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    2350 Demetropolis Rd Mobile, AL 36693

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    2350 Demetropolis Rd Mobile, AL 36693

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    Property Details for 2350 Demetropolis Rd

    Property type
    Land
    Property subtype
    Residential land & home lots

    Description

    New Price on Multi-family land located on busy Demetropolis Rd. just south of Cottage Hill rd. Surrounded by single family subdivisions in one of the fastest growing areas of Mobile. R3 Zoning allows for appr. 12 units/ac. Good location and demographics for high rents. This property includes 3 parcels: Key #s: 3131408, 1511689, and 3131391.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    State
    Alabama
    Longitude
    -88.1571
    Latitude
    30.6372

    Comparable in this City

    • Value Estimation by Request

      3.82 Acres Land For Sale/Lease - Site at I-65 and I-10

      3.82 Acres Land For Sale/Lease - Site at I-65 and I-10
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    • Value Estimation by Request

      8.15 Acres Land Pending Sale - Government Blvd/Lakeside Dr Property

      8.15 Acres Land Pending Sale - Government Blvd/Lakeside Dr Property
      Hwy 90 Service Dr, Mobile, AL 36693
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    • Value Estimation by Request

      49,326 SF RANGELINE CROSSING OUT PARCELS AVAILABLE

      49,326 SF RANGELINE CROSSING OUT PARCELS AVAILABLE
      Rangeline Crossing, Mobile, AL 36693
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    • Value Estimation by Request

      2.44 Acres Hwy 90 and Demotropolis Corner for Sale

      2.44 Acres Hwy 90 and Demotropolis Corner for Sale
      4459 highway 90, Mobile, AL 36693
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    • Value Estimation by Request
      3.82 Acres

      I-65 Service Rd

      Land • 3.82 Acres
      I-65 Service Rd, Mobile, AL 36693
      View Details
    • Value Estimation by Request
      3.23 Acres

      3701 Demetropolis Rd

      Land • 3.23 Acres
      3701 Demetropolis Rd, Mobile, AL 36693
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      9.05 Acres Untapped Potential Mobile

      9.05 acres of wooded land in a desirable area.
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      Land For Sale Mobile

      Land available in Mobile, Alabama.
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    • $79,900
      4.50 Acres

      Land Near New Golf Course

      4.5 acres of land with many possibilities in Mobile.
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    • $79,900
      4.50 Acres

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    • $75,000
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      Residential Lot with Golf View

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      0.52 Acres

      Half-Acre Lot in West Mobile

      Spacious lot in established Rolling Acres subdivision, convenient West Mobile.
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    Similar Nearby for Lease

    • $150,000
      169,385 SF

      I-65 & I-10 Commercial Land

      High-traffic location, ideal for development.
      2060 West Interstate 65 Service Rd S, Mobile, AL 36693
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    • Contact for pricing

      Prime I-65 Frontage Land

      Ground lease available on high-traffic I-65 service road.
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    • $25 SF/Yr
      3,000 SF

      Mobile Retail Space - High Traffic Area

      Former Wendy's, 3000 sq ft, NNN Lease
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    • $12 SF/Yr
      5,173 SF

      Prime Mobile Office Space Available

      High-visibility office suite, ideal location.
      1540 West I-65 Service Road South, Mobile, AL 36693
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    • $9 SF/Yr
      4,636 SF

      Mobile Warehouse - Ideal Location

      Versatile warehouse space near I-65 & Mobile Airport.
      732 Lakeside Dr, Mobile, AL 36693
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    • $10 SF/Yr
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      Retail Space on Government Blvd

      Retail space available for lease on Government Boulevard.
      3747 Government Blvd, Mobile, AL 36693
      View Details
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    Mobile, AL 36693
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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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    2350 Demetropolis Rd , Mobile, AL, 36693
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