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    3900 College S Ln Mobile, AL 36608-1232
    Property profile & analytics

    3900 College S Ln Mobile, AL 36608-1232

    View on Map
    • Investment properties
    • 923 SF
    Off-Market
    Property ID
    US03-0475636
    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

    • Mirror Lake Racquet Club / Tutoring Service / Sports School

    Property Details for 3900 College S Ln

    Year built
    1971
    Construction
    FRAME
    Property size
    923 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    28 06 37 3 000 025.01X
    APU
    280637300002501X

    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
    -88.1321
    Latitude
    30.6917
    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
    $0.00
    $0.00
    $98,240
    $98,240
    -
    $0.00
    $491,200
    $491,200

    Comparable in this City

    • Value Estimation
      $810,000
      7,775 SF

      3851 Airport Blvd

      STORE/OFFICE (MIXED USE) • 7,775 SF
      3851 Airport Blvd, Mobile, AL 36608-1689
      View Details
    • Value Estimation
      $600,000
      15,146 SF

      4658 Airport Blvd

      STORE/OFFICE (MIXED USE) • 15,146 SF
      4658 Airport Blvd, Mobile, AL 36608-3166
      View Details
    • Value Estimation
      $950,000
      7,017 SF

      7450 Airport Blvd

      STORE/OFFICE (MIXED USE) • 7,017 SF
      7450 Airport Blvd, Mobile, AL 36608-4582
      View Details
    • Value Estimation by Request
      103,702 SF

      3930 Airport Blvd

      STORE/OFFICE (MIXED USE) • 103,702 SF
      3930 Airport Blvd, Mobile, AL 36608-1692
      View Details
    • Value Estimation
      $1,975,000
      8,262 SF

      65 Cody S Rd

      STORE/OFFICE (MIXED USE) • 8,262 SF
      65 Cody S Rd, Mobile, AL 36608-4518
      View Details
    • Value Estimation
      $705,000
      14,718 SF

      4851 Old Shell Rd

      STORE/OFFICE (MIXED USE) • 14,718 SF
      4851 Old Shell Rd, Mobile, AL 36608-2339
      View Details

    Similar Nearby for Sale

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      Mobile, AL Liquor & Smoke Shop Investment

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      Mobile, AL Retail Investment Opportunity

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      Airport Blvd Retail Building

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      Mobile Warehouse - $250k

      Spacious warehouse, ideal for owner-occupancy or investment.
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    • $589,367
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      Mobile, AL Commercial Land - 9 Acres

      Prime 9-acre Mobile, AL commercial tract. Owner financing options available.
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      Prime Mobile Commercial Land

      Airport Blvd. lot, build-to-suit options.
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    Similar Nearby for Lease

    • $25 SF/Yr
      1,600 SF

      Spring Hill Retail Space - Lease Now

      High-visibility retail space, ideal location.
      4504 Old Shell Rd, Mobile, AL 36608
      View Details
    • $11 SF/Yr
      900 SF

      West Mobile Office Suite E For Lease

      900 sq ft office, great West Mobile location.
      207 Tanner Williams Ct, Mobile, AL 36608
      View Details
    • $20 SF/Yr
      1,069 SF

      West Mobile Office Suite Available

      Modern 1069 SF Office, Great Location
      4682 Airport Blvd, Mobile, AL 36608
      View Details
    • $17 SF/Yr
      2,805 SF

      Mobile Office Space Available

      2805 sq ft office, NNN lease, available April 1st.
      4630 Bit And Spur Rd, Mobile, AL 36608
      View Details
    • $22 SF/Yr
      2,562 SF

      Historic Mobile Office Space For Lease

      Prime location, 2562 sq ft, flexible lease.
      3703 Old Shell Rd, Mobile, AL 36608
      View Details
    • $125,000
      25,264 SF

      Mobile Commercial Land Lease Opportunity

      High-traffic location, 0.58 acres, $125,000 annually.
      10 N University Blvd, Mobile, AL 36608
      View Details
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    Mobile, AL 36608-1232
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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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