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    3651 Government Blvd Mobile, AL 36693
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    3651 Government Blvd Mobile, AL 36693

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    • Commercial land
    For Sale
    $549,000
    View Listing →
    Prime Commercial Lot For Sale For Sale
    $549,000

    Prime Commercial Lot For Sale

    1.63-acre commercial lot with high visibility and accessibility.

    3651 Government Blvd, Mobile, AL 36693
    View Listing
    Property ID
    US03-0309357
    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

    • Commercial land

    Property Details for 3651 Government Blvd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Prime 1.63-Acre Lot for Sale or Lease at 3651 Government Blvd, Mobile – Unlock Your Business Potential! Seize this rare opportunity to own or lease a 1.63-acre prime commercial lot at 3651 Government Blvd, Mobile, AL, perfectly positioned for maximum exposure and growth! Now enhanced with a state-of-the-art, three-story, Class A, climate-controlled Life Storage facility , this property offers unmatched value and versatility for investors and business owners alike. Why This Property Stands Out Unbeatable Location : Strategically located just off I-65 , with direct access via the I-65 service road from Government Boulevard, ensuring seamless connectivity. Massive Visibility : Benefit from 85,000 AADT on I-65 and 24,572 AADT on Government Boulevard, guaranteeing your business gets noticed. Ready-to-Build : Fully cleared lot with all utilities in place , saving you time and costs for your next venture. Flexible Options : Available for sale or lease – lease terms are negotiable to suit your business needs! Endless Possibilities This expansive lot is a blank canvas for your vision. Ideal for: Hotel or Hospitality : Capitalize on high traffic and accessibility for travelers. Car Wash or Auto Services : High visibility makes it perfect for drive-in businesses. Retail or Restaurant : Attract customers with prime exposure and ample space. Mixed-Use Development : Combine commercial and storage for diversified revenue streams. Why Invest Now? Mobile’s booming economy and this lot’s proximity to major highways make it a can’t-miss opportunity for developers, entrepreneurs, and investors. The addition of the Life Storage facility enhances the property’s appeal, offering built-in infrastructure and income potential. 📞 Act Now! Contact us today to explore this prime lot and discuss flexible purchase or lease options. Don’t let this high-traffic, high-potential property pass you by! #MobileRealEstate #CommercialProperty #InvestmentOpportunity #ForSale #ForLease

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.126289
    Latitude
    30.648439

    Comparable in this City

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      6,320 SF office building with flexible floor plan.
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      Prime Commercial Lot on Girby

      High-visibility commercial land for sale at Girby and Knollwood.
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      Commercial land with high traffic exposure on Demetropolis Road.
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      Pad Ready Site For Sale

      Pad-ready site near I-65, ideal for retail or office.
      I-65 Service Road S, Mobile, AL 36693
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      Former Hospital Site Land

      Vacant land suitable for redevelopment near Highway 90.
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    Similar Nearby for Sale

    • $150,000
      1.00 Acre

      Land Near Mobile Sports Complex

      Acre lot with city utilities near new sports complex.
      Lane Ave Lee's, Mobile, AL 36693
      View Details
    • $375,000

      Office Building on 1.58 Acres

      6,320 SF office building with flexible floor plan.
      3512 Godwin Ct, Mobile, AL 36693
      View Details
    • $70,000
      0.91 Acres

      Prime Commercial Lot on Girby

      High-visibility commercial land for sale at Girby and Knollwood.
      5495 Girby Rd, Mobile, AL 36693
      View Details
    • Contact for pricing

      Commercial Land on Demetropolis Road

      Commercial land with high traffic exposure on Demetropolis Road.
      3701 Demetropolis Rd, Mobile, AL 36693
      View Details
    • Contact for pricing

      Pad Ready Site For Sale

      Pad-ready site near I-65, ideal for retail or office.
      I-65 Service Road S, Mobile, AL 36693
      View Details
    • Contact for pricing

      Former Hospital Site Land

      Vacant land suitable for redevelopment near Highway 90.
      3301 Knollwood Dr, Mobile, AL 36693
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime I-65 Frontage Land

      Ground lease available on high-traffic I-65 service road.
      2060 Service Road S, Mobile, AL 36693
      View Details
    • $150,000
      169,385 SF

      I-65 & I-10 Commercial Land

      High-traffic location, ideal for development.
      2060 West Interstate 65 Service Rd S, Mobile, AL 36693
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    • $25 SF/Yr
      3,000 SF

      Mobile Retail Space - High Traffic Area

      Former Wendy's, 3000 sq ft, NNN Lease
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    • $12 SF/Yr
      5,173 SF

      Prime Mobile Office Space Available

      High-visibility office suite, ideal location.
      1540 West I-65 Service Road South, Mobile, AL 36693
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    • $9 SF/Yr
      4,636 SF

      Mobile Warehouse - Ideal Location

      Versatile warehouse space near I-65 & Mobile Airport.
      732 Lakeside Dr, Mobile, AL 36693
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    • $10 SF/Yr
      6,750 SF

      Retail Space on Government Blvd

      Retail space available for lease on Government Boulevard.
      3747 Government Blvd, Mobile, AL 36693
      View Details
    View Listing
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    3651 Government Blvd
    Mobile, AL 36693
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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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