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    5301 Moffett Rd Mobile, AL 36618
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    Property profile & analytics

    5301 Moffett Rd, Mobile, AL 36618

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    • Neighborhood centers
    • 60,123 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Royal Walk-in Tubs Mobile🛁 / Kitchen & Bath Showroom / Furniture & Home Goods
    • Da Nu Car Effect / Car Wash
    • higi / Physician
    • Dollar Tree / Discount Store

    Property Details for 5301 Moffett Rd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents 60,123 square feet of space across three buildings situated on a 6.87-acre lot in Mobile, Alabama. The property, located at 5301 Moffett Road, enjoys a highly visible location near the intersection of Overlook Road and Moffett Road, with convenient access to University Boulevard. Multiple spaces are available, ranging from a minimum of 2,520 square feet to a maximum contiguous space of 24,343 square feet. A significant portion of the center, totaling 48,460 square feet, is currently vacant, presenting a unique chance for expansion or redevelopment. The recently vacated Walgreens suite is among the available spaces. The property's Assessed Parcel Number (APN) is R022802034000118. Owners are open to build-to-suit options for inline or freestanding tenants, catering to specific lease prospect needs. The substantial vacant space and flexible ownership approach make this a compelling investment with significant redevelopment potential. This prime location and expansive footprint offer a rare opportunity to establish a strong retail presence in a thriving Mobile, AL market. The property's size and flexibility make it suitable for a variety of retail concepts.

    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
    -88.1653
    Latitude
    30.7205

    Comparable in this City

    • Value Estimation by Request
      60,123 SF

      5301 Moffett Rd

      Individual retail properties
      5301 Moffett Rd, Mobile, AL 36618
      View Details
    • Value Estimation by Request

      60,123 SF Retail Center For Sale

      60,123 SF Retail Center For Sale
      5301 Moffett Rd, Mobile, AL 36618
      View Details
    • Value Estimation by Request

      1,500 SF Building on 1.26 AC on Moffett Road

      1,500 SF Building on 1.26 AC on Moffett Road
      3911 moffett road, Mobile, AL 36618
      View Details
    • Value Estimation
      $635,000
      12,494 SF

      7313th Moffett Rd

      RETAIL STORES (PERSONAL SERVICES)
      7313th Moffett Rd, Mobile, AL 36618-4139
      View Details
    • Value Estimation
      $930,000
      6,781 SF

      7672 Moffett Rd

      RETAIL STORES (PERSONAL SERVICES)
      7672 Moffett Rd, Mobile, AL 36618-4134
      View Details
    • Value Estimation by Request
      3,774 SF

      5463 Central Blvd

      RETAIL STORES (PERSONAL SERVICES)
      5463 Central Blvd, Mobile, AL 36618
      View Details

    Similar Nearby for Sale

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      Moffett Road Commercial Land

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      Moffett Road Restaurant - Turnkey Opportunity

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      Commercial building on 0.4389 acre lot available for sale.
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      Mobile Industrial Property - 6,500 SF

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    Similar Nearby for Lease

    • $7 SF/Yr
      24,343 SF

      Mobile Retail Center - Redevelopment Opportunity

      High-traffic location, flexible lease terms.
      5301 Moffett Rd, Mobile, AL 36618
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    • $6 SF/Yr
      15,597 SF

      Mobile Retail Center - Redevelopment Opportunity

      High-traffic location, flexible lease terms.
      5301 Moffett Rd, Mobile, Mobile, AL 36618
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    • Contact for pricing
      7,200 SF

      Freestanding Retail Building For Rent

      Open floor plan retail building with high traffic visibility.
      6850 Moffett Rd, Mobile, AL 36618
      View Details
    • $10 SF/Yr
      1,000 SF

      Moffett Road Retail Space Available

      High-traffic Mobile, AL retail space.
      4805 Moffett Road, Mobile, AL 36618
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    • $1,500 /Mo
      19,118 SF

      Commercial Building on Moffett Road

      Commercial building for lease or sale on high-traffic Moffett Road.
      7361 Moffett Rd, Mobile, AL 36618
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    • Contact for pricing
      1,000 SF

      Retail Space on Moffett Road

      Retail space for lease on heavily-traveled Moffett Road.
      4805 Moffett Rd, Mobile, AL 36618
      View Details
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    Mobile, AL 36618
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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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