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

    3622 Moffett Rd Mobile, AL 36618-1251

    • Investment properties
    • 2,134 SF
    • 0.30 lot acres
    OFF-MARKET
    Last Sale
    Mar 17, 2021
    $122,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0612750
    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

    • Tarpon Club / Cocktail Bar

    Property Details for 3622 Moffett Rd

    Year built
    1987
    Lot size
    0.30 lot acres
    Property size
    2,134 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    28 01 12 4 000 035.XXX
    APU
    2801124000035XXX

    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
    -88.125
    Latitude
    30.7093
    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
    $1,527
    $6,800
    $16,220
    $23,020
    -
    $34,000
    $81,100
    $115,100

    Comparable in this City

    • Value Estimation by Request
      2,141 SF

      4915 Moffett Rd

      STORE/OFFICE (MIXED USE) • 2,141 SF
      4915 Moffett Rd, Mobile, AL 36618-2205
      View Details
    • Value Estimation by Request
      1,642 SF

      4420 Moffett Rd

      STORE/OFFICE (MIXED USE) • 1,642 SF
      4420 Moffett Rd, Mobile, AL 36618-1721
      View Details
    • Value Estimation by Request
      1,652 SF

      3832 Moffett Rd

      STORE/OFFICE (MIXED USE) • 1,652 SF
      3832 Moffett Rd, Mobile, AL 36618-1210
      View Details
    • Value Estimation by Request
      8,529 SF

      7231 Moffett Rd

      STORE/OFFICE (MIXED USE) • 8,529 SF
      7231 Moffett Rd, Mobile, AL 36618-4143
      View Details
    • Value Estimation
      $665,000
      5,507 SF

      5021 Moffett Rd

      STORE/OFFICE (MIXED USE) • 5,507 SF
      5021 Moffett Rd, Mobile, AL 36618-2207
      View Details
    • Value Estimation by Request
      1,230 SF

      5105 Overlook Rd

      STORE/OFFICE (MIXED USE) • 1,230 SF
      5105 Overlook Rd, Mobile, AL 36618-2324
      View Details

    Similar Nearby for Sale

    • $950,000
      9,132 SF

      Moffett Road Investment Opportunity

      Commercial property with long-term tenant in high-traffic Mobile corridor.
      6901 Moffett Rd, Mobile, AL 36618
      View Details
    • $425,000
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      Moffett Road Commercial Building

      6,500 SF building, 0.62 acres, Mobile, AL.
      5123 Moffett Rd, Mobile, AL 36618
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    • $145,000
      1,576 SF

      Mobile Office Building: Prime Location

      Spacious 3-office building, ideal for small business.
      4917 Overlook Rd, Mobile, AL 36618
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    • $270,000
      4,382 SF

      Moffett Road Retail Building

      Prime Mobile location, 4,000 SF, $270,000
      3728 Moffett Rd, Mobile, AL 36618
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    • $90,000
      1.44 Acres

      Mobile Commercial Land - $90K

      High-traffic corner lot, excellent visibility.
      6670 Moffett Rd, Mobile, AL 36618
      View Details
    • $559,000
      6,500 SF

      Auto Shop on Moffett Road

      Two-building auto shop with office on 1.4 acres.
      7010 Moffett Rd, Mobile, AL 36618
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    Similar Nearby for Lease

    • $7 SF/Yr
      7,200 SF

      Freestanding Retail Building For Rent

      Open floor plan retail building with high traffic visibility.
      6850 Moffett Rd, Mobile, AL 36618
      View Details
    • $8 SF/Yr
      1,000 SF

      Retail Space on Moffett Road

      Retail space for lease on heavily-traveled Moffett Road.
      4805 Moffett Rd, Mobile, AL 36618
      View Details
    • $7 SF/Yr
      24,343 SF

      Mobile Retail Center - Redevelopment Opportunity

      High-traffic location, flexible lease terms.
      5301 Moffett Rd, Mobile, AL 36618
      View Details
    • $10 SF/Yr
      1,000 SF

      Moffett Road Retail Space Available

      High-traffic Mobile, AL retail space.
      4805 Moffett Road, Mobile, AL 36618
      View Details
    • $6,025 /Mo
      9,038 SF

      Moffett Road Industrial Space

      Mobile, AL industrial property: sale/lease.
      4110 Moffett Rd, Mobile, AL 36618
      View Details
    • $425 /Mo
      4,147 SF

      Mixed-Use Property with Office Suites

      Mixed-use property featuring retail and office spaces for lease.
      5300 Overlook Rd, Mobile, AL 36618
      View Details
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    3622 Moffett Rd
    Mobile, AL 36618-1251
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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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