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    Property profile & analytics

    3920 Cottage Hill Rd Mobile, AL 36609

    • Investment properties
    • 6,119 SF
    • 0.78 lot acres
    For Sale
    View listing
    $699,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-3074260
    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

    • Investment properties

    Property Details for 3920 Cottage Hill Rd

    Year built
    2010
    Lot size
    0.78 lot acres
    Property size
    6,119 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    28 07 36 3 000 002.XXX
    APU
    2807363000002XXX

    Description

    This exceptional 6,119 square foot retail property, situated on a 0.78-acre lot at 3920 Cottage Hill Road in Mobile, Alabama, presents a unique investment opportunity. Currently operating as a thriving event center, the building boasts convenient access from both Cottage Hill Road and Azalea Road, ensuring high visibility and easy accessibility for patrons. A significant advantage is the inclusion of a drive-in warehouse door, adding versatility and functionality to the space. The ample parking available further enhances the property's appeal, accommodating a large number of vehicles. The property's current use as an event center demonstrates its suitability for a variety of functions, making it an attractive prospect for both established businesses and new ventures. The location in Mobile, Alabama, offers access to a robust local market and strong potential for growth. The asking price of $699,000 reflects the property's significant value and potential return on investment. This is a rare opportunity to acquire a well-located, versatile commercial property with established operations and significant upside. The property's size, features, and location combine to create a compelling investment opportunity in a thriving market. Serious inquiries are encouraged.

    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
    -88.1388
    Latitude
    30.6539
    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
    $7,049
    $23,680
    $84,660
    $108,340
    -
    $118,400
    $423,300
    $541,700

    Comparable in this City

    • Value Estimation
      $7,995,000
      78,871 SF

      6300 Grelot Rd

      STORE/OFFICE (MIXED USE) • 78,871 SF
      6300 Grelot Rd, Mobile, AL 36609-3602
      View Details
    • Value Estimation
      $1,000,000
      18,424 SF

      602 Azalea Rd

      STORE/OFFICE (MIXED USE) • 18,424 SF
      602 Azalea Rd, Mobile, AL 36609-1528
      View Details
    • Value Estimation
      $735,000
      8,251 SF

      676 University Blvd

      STORE/OFFICE (MIXED USE) • 8,251 SF
      676 University Blvd, Mobile, AL 36609-7866
      View Details
    • Value Estimation
      $5,735,000
      55,417 SF

      258 Azalea Rd

      STORE/OFFICE (MIXED USE) • 55,417 SF
      258 Azalea Rd, Mobile, AL 36609-1902
      View Details
    • Value Estimation by Request
      3,904 SF

      3957 Cresthaven Rd

      STORE/OFFICE (MIXED USE) • 3,904 SF
      3957 Cresthaven Rd, Mobile, AL 36609-2392
      View Details
    • Value Estimation by Request
      3,130 SF

      468 Azalea Rd

      STORE/OFFICE (MIXED USE) • 3,130 SF
      468 Azalea Rd, Mobile, AL 36609-1653
      View Details

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    Similar Nearby for Lease

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    • $10 SF/Yr
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      Cottage Hill Retail Space Available

      Large retail space, ideal for various uses. High-traffic location.
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      View Details
    • $15 SF/Yr
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      Cottage Hill Retail Space Available

      1200 sq ft retail space, Mobile, AL. Great location!
      5035 Cottage Hill Rd, Mobile, AL 36609
      View Details
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    3920 Cottage Hill Rd
    Mobile, AL 36609
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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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