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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1627 Lott Rd Eight Mile, AL 36613-3807

    • Investment properties
    • 10,348 SF
    • 2.02 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0399033
    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

    • Western Union / Money Transfer Service / Money Order Service
    • Dollar General / Grocery Store / Dollar Store

    Property Details for 1627 Lott Rd

    Year built
    1999
    Lot size
    2.02 lot acres
    Property size
    10,348 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    23 06 24 4 000 056.XXX
    APU
    2306244000056XXX

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Eight Mile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1302
    Latitude
    30.7645
    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
    $8,322
    $20,240
    $115,080
    $135,320
    -
    $101,200
    $575,400
    $676,600

    Comparable in this City

    • Value Estimation
      $255,000
      10,761 SF

      6150 Lott Rd

      STORE/OFFICE (MIXED USE) • 10,761 SF
      6150 Lott Rd, Eight Mile, AL 36613-9711
      View Details
    • Value Estimation
      $360,000
      7,871 SF

      4409 Saint Stephens Rd

      STORE/OFFICE (MIXED USE) • 7,871 SF
      4409 Saint Stephens Rd, Eight Mile, AL 36613-3506
      View Details
    • Value Estimation
      $270,000
      10,521 SF

      4545 Saint Stephens Rd

      STORE/OFFICE (MIXED USE) • 10,521 SF
      4545 Saint Stephens Rd, Eight Mile, AL 36613-3563
      View Details
    • Value Estimation
      $265,000
      2,774 SF

      4331 Lott Rd

      STORE/OFFICE (MIXED USE) • 2,774 SF
      4331 Lott Rd, Eight Mile, AL 36613
      View Details
    • Value Estimation
      $160,000
      7,506 SF

      4707 Saint Stephens Rd

      STORE/OFFICE (MIXED USE) • 7,506 SF
      4707 Saint Stephens Rd, Eight Mile, AL 36613-3512
      View Details
    • Value Estimation
      $3,010,000
      13,928 SF

      4530 Saint Stephens Rd

      STORE/OFFICE (MIXED USE) • 13,928 SF
      4530 Saint Stephens Rd, Eight Mile, AL 36613-3509
      View Details

    Similar Nearby for Sale

    • $450,000
      2,764 SF

      Eight Mile Commercial Land Investment

      High-visibility, unrestricted 2.29-acre lot.
      6125 Spice Pond Rd, Eight Mile, AL 36613
      View Details
    • Contact for pricing
      0.72 Acres

      Residential Lot in Established Neighborhood

      Residential lot in Eight Mile, AL, ideal for building a home.
      Richard Ln, Eight Mile, AL 36613
      View Details
    • Contact for pricing
      0.54 Acres

      Residential Lot in Established Neighborhood

      Corner lot in established neighborhood, ideal for building a new home.
      Richard Ln, Eight Mile, AL 36613
      View Details
    • $450,000
      2.28 Acres

      Prime Commercial Property, Eight Mile

      2.28-acre commercial property with high visibility and easy access.
      6125 Spice Pond Rd, Eight Mile, AL 36613
      View Details
    • Contact for pricing
      1.10 Acres

      Residential Land in Eight Mile

      Affordable building lot in Summertree Estates, Semmes/Eight Mile Area.
      Richard Ln, Eight Mile, AL 36613
      View Details
    • $340,000
      3.23 Acres

      Prime Mobile, AL Commercial Land

      High-visibility lot, ideal for business development.
      3825 Lott Rd, Eight Mile, AL 36613
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      1,200 SF

      Grocery Anchored Shopping Center Space

      Established shopping center with retail space for lease.
      4731 Saint Stephens Rd, Prichard, AL 36613
      View Details
    • Contact for pricing
      62,400 SF

      Saraland Retail Space Available

      Publix-anchored storefront in Saraland, AL.
      21 Shell St, Saraland, AL 36613
      View Details
    • $8 SF/Yr
      12,240 SF

      Eight Mile Shopping Center - Prichard, AL

      Grocery-anchored retail space available. High-traffic location.
      4739 St Stephens Rd, Prichard, AL 36613
      View Details
    • $2,300 /Mo
      1,964 SF

      Prime Eight Mile Office Space

      High-visibility corner lot office, 1964 sq ft.
      4546 Saint Stephens Rd, Eight Mile, AL 36613
      View Details
    • $8 SF/Yr
      6,554 SF

      Office/Warehouse Building Near I-10

      Office and warehouse space for lease near Tillman's Corner.
      5771 Industrial Pkwy N, Theodore, AL 36613
      View Details
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    1627 Lott Rd
    Eight Mile, AL 36613-3807
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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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