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

    261 Schillinger S Rd Mobile, AL 36608-5018

    • Retail space
    • 6,300 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimations
    $1,115,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0847099
    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

    • O'Reilly Auto Parts / Auto Parts Store

    Property Details for 261 Schillinger S Rd

    Year built
    2001
    Lot size
    0.80 lot acres
    Property size
    6,300 SF
    Property type
    Retail space
    APN
    28 04 19 2 000 028.002
    APU
    2804192000028002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,390,000
      6.5%
      $1,285,000
      7%
      $1,190,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $988,000
      Market price range: $260k - $988k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,295,000
      Current use
      RESTAURANT
      $1,260,000
      Change: -3% Conversion: Easy
      MEDICAL BUILDING
      $1,215,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.225
    Latitude
    30.6848
    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
    $12,249
    $111,360
    $81,540
    $192,900
    -
    $556,800
    $407,700
    $964,500

    Comparable in this City

    • Value Estimation
      $525,000
      6,120 SF

      4616 Spg Hl Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,120 SF
      4616 Spg Hl Ave, Mobile, AL 36608-5722
      View Details
    • Value Estimation
      $1,085,000
      7,625 SF

      6133 Old Shell Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,625 SF
      6133 Old Shell Rd, Mobile, AL 36608-3203
      View Details
    • Value Estimation
      $1,035,000
      8,000 SF

      302 Schillinger N Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      302 Schillinger N Rd, Mobile, AL 36608-4724
      View Details
    • Value Estimation by Request
      2,380 SF

      10071 Airport Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,380 SF
      10071 Airport Blvd, Mobile, AL 36608-9527
      View Details
    • Value Estimation by Request
      42,440 SF

      740 Museum Dr

      Lifestyle centers • 42,440 SF
      740 Museum Dr, Mobile, AL 36608
      View Details
    • Value Estimation
      $710,000
      4,680 SF

      6153 Airport Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,680 SF
      6153 Airport Blvd, Mobile, AL 36608-3159
      View Details

    Similar Nearby for Sale

    • $699,000
      10,343 SF

      Zeigler Schillinger Retail/Office Opportunity

      Retail or office space on Zeigler and Schillinger Roads.
      790 Schillinger Rd N, Mobile, AL 36608
      View Details
    • $2,051,500
      5,600 SF

      Upscale Retail/Office Condo on Dauphin

      Class A building ideal for retail or professional office use.
      3704 Dauphin St, Mobile, AL 36608
      View Details
    • $250,000
      1,600 SF

      Mobile, AL Liquor & Smoke Shop Investment

      Thriving Mobile liquor & smoke shop, prime location.
      5803 Old Shell Road, Mobile, AL 36608
      View Details
    • $2,900,000
      10,000 SF

      Schillinger Road Car Lot Investment

      West Mobile car lot, high traffic, redevelopment potential.
      90 Schillinger Rd N, Mobile, AL 36608
      View Details
    • $1,899,000
      5,131 SF

      Mobile, AL Retail Investment Opportunity

      High-traffic location, 5,220 SF auto retail space.
      751 Schillinger Rd, Mobile, AL 36608
      View Details
    • $495,000
      2,989 SF

      Prime Mobile Commercial Space

      Restaurant/Retail Opportunity near USA
      5456 Old Shell Rd, Mobile, AL 36608
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,100 SF

      Retail Space on Springhill Avenue

      End-cap retail space with high visibility and affluent neighborhood.
      4625 Spring Hill Ave, Mobile, AL 36608
      View Details
    • $15 SF/Yr
      2,280 SF

      Airport Blvd Commercial Space Available

      Office, medical, or retail space on Mobile's busiest corridor.
      4742 Airport Blvd, Mobile, AL 36608
      View Details
    • $15 SF/Yr
      1,200 SF

      Retail Space in Shopping Center

      Neighborhood shopping center with a former boutique space available.
      6347 Airport Blvd, Mobile, AL 36608
      View Details
    • $15 SF/Yr
      2,078 SF

      Retail Building on Airport Blvd

      2,078 SF retail building for lease on Airport Blvd.
      7850 Airport Blvd, Mobile, AL 36608
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Airport Boulevard

      Inline retail space available on a hard corner.
      7080 Airport Blvd, Mobile, AL 36608
      View Details
    • $25 SF/Yr
      2,400 SF

      Upscale Retail Space in Mobile

      Retail space in upscale shopping center near medical facilities.
      9 Du Rhu Dr, Mobile, AL 36608
      View Details
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    261 Schillinger S Rd
    Mobile, AL 36608-5018
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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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