for your next business venture. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grand Bay
    County
    Mobile
    State
    Alabama
    Longitude
    -88.3349
    Latitude
    30.5076

    Comparable in this City

    • Value Estimation by Request
      9.37 Acres

      10125 Grand Bay Wilmer Rd

      Day care centers
      10125 Grand Bay Wilmer Rd, Grand Bay, AL 36541
      View Details
    • Value Estimation by Request
      16.00 Acres

      Creel Rd

      Land
      0 Creel Rd, Grand Bay, AL 36541
      View Details
    • Value Estimation by Request
      4,394 SF

      10380 Foots Rd

      COMMERCIAL (GENERAL)
      10380 Foots Rd, Grand Bay, AL 36541-6491
      View Details
    • Value Estimation by Request
      1,646 SF

      11670 Us Hwy 90

      COMMERCIAL (GENERAL)
      11670 Us Hwy 90, Grand Bay, AL 36541-5168
      View Details
    • Value Estimation by Request
      1.14 Acres

      Cunningham Rd

      VACANT COMMERCIAL LAND
      Cunningham Rd, Grand Bay, AL 36541
      View Details
    • Value Estimation by Request
      13.72 Acres

      9440 Grand Bay Wilmer S Rd

      VACANT COMMERCIAL LAND
      9440 Grand Bay Wilmer S Rd, Grand Bay, AL 36541-4248
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      Grand Bay Wilmer Rd, Grand Bay, AL 36541
      View Details
    • $400,000
      40.86 Acres

      Grand Bay Land Opportunity

      40+/- acres in Grand Bay city limits for sale.
      Warren Creek Rd, Grand Bay, AL 36541
      View Details
    • $129,500
      4.00 Acres

      4-Acre Land Parcel in Grand Bay

      Land with existing infrastructure, ideal for homesite or development.
      14935 Old Pascagoula Rd, Grand Bay, AL 36541
      View Details
    • $235,000
      6.17 Acres

      Grand Bay Acreage with Tiny Home

      6.17 acres in Grand Bay with move-in ready tiny home.
      12030 Potter Tract Rd, Grand Bay, AL 36541
      View Details
    • $200,000
      2.49 Acres

      Waterfront Land in Grand Bay, AL

      Versatile waterfront property with potential for commercial or residential development.
      Marine Laboratory Rd, Grand Bay, AL 36541
      View Details
    • Contact for pricing

      Grand Bay Acreage for Outdoor

      20.248 acres in Grand Bay, AL, ideal homesite.
      13200 Old Pascagoula Rd, Grand Bay, AL 36541
      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.
    Grand Bay Wilmer Rd
    Grand Bay, AL 36541
    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
    Grand Bay Wilmer Rd, Grand Bay, AL, 36541
    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!