Technical
Financial
Distress signals
Property profile

401 Azalea Rd Mobile, AL 36609

OFF-MARKET
Banks
Property ID
US03-0734759
3,086 SF 0.6 ac lot Built 1983
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,139 square foot retail space, formerly a bank branch, presents a unique investment opportunity in Mobile, Alabama. Located at 401 Azalea Road, 36609, the property boasts excellent visibility and accessibility, situated on a 0.6-acre lot. The building is in great condition and features a convenient drive-thru, a significant advantage for quick-service restaurants (QSR) or similar businesses. Azalea Road experiences a high daily traffic count of 17,500 vehicles, ensuring substantial exposure for your business. Furthermore, the property benefits from its strategic location near the main retail corridor of Airport Boulevard, which sees a remarkable 53,800 vehicles daily. This prime location is surrounded by established national retailers and restaurants, creating a vibrant and thriving commercial environment. The single-tenant occupancy provides flexibility and control, making it an ideal space for a variety of businesses seeking a high-traffic, easily accessible location in a well-established commercial area of Mobile. The property's former use as a bank suggests a robust and well-maintained structure, ready for immediate occupancy and customization to suit your specific business needs.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1983
Total area 3,086 SF
Lot 0.6 ac (26,267 SF)
APN 28 07 26 2 000 066.001
UPID US03-0734759

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm

Location

401 Azalea Rd Mobile, AL 36609-1628
Mobile metro Census 3205 MOBILE, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2015
Last sale
$224,100
1 recorded transaction
2015
$220,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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