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    2060 West Interstate 65 Service Rd S Mobile, AL 36693

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    2060 West Interstate 65 Service Rd S Mobile, AL 36693

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    • Land
    For Sale
    $1,500,000
    View Listing →
    3.82 Acres Land For Sale/Lease - Site at I-65 and I-10 For Sale
    $1,500,000
    169,385 SF

    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

    2060 West Interstate 65 Service Rd S, Mobile, AL 36693
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2060 West Interstate 65 Service Rd S

    Property type
    Land
    Property subtype
    Commercial land

    Description

    Pad Ready Site with Excellent Visibility on I-65 very close to I-10. The site is near the new soccer complex and across from COSTCO . The County's new regional soccer tournament facility is just South on Halls Mill Road and is producing even higher traffic counts from out of town citizens and locals participating in the many events. The county and city just approved funding to build an Aquatics Center next to the soccer fields, creating the Mobile County Sportsplex. This portion of I-65 is known to grab peoples attention with sites of Hank Aaron Stadium, shopping, dining, car dealerships, and an occasional glimpses of downtown Mobile’s Horizon. It is surrounded by a variety of retail, dining, grocery, and car dealerships in one of Mobile’s busiest shopping regions. Owner also willing to sell adjoining parcel, for a total of +/-22.3 acres.

    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
    -88.1759
    Latitude
    30.6436

    Comparable in this City

    • Value Estimation by Request

      49,326 SF RANGELINE CROSSING OUT PARCELS AVAILABLE

      49,326 SF RANGELINE CROSSING OUT PARCELS AVAILABLE
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      View Details
    • 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

      12.5 Acres Apartment Land For Sale

      12.5 Acres Apartment Land For Sale
      2350 Demetropolis Rd, 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

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      9.05 acres of wooded land in a desirable area.
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      Residential Land in Muir Woods

      Residential lot in a desirable, convenient Mobile, AL subdivision.
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      4.25 acres of waterfront land near upcoming golf course.
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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
      View Details
    • Contact for pricing

      Prime I-65 Frontage Land

      Ground lease available on high-traffic I-65 service road.
      2060 Service Road S, Mobile, AL 36693
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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.
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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.

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