Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2751 Halls Mill Rd Mobile, AL 36605

    • Retail properties
    • 3,468 SF
    • 0.67 lot acres
    For Sale
    View listing
    $325,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0768797
    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

    • Cornerstone Building Center / Construction Company
    • Homes-R-Us / Builder

    Property Details for 2751 Halls Mill Rd

    Year built
    1990
    Lot size
    0.67 lot acres
    Property size
    3,468 SF
    Property type
    Retail properties
    APN
    29 09 51 0 011 187.XXX
    APU
    2909510011187XXX

    Description

    This exceptional 3,100 square foot industrial property, located at 2751 Halls Mill Road in Mobile, Alabama, presents a unique owner-user investment opportunity. The single-story, Class C building features a blend of office and warehouse space, ideal for a variety of uses. The flexible layout includes multiple offices, a conference room, kitchen, two restrooms, a reception area, and a large open area suitable for cubicles or a meeting room. The building boasts a metal exterior with a brick facade, enhancing its curb appeal. Beyond the main structure, the property encompasses a substantial 32,457 square foot lot, complete with a fenced yard and a covered storage area, providing ample space for outdoor operations or equipment storage. The B2 zoning allows for diverse business applications, making it suitable for office space, service contractors, or even a daycare center. Priced at $325,000, this property offers a compelling price per square foot of $104.84, representing a strong value in the Mobile market. The property's strategic location just east of McVay on Halls Mill Road ensures excellent visibility and accessibility. This is a rare opportunity to acquire a versatile industrial property with significant potential in a desirable location. Don't miss out on this chance to own a piece of Mobile's thriving commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $210,000
      Market price range: $148k - $321k
      AI Estimate
      $288,000
      Market price range: $161k - $491k

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $235,000
      Current use
      COMMERCIAL (GENERAL)
      $385,000
      Change: +66% Conversion: Difficult
      OFFICE BUILDING
      $260,000
      Change: +12% Conversion: Difficult
      WAREHOUSE, STORAGE
      $220,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1064
    Latitude
    30.6508
    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
    $2,086
    $4,380
    $26,000
    $30,380
    -
    $21,900
    $130,000
    $151,900

    Comparable in this City

    • Value Estimation by Request
      0.70 Acres

      I-65 Highway 90

      Retail properties • 0.70 Acres
      I-65 Highway 90, Mobile, AL 36606
      View Details
    • Value Estimation
      $280,000
      720 SF

      2852 Yeager Ct

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 720 SF
      2852 Yeager Ct, Mobile, AL 36606
      View Details
    • Value Estimation
      $235,000
      3,894 SF

      2243 Halls Ml Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,894 SF
      2243 Halls Ml Rd, Mobile, AL 36606-4601
      View Details
    • Value Estimation
      $265,000
      5,040 SF

      3221 International Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,040 SF
      3221 International Dr, Mobile, AL 36606-3004
      View Details
    • Value Estimation
      $315,000
      2,106 SF

      550 Houston St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,106 SF
      550 Houston St, Mobile, AL 36606-4340
      View Details
    • Value Estimation
      $305,000
      912 SF

      1818 Dublin St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 912 SF
      1818 Dublin St, Mobile, AL 36606-4302
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.08 Acres

      Bel Air Outparcel: 1.08 Acres

      High-visibility retail land, I-65 & Airport Blvd.
      3299 Airport Blvd, Mobile, AL 36606
      View Details
    • $50,000
      2,175 SF

      Mobile Commercial Property: 0.17 Acres

      Prime Mobile, AL redevelopment opportunity.
      654 holcombe avenue, Mobile, AL 36606
      View Details
    • $189,500
      17,860 SF

      Prime Mobile Commercial Property

      Versatile 17,860 SF building, ideal for multiple uses.
      2528 Government Blvd, Mobile, AL 36606
      View Details
    • $350,000
      3,145 SF

      Prime Mobile Commercial Space

      3,145 SF Freestanding Building, 0.18 Acres
      2104 Government St, Mobile, AL 36606
      View Details
    • $300,000
      6,487 SF

      Dauphin Island Parkway Retail Space

      Mobile, AL Freestanding Retail Building
      717 Dauphin Island Pkwy, Mobile, AL 36606
      View Details
    • $359,000
      1,872 SF

      Midtown Mobile Office Building

      Prime Midtown location, 1,872 SF office/retail space.
      2408 Government St, Mobile, AL 36606
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,200 SF

      Dauphin Street Retail Space Available

      High-traffic Mobile, AL retail space.
      3170 Dauphin St, Mobile, AL 36606
      View Details
    • $18 SF/Yr
      4,000 SF

      Shoppes of Springdale Retail Space

      High-traffic retail space, I-65 visibility.
      171 E I-65 Service Rd, Mobile, AL 36606
      View Details
    • Contact for pricing
      580,000 SF

      3250 Airport Blvd

      Retail properties • 580,000 SF
      3250 Airport Blvd, Mobile, AL 36606
      View Details
    • Contact for pricing
      199,148 SF

      Shoppes at Bel Air Big Box Space

      Prime Retail Space, High Traffic Area
      3400 Joe Treadwell Dr, Mobile, AL 36606
      View Details
    • $17 SF/Yr
      1,248 SF

      Midtown Mobile Retail Space Available

      High-visibility retail space in thriving Midtown.
      3081 Dauphin St, Mobile, AL 36606
      View Details
    • $1,500 /Mo

      Prime Mobile Retail Space

      High-traffic location, ample parking. Ideal for restaurant or retail.
      2206 Government St, Mobile, AL 36606
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2751 Halls Mill Rd
    Mobile, AL 36605
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.