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    Property profile & analytics

    13790 Tram Ave Bayou La Batre, AL 36509-2034

    • Manufacturing properties
    • 12,356 SF
    • 8.50 lot acres
    OFF-MARKET
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-3119511
    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.

    Current Use by Public Records

    • Bayou Marine Products / Department Store
    • Palmer Foods / Take-out & Catering / Fish Market

    Property Details for 13790 Tram Ave

    Year built
    1972
    Lot size
    8.50 lot acres
    Property size
    12,356 SF
    Property type
    Manufacturing properties
    APN
    44 07 26 3 002 021.XXX
    APU
    4407263002021XXX

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $965,000
      6.5%
      $895,000
      7%
      $830,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $717,000
      Market price range: $225k - $718k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $890,000
      Current use
      COMMERCIAL (GENERAL)
      $1,095,000
      Change: +23% Conversion: Difficult
      WAREHOUSE, STORAGE
      $745,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bayou La Batre
    County
    Mobile
    State
    Alabama
    Longitude
    -88.255
    Latitude
    30.4043
    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
    $21,472
    $144,500
    $256,840
    $401,340
    -
    $722,500
    $1,284,200
    $2,006,700

    Comparable in this City

    • Value Estimation
      $1,220,000
      27,510 SF

      9225 Seafood House Rd

      MANUFACTURING (LIGHT) • 27,510 SF
      9225 Seafood House Rd, Bayou La Batre, AL 36509-2231
      View Details
    • Value Estimation
      $2,715,000
      29,328 SF

      13050 Wintzell Ave

      MANUFACTURING (LIGHT) • 29,328 SF
      13050 Wintzell Ave, Bayou La Batre, AL 36509-2110
      View Details
    • Value Estimation
      $635,000
      14,000 SF

      13750 Woodruff Ave

      MANUFACTURING (LIGHT) • 14,000 SF
      13750 Woodruff Ave, Bayou La Batre, AL 36509
      View Details
    • Value Estimation
      $865,000
      15,092 SF

      9175 Little Riv Rd

      MANUFACTURING (LIGHT) • 15,092 SF
      9175 Little Riv Rd, Bayou La Batre, AL 36509-2205
      View Details
    • Value Estimation by Request
      4,954 SF

      13856 Shell Belt Rd

      MANUFACTURING (LIGHT) • 4,954 SF
      13856 Shell Belt Rd, Bayou La Batre, AL 36509-2304
      View Details
    • Value Estimation
      $815,000
      12,510 SF

      13751 Woodruff Ave

      MANUFACTURING (LIGHT) • 12,510 SF
      13751 Woodruff Ave, Bayou La Batre, AL 36509-2581
      View Details

    Similar Nearby for Sale

    • $595,000
      1.89 Acres

      Bayou La Batre Waterfront Commercial Site

      Prime waterfront acreage, home, & outbuildings. Deep-water access.
      13725 Tram Ave, Bayou La Batre, AL 36509
      View Details
    • Contact for pricing
      3,200 SF

      Waterfront Industrial Land For Sale

      3.3 acres of waterfront industrial land with deep-water access.
      8840 Shell Belt Rd, Bayou La Batre, AL 36509
      View Details
    • $157,900
      22.40 Acres

      22.4 Acres Wooded Land

      Undeveloped land with potential for multi-family or subdivision development.
      Bryant Dr, Bayou La Batre, AL 36509
      View Details
    • $225,000
      1.86 Acres

      Prime Commercial Land on Highway

      High-visibility commercial land with road frontage near state docks.
      Wintzell Ave, Bayou La Batre, AL 36509
      View Details
    • $195,000

      Bayou La Batre Commercial Building

      4338 SF commercial building suitable for retail or office.
      13900 S Wintzell Ave, Bayou La Batre, AL 36509
      View Details
    • $85,000
      0.68 Acres

      Commercial Land in Bayou La Batre

      Cleared commercial land near state docks and Dauphin Island.
      Wintzell Ave, Bayou La Batre, AL 36509
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      2,156 SF

      Bayou La Batre Retail Space Available

      Prime 2,156 SF retail space in thriving shopping center.
      13286 Wintzell Ave, Bayou La Batre, AL 36509
      View Details
    • Contact for pricing
      4,798 SF

      Retail and Office Units Available

      Retail and office units for lease, ranging from 800-9,798 SF.
      14060 S Wintzell Ave, Bayou La Batre, AL 36509
      View Details
    • $6,000 /Mo
      156,535 SF

      Bayou La Batre Waterfront Industrial Land

      Prime 3.3-acre waterfront industrial site with dock.
      8840 Shell Belt Rd, Bayou La Batre, AL 36509
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space in Bayou La Batre

      Grocery-anchored retail property with spaces available for lease.
      13286 Wintzell Ave, Bayou La Batre, AL 36509
      View Details
    • $7 SF/Yr
      1,323 SF

      Bayou La Batre Retail Space Available

      Prime 1,323 SF retail space in thriving shopping center.
      13286 Wintzell Ave, Bayou La Batre, AL 36509
      View Details
    • $5 SF/Yr
      4,798 SF

      Bayou La Batre Retail/Office Space

      Prime Bayou La Batre location, 4,798 SF available.
      14060 S Wintzell Ave, Bayou La Batre, AL 36509
      View Details
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    13790 Tram Ave
    Bayou La Batre, AL 36509-2034
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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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