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    Property profile & analytics

    3210 Zimlich Ave Mobile, AL 36608

    • Commercial real estate
    • 0.88 lot acres
    For Sale
    View listing
    $650,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0150091
    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 real estate

    Property Details for 3210 Zimlich Ave

    Lot size
    0.88 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.88-acre commercial land parcel presents a unique investment opportunity in Mobile, Alabama. Strategically located on the West I-65 Service Road at the corner of Zimlich Avenue, just south of Old Shell Road, this property boasts unparalleled visibility and accessibility. Zoned LB-2, it's ideally suited for a variety of commercial uses, including banking, office space, or medical facilities. The high-traffic location ensures significant exposure to a large customer base, making it an attractive proposition for businesses seeking a prominent presence. The property's proximity to I-65 provides easy access for commuters and clients. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area. The asking price is $650,000. Furthermore, the seller is open to cooperation with other brokers. Adjacent parcels are also available, offering potential for expansion or development of a larger-scale project. This prime location offers significant potential for substantial return on investment. Don't miss this chance to secure a piece of Mobile's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.125136
    Latitude
    30.697715

    Comparable in this City

    • $499,000

      Mobile Airport Commercial Land

      9 Acres, Development-Ready, High Visibility
      0 Airport Blvd, Mobile, AL 36608
      View Details
    • $850,000

      Airport Blvd Commercial Land

      Prime Mobile, AL Retail Lot
      7400 Airport Blvd, Mobile, AL 36608
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    • $236,250
      35.00 Acres

      35-Acre Mobile County Land

      Prime residential development land near Airport Blvd.
      100 Dykes Rd, Mobile, AL 36608
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    • $32,000
      3.30 Acres

      Undeveloped Land in West Mobile

      3.3 acres of land in the Glen Acres area.
      Riley St, Mobile, AL 36608
      View Details
    • $5,700,000

      38 Acres in West Mobile

      Unzoned 38-acre tract in West Mobile near airport.
      8561 Airport Blvd, Mobile, AL 36608
      View Details
    • Contact for pricing
      0.17 Acres

      Residential Lots in Mobile, AL

      Corner property near Schillinger Rd. Ideal for building or rental.
      7650 Avenue C, Mobile, AL 36608
      View Details

    Similar Nearby for Sale

    • $499,000

      Mobile Airport Commercial Land

      9 Acres, Development-Ready, High Visibility
      0 Airport Blvd, Mobile, AL 36608
      View Details
    • $850,000

      Airport Blvd Commercial Land

      Prime Mobile, AL Retail Lot
      7400 Airport Blvd, Mobile, AL 36608
      View Details
    • $236,250
      35.00 Acres

      35-Acre Mobile County Land

      Prime residential development land near Airport Blvd.
      100 Dykes Rd, Mobile, AL 36608
      View Details
    • $32,000
      3.30 Acres

      Undeveloped Land in West Mobile

      3.3 acres of land in the Glen Acres area.
      Riley St, Mobile, AL 36608
      View Details
    • $5,700,000

      38 Acres in West Mobile

      Unzoned 38-acre tract in West Mobile near airport.
      8561 Airport Blvd, Mobile, AL 36608
      View Details
    • Contact for pricing
      0.17 Acres

      Residential Lots in Mobile, AL

      Corner property near Schillinger Rd. Ideal for building or rental.
      7650 Avenue C, Mobile, AL 36608
      View Details

    Similar Nearby for Lease

    • $50,000
      50,007 SF

      Prime Mobile, AL Land Lease Opportunity

      1.39-acre lot, high-traffic location.
      5559 Old Shell Rd, Mobile, AL 36608
      View Details
    • $0.83 SF/Yr

      Prime Mobile Retail Land

      1.39 Acres, High-Traffic Location
      5559 Old Shell Rd, Mobile, AL 36608
      View Details
    • $125,000

      Land for Lease in Mobile

      3.3 acres of land available for lease.
      Snow Rd, Mobile, AL 36608
      View Details
    • $25,000
      239,580 SF

      Airport Blvd Commercial Land

      Prime 5.5-acre commercial lot near Mobile Regional Airport.
      0 Airport Blvd, Mobile, AL 36608
      View Details
    • $11 SF/Yr
      4,500 SF

      Ambassador Plaza Outparcel Land

      Mobile, AL Retail Land - High Traffic
      312 Schillinger Rd, Mobile, AL 36608
      View Details
    • $125,000
      238,941 SF

      Prime Mobile, AL Land - Airport Access

      5.5 acres, high-traffic location, near Mobile Regional Airport.
      Airport Boulevard, Mobile, AL 36608
      View Details
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    3210 Zimlich Ave
    Mobile, AL 36608
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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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