1576 Navco Rd Mobile, AL 36605
This exceptional 15.5-acre parcel, situated at 1576 Navco Rd in Mobile, Alabama (zip code 36605), presents a compelling investment opportunity. Located conveniently just north of the I-10 overpass, this property boasts significant potential for diverse development. Currently zoned R1, the land is ideally suited for residential projects such as single-family homes, apartments, or townhouses. However, the possibility of rezoning for commercial use also exists, opening up a wider range of development options. The property includes an existing older home, which could be renovated or removed to suit the chosen development plan. The asking price for this expansive tract is $193,750. Its strategic location and considerable size make it an attractive proposition for developers seeking a prime location in Mobile County. The latitude and longitude coordinates are 30.6372986 and -88.105072 respectively. This is a rare opportunity to acquire a substantial piece of land with significant upside potential in a rapidly growing area. Serious inquiries are encouraged.
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
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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.