Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1008 Oak St Mobile, AL 36604
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1008 Oak St Mobile, AL 36604

    View on Map
    • Retail properties & Spaces
    • 8,972 SF
    • 0.31 lot acres
    Off-Market
    Property ID
    US03-0534812
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1008 Oak St

    Year built
    1980
    Lot size
    0.31 lot acres
    Property size
    8,972 SF
    Property type
    Retail properties & Spaces
    APN
    29 06 40 0 009 034.01X
    APU
    290640000903401X

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0592
    Latitude
    30.6902
    CBSA code
    33660
    CBSA name
    MOBILE, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,917
    $5,360
    $23,780
    $29,140
    -
    $26,800
    $118,900
    $145,700

    Comparable in this City

    • Value Estimation by Request
      252 SF

      65 Lee St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 252 SF
      65 Lee St, Mobile, AL 36604
      View Details
    • Value Estimation by Request
      1,403 SF

      1301 Spg Hl Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,403 SF
      1301 Spg Hl Ave, Mobile, AL 36604-3202
      View Details
    • Value Estimation
      $1,720,000
      13,116 SF

      207 Catherine St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 13,116 SF
      207 Catherine St, Mobile, AL 36604-1504
      View Details
    • Value Estimation
      $720,000
      13,640 SF

      965 Spg Hl Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 13,640 SF
      965 Spg Hl Ave, Mobile, AL 36604-2721
      View Details
    • Value Estimation
      $620,000
      8,883 SF

      1204 Spg Hl Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,883 SF
      1204 Spg Hl Ave, Mobile, AL 36604-2718
      View Details
    • Value Estimation
      $1,435,000
      19,773 SF

      959 Spg Hl Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 19,773 SF
      959 Spg Hl Ave, Mobile, AL 36604-2721
      View Details

    Similar Nearby for Sale

    • $845,000
      5,220 SF

      Downtown Mobile Restaurant - Prime Location

      Historic BBQ Restaurant, Fully Equipped, 5,220 SF
      1111 Government St, Mobile, AL 36604
      View Details
    • Contact for pricing
      1,422 SF

      Freestanding NNN Sonic Restaurant

      Single-tenant QSR property with long-term lease and passive income.
      1461 Spring Hill Ave, Mobile, AL 36604
      View Details
    • $159,000

      Corner Commercial Property For Sale

      Highly visible commercial property with adaptable layout and modern updates.
      1401 Spring Hill Ave, Mobile, AL 36604
      View Details
    • Contact for pricing
      11,000 SF

      Midtown Mobile Retail/Office Opportunity

      Former Rite Aid on high-traffic corner, suitable for retail/office.
      150 S Ann St, Mobile, AL 36604
      View Details
    • $600,000
      2,666 SF

      Renovated High-Income Apartment Building

      Six-unit building with short-term and long-term rental income.
      1300 Illinois St, Mobile, AL 36604
      View Details
    • $715,000

      Midtown Mobile Ten-Unit Apartment Complex

      Updated ten-unit apartment complex near Downtown Mobile.
      302 Michigan Ave, Mobile, AL 36604
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      8,450 SF

      Mobile Medical Office Suite 202

      Prime Medical Office Space, Mobile, AL
      1509 Government St, Mobile, AL 36604
      View Details
    • $15 SF/Yr
      1,250 SF

      Midtown Location with Drive-Thru

      Midtown Mobile location suitable for office or retail with drive-thru.
      1054 Dauphin St, Mobile, AL 36604
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Midtown Mobile

      Retail and pad site opportunities in a neighborhood shopping center.
      1500 Government St, Mobile, AL 36604
      View Details
    • Contact for pricing

      Retail Space in Mobile, AL

      Retail space available in a vibrant Mobile, AL community.
      1550 Government St, Mobile, AL 36604
      View Details
    • Contact for pricing
      2,800 SF

      Midtown Mobile Retail Opportunity

      High-visibility commercial property in Midtown Mobile with excellent potential.
      2504 Old Shell Rd, Mobile, AL 36604
      View Details
    • $14 SF/Yr
      1,400 SF

      Retail Space on Spring Hill

      Retail space available in a busy Mobile strip center.
      1330 Spring Hill Ave, Mobile, AL 36604
      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.
    1008 Oak St
    Mobile, AL 36604
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!