Property profile

1550 Schillinger N Rd Semmes, AL 36575

OFF-MARKET
Retail properties & Spaces
Property ID
US03-2967902
3,720 SF 0.44 ac lot Built 1980
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,720 square foot commercial building presents a remarkable investment opportunity in Semmes, Alabama. Located on a highly visible 0.58-acre corner lot at 1550 Schillinger Road N, this property boasts 93 feet of frontage on the well-traveled Schillinger Road North, just 0.7 miles south of the new Publix. The building, formerly used as a machine/equipment shop and currently utilized for storage, offers significant potential for redevelopment. Features include upgraded Phase III power/electrical systems, a convenient roll-up door, and upgraded plumbing, making it suitable for a variety of commercial uses, including office space or retail. The property's strategic location is surrounded by burgeoning residential, shopping, and commercial developments, promising substantial future growth and increased value. This is an exceptional chance to capitalize on a prime location and a versatile building. The existing structure and all improvements are sold "as is," with no warranties expressed or implied. This property is ready for your vision and entrepreneurial spirit. Don't miss this chance to secure a piece of Semmes's thriving commercial landscape.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1980
Total area 3,720 SF
Lot 0.44 ac (19,297 SF)
APN 28 03 06 3 000 004.03X
UPID US03-2967902

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1550 Schillinger N Rd Semmes, AL 36575-7406
Semmes metro Census 3410 MOBILE, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2016
6 recorded transactions
2016
$139,000
2015
$134,100
2015
$100,000
2010
$9,500
2010
$21,000
2010
$21,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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