Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3968 Airport Blvd Mobile, AL 36608
    Back to Search
    Property profile & analytics

    3968 Airport Blvd, Mobile, AL 36608

    View on Map
    • Power centers
    • 35,136 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Amazon Hub Locker - Mobile / Postal Service / Courier Service
    • Char Bar / Restaurant

    Property Details for 3968 Airport Blvd

    Year built
    2015
    Property type
    Power centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 35,136-square-foot retail space, located at 3968 Airport Boulevard in Mobile, Alabama, presents a unique opportunity for a discerning tenant. Previously occupied by a Whole Foods Market, this single-tenant property boasts a prime location within the established Pinebrook Shopping Center. Built in 2015, the building is in excellent condition and benefits from significant recent improvements associated with the former Whole Foods Market. The property's high visibility and accessibility on Airport Boulevard ensure maximum exposure to a large customer base. The surrounding area features a diverse mix of complementary businesses, including Books-A-Million and PetSmart, along with a variety of smaller shops and restaurants, creating a vibrant and thriving retail environment. The property is situated in Mobile County, Alabama, with a zip code of 36608. This expansive space is ideal for a variety of retail uses and offers significant potential for growth and success. The property's size and location make it an attractive option for a junior box retailer or a business seeking a large, high-profile presence in the Mobile market. The building's modern design and construction provide a flexible and adaptable space for a wide range of retail concepts. This is a rare opportunity to secure a substantial retail space in a highly desirable location.

    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
    -88.1509
    Latitude
    30.6772

    Comparable in this City

    • Value Estimation by Request
      42,440 SF

      740 Museum Dr

      Lifestyle centers
      740 Museum Dr, Mobile, AL 36608
      View Details
    • Value Estimation by Request

      5624 Old Shell Rd

      Lifestyle centers
      5624 Old Shell Rd, Mobile, AL 36608
      View Details
    • Value Estimation by Request

      7400 Airport Blvd

      Land
      7400 Airport Blvd, Mobile, AL 36608
      View Details
    • Value Estimation by Request
      385,775 SF

      3725 Montlimar Dr

      Retail properties & Spaces
      3725 Montlimar Dr, Mobile, AL 36608
      View Details
    • Value Estimation by Request
      5.20 Acres

      6819 Old Shell Rd

      Multifamily properties
      6819 Old Shell Rd, Mobile, AL 36608
      View Details
    • Value Estimation by Request
      10.88 Acres

      Mobile, AL 36608

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      Mobile, AL 36608
      View Details

    Similar Nearby for Sale

    • $1,899,000
      5,131 SF

      Mobile, AL Retail Investment Opportunity

      High-traffic location, 5,220 SF auto retail space.
      751 Schillinger Rd, Mobile, AL 36608
      View Details
    • Contact for pricing
      4,847 SF

      Freestanding Restaurant on Airport Blvd

      Single-tenant, net-leased restaurant investment opportunity in a high-traffic location.
      4721 Airport Blvd, Mobile, AL 36608
      View Details
    • Contact for pricing

      Prime Commercial Land on Airport

      Over 8 acres with road frontage, commercial possibilities.
      12120 Airport Blvd, Mobile, AL 36608
      View Details
    • $250,000
      1,600 SF

      Mobile, AL Liquor & Smoke Shop Investment

      Thriving Mobile liquor & smoke shop, prime location.
      5803 Old Shell Road, Mobile, AL 36608
      View Details
    • Contact for pricing
      8,226 SF

      Red Lobster NNN Investment Opportunity

      NNN leased Red Lobster with long term corporate guarantee.
      3941 Airport Blvd, Mobile, AL 36608
      View Details
    • $495,000
      2,989 SF

      Prime Mobile Commercial Space

      Restaurant/Retail Opportunity near USA
      5456 Old Shell Rd, Mobile, AL 36608
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      3,465 SF

      Yester Oaks Shopping Center Space Available

      High-traffic Mobile, AL retail space for lease.
      3664 - 3674 Airport Blvd, Mobile, AL 36608
      View Details
    • $15 SF/Yr
      3,000 SF

      Freedom Plaza Retail Space Available

      Prime Mobile, AL retail space; 3,000 SF, NNN lease.
      7921 Tanner Williams Rd, Mobile, AL 36608
      View Details
    • $25 SF/Yr
      1,600 SF

      Prime Spring Hill Retail Space

      High-visibility retail space available now.
      4504 Old Shell Rd, Mobile, AL 36608
      View Details
    • $20 SF/Yr
      4,534 SF

      Hillcrest Plaza Retail Space Available

      Prime Mobile, AL retail space; high traffic, great visibility.
      6153 Airport Blvd, Mobile, AL 36608
      View Details
    • $23 SF/Yr
      2,500 SF

      Westwood Plaza Retail Space Available

      High-traffic retail space, ideal location.
      7765 Airport Blvd, Mobile, AL 36608
      View Details
    • $25 SF/Yr
      6,300 SF

      Dauphin Street Retail Space Available

      Class A retail space, high traffic, prime location.
      3704 Dauphin St, Mobile, AL 36608
      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.
    3968 Airport Blvd
    Mobile, AL 36608
    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
    3968 Airport Blvd, Mobile, AL, 36608
    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!