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

    2222 Dauphin Island Pkwy Mobile, AL 36605

    • Commercial land
    • 25,853 SF
    • 1.57 lot acres
    For Lease
    View listing
    $7 SF/Yr
    Value Estimations
    $825,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0610722
    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

    • Commercial land

    Property Details for 2222 Dauphin Island Pkwy

    Lot size
    1.57 lot acres
    Property size
    25,853 SF
    Property type
    Commercial land
    APN
    32 04 35 0 003 001.XXX
    APU
    3204350003001XXX

    Description

    This exceptional 2.5-acre commercial land parcel presents a unique investment opportunity on Dauphin Island Parkway in Mobile, Alabama. Boasting 108,900 square feet and 214 feet of frontage, this property enjoys a highly visible location just off Interstate 10, benefiting from significant traffic flow. Its strategic proximity to the anticipated expansion of the Downtown Mobile International Airport further enhances its potential. The site is zoned B-2, allowing for a variety of commercial uses. The property is currently available for ground lease, offering flexibility for either immediate occupancy or future development. Its advantageous position directly across from the Fulbrook Shopping Center provides immediate access to established businesses, including Checkers, Regions Bank, Port City Cleaners, Mobile Public Library, Metro Treatment of Alabama, Unique Touch Hair Bar, Candied Kreations, and Dynamic Pain and Wellness Center. The shopping center itself comprises 14,286 square feet of retail space and an additional 19,000 square feet of endcap space occupied by medical offices. Ample parking is available with 25+ spaces. The cross street is Old Military Road. This property offers a compelling opportunity for businesses seeking high visibility and convenient access to major transportation routes and a thriving retail environment. Don't miss this chance to secure a prime location in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,094,000
      Market price range: $1.09M - $3.58M
      AI Estimate
      $839,000
      Market price range: $840k - $3.67M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0907
    Latitude
    30.6291
    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
    $925
    $9,160
    $0.00
    $9,160
    -
    $45,800
    $0.00
    $45,800

    Comparable in this City

    • Value Estimation by Request
      0.84 Acres

      1588 Dublin St

      VACANT COMMERCIAL LAND • 0.84 Acres
      1588 Dublin St, Mobile, AL 36605-1714
      View Details
    • Value Estimation by Request
      0.11 Acres

      1709 Duval St

      VACANT COMMERCIAL LAND • 0.11 Acres
      1709 Duval St, Mobile, AL 36605-2012
      View Details
    • Value Estimation by Request
      10.00 Acres

      Alba Clb Rd

      VACANT COMMERCIAL LAND • 10.00 Acres
      Alba Clb Rd, Mobile, AL 36605
      View Details
    • Value Estimation by Request
      1.24 Acres

      1401 Windsor Ave

      VACANT COMMERCIAL LAND • 1.24 Acres
      1401 Windsor Ave, Mobile, AL 36605
      View Details
    • Value Estimation by Request
      0.17 Acres

      1215 Baltimore St

      VACANT COMMERCIAL LAND • 0.17 Acres
      1215 Baltimore St, Mobile, AL 36605-4764
      View Details
    • Value Estimation by Request
      1.47 Acres

      1617 Brill Rd

      VACANT COMMERCIAL LAND • 1.47 Acres
      1617 Brill Rd, Mobile, AL 36605-4010
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Land For Sale on Hamilton

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      Commercial Land on Dauphin Island

      0.81 acre commercial land parcel for sale.
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      40.342+/- acres of land for sale on Navco Road.
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    Similar Nearby for Lease

    • $6,000 /Mo
      88,000 SF

      Dauphin Island Parkway Commercial Land

      High-visibility Mobile, AL acreage near airport.
      2222 Dauphin Island Pkwy, Mobile, AL 36605
      View Details
    • $125,000
      93,654 SF

      Prime Mobile Commercial Land

      High-visibility land near Mobile Airport.
      S West Corner of i Dauphin Island Parkway, Mobile, AL 36605
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    • $0.68 SF/Yr
      261,360 SF

      Mobile, AL Industrial Laydown Yard

      Six-acre fenced yard, divisible, near I-10.
      0 Boykin Blvd, Mobile, AL 36605
      View Details
    • $0.68 SF/Yr

      Lay Down Yard For Lease

      6 +/- acre lay down yard with office available.
      1618 Boykin Blvd, Mobile, AL 36605
      View Details
    • $0.68 SF/Yr
      261,360 SF

      Mobile Laydown Yard - 6 Acres

      Prime Mobile, AL laydown yard; I-10 access.
      1618 Boykin Blvd, Mobile, AL 36605
      View Details
    • $7 SF/Yr
      108,900 SF

      Dauphin Island Parkway Land Lease

      High-visibility commercial land, prime location.
      2222 Dauphin Island Pkwy, Mobile, AL 36605
      View Details
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    Mobile, AL 36605
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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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