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    2396 Schillinger Rd Mobile, AL 36695
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    Property profile & analytics

    2396 Schillinger Rd, Mobile, AL 36695

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    • Investment properties
    • 3,652 SF
    • 1.19 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    1,874 SF Schillinger Rd Retail with Drive-Thru For Lease - Join Domino's For Lease
    $25 SF/Yr

    1,874 SF Schillinger Rd Retail with Drive-Thru For Lease - Join Domino's

    1,874 SF Schillinger Rd Retail with Drive-Thru For Lease - Join Domino's

    2396 Schillinger Rd, Mobile, AL 36695
    View Listing
    Property ID
    US03-2592306
    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

    • Domino's / Restaurant

    Property Details for 2396 Schillinger Rd

    Year built
    2020
    Construction
    FRAME
    Lot size
    1.19 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    34 01 01 1 000 023.001
    APU
    3401011000023001

    Description

    This exceptional retail property, located at 2396 Schillinger Rd S in Mobile, Alabama, presents a unique investment opportunity. The 3,600 square foot building, constructed in 2020, sits on a 1.19-acre lot and boasts a convenient drive-thru window, a significant advantage for food service or similar businesses. Currently, 1,874 square feet of space is available for lease within this Class B, single-story strip center. The property features ample parking with 35 spaces, ensuring convenient access for customers. Its prime location on Schillinger Rd S (23,613 vehicles per day) near the intersection of Cottage Hill Rd (23,666 vehicles per day) provides exceptional visibility and accessibility in the rapidly developing West Mobile area. The zoning is County, and the property is identified by APN 3401011000023001 in Mobile County. This space is ideal for a tenant seeking a build-out opportunity in a high-traffic location. The property offers a strong foundation for a thriving business, benefiting from its strategic placement and convenient amenities. The building is ready for immediate occupancy and customization to suit a variety of retail concepts. Don't miss this chance to secure a prominent retail presence in a flourishing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $810,000
      6.5%
      $750,000
      7%
      $695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $853,000
      Market price range: $242k - $853k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $550,000
      Current use
      RETAIL STORES
      $750,000
      Change: +36% Conversion: Easy
      MEDICAL BUILDING
      $705,000
      Change: +28% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.2253
    Latitude
    30.6413
    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
    $7,040
    $60,600
    $84,560
    $145,160
    -
    $303,000
    $422,800
    $725,800

    Comparable in this City

    • Value Estimation
      $800,000
      10,237 SF

      3450 Hillcrest Rd

      STORE/OFFICE (MIXED USE)
      3450 Hillcrest Rd, Mobile, AL 36695-3180
      View Details
    • Value Estimation
      $725,000
      7,344 SF

      1218 Hillcrest Rd

      STORE/OFFICE (MIXED USE)
      1218 Hillcrest Rd, Mobile, AL 36695-4022
      View Details
    • Value Estimation by Request
      1,730 SF

      1363 Hillcrest Rd

      STORE/OFFICE (MIXED USE)
      1363 Hillcrest Rd, Mobile, AL 36695-3925
      View Details
    • Value Estimation by Request
      5,178 SF

      8306 Cottage Hl Rd

      STORE/OFFICE (MIXED USE)
      8306 Cottage Hl Rd, Mobile, AL 36695-4954
      View Details
    • Value Estimation
      $625,000
      5,396 SF

      1010 Schillinger S Rd

      STORE/OFFICE (MIXED USE)
      1010 Schillinger S Rd, Mobile, AL 36695-8971
      View Details
    • Value Estimation
      $1,070,000
      7,712 SF

      1234 Hillcrest Rd

      STORE/OFFICE (MIXED USE)
      1234 Hillcrest Rd, Mobile, AL 36695-4024
      View Details

    Similar Nearby for Sale

    • $1,850,000
      74,052 SF

      Schillinger Road Commercial Land

      ±1.7-acre Mobile, AL commercial property. High traffic location.
      610 Schillinger Rd S, Mobile, AL 36695
      View Details
    • $1,395,000
      27,776 SF

      Prime West Mobile Office Building

      Spacious office building, ideal owner-occupant.
      1111 Hillcrest Rd, Mobile, Mobile, AL 36695
      View Details
    • $90,000
      40,000 SF

      Mobile Commercial Land Opportunity

      Prime .93-acre lot, ideal for development.
      7961 Glider Ave, Mobile, AL 36695
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      7930 Old Government Street Rd, Mobile, AL 36695
      View Details
    • Contact for pricing

      Cottage Hill Road Commercial Lot

      18+/- acre wooded lot with commercial potential.
      7140 Cottage Hill Rd, Mobile, AL 36695
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,630 SF

      Hillcrest Road Office Space Available

      Mobile, AL Office Suite - High Visibility
      885 Hillcrest Rd, Mobile, AL 36695
      View Details
    • Contact for pricing
      3,469 SF

      West Mobile First Floor Office

      First floor office space for lease in West Mobile.
      1111 Hillcrest Rd, Mobile, AL 36695
      View Details
    • Contact for pricing
      1,150 SF

      Retail Space in Hillwood Center

      Retail space available in Hillwood Shopping Center.
      2370 Hillcrest Rd, Mobile, AL 36695
      View Details
    • Contact for pricing

      Grelot Road Commercial Land Available

      Commercial land on Grelot Road, build-to-suit opportunity.
      6740 Grelot Rd, Mobile, AL 36695
      View Details
    • $3 SF/Yr
      172,498 SF

      Prime Mobile, AL Land for Lease

      Cottage Hill & McFarland redevelopment opportunity.
      9201 Cottage Hill Rd, Mobile, AL 36695
      View Details
    • $1,500 /Mo
      2,337 SF

      West Mobile Office & Warehouse Space

      Modern Office, Warehouse Space Available
      1146 Leroy Stevens Rd, Mobile, AL 36695
      View Details
    View Listing
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    2396 Schillinger Rd
    Mobile, AL 36695
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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.

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