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

    4027 Airport Blvd Mobile, AL 36608

    • Investment properties
    • 15,135 SF
    • 1.28 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0831491
    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

    • LensCrafters / Sunglasses Store / Optometrist
    • Advance America / Money Order Service / Money Transfer Service
    • MoneyGram / Money Transfer Service
    • Friendly Eyes Optometry / Optometrist / Eye Care Center

    Property Details for 4027 Airport Blvd

    Year built
    1986
    Lot size
    1.28 lot acres
    Property size
    15,135 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    28 07 26 2 000 003.03X
    APU
    280726200000303X

    Description

    This Mobile, Alabama retail space, located at 4027 Airport Blvd, offers 2,100 square feet of immediately available space in a 15,000 square foot strip center. The property features a recently updated exterior, providing excellent visibility and curb appeal. Large storefront windows maximize natural light and enhance the space's appeal. The convenient location on Airport Boulevard, just west of the intersection of McGregor Avenue and Azalea Road, ensures high traffic volume and easy access for customers. The property boasts ample parking for both tenants and customers, along with multiple signage opportunities to increase brand visibility. The space is easily accessible with convenient ingress and egress. This location benefits from proximity to a variety of established national and local retailers, including LensCrafters, Elwood Staffing, Fresh Market, Haverty's, PetSmart, BAM!, Michael's, and TJ Maxx, creating a strong retail environment and attracting a high volume of foot traffic. While currently a single 2,100 square foot space, there is an adjacent suite of equal size that could be combined to accommodate a larger tenant's needs. This presents a unique opportunity for businesses seeking high visibility and a prime location in a thriving retail corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,506,000
      Market price range: $873k - $2.32M
      AI Estimate
      $1,090,000
      Market price range: $561k - $1.63M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,440,000
      Current use
      INDUSTRIAL (GENERAL)
      $2,135,000
      Change: +48% Conversion: Moderate
      OFFICE BUILDING
      $1,650,000
      Change: +15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1517
    Latitude
    30.6753
    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
    $11,702
    $100,120
    $190,660
    $290,780
    -
    $500,600
    $953,300
    $1,453,900

    Comparable in this City

    • Value Estimation by Request
      2,303 SF

      301 Cody N Rd

      STORE/OFFICE (MIXED USE) • 2,303 SF
      301 Cody N Rd, Mobile, AL 36608-4670
      View Details
    • Value Estimation by Request
      2,549 SF

      6553 Zeigler Blvd

      STORE/OFFICE (MIXED USE) • 2,549 SF
      6553 Zeigler Blvd, Mobile, AL 36608-5644
      View Details
    • Value Estimation
      $8,005,000
      51,615 SF

      4366 Old Shell Rd

      STORE/OFFICE (MIXED USE) • 51,615 SF
      4366 Old Shell Rd, Mobile, AL 36608-2011
      View Details
    • Value Estimation
      $4,100,000
      26,432 SF

      7721 Airport Blvd

      STORE/OFFICE (MIXED USE) • 26,432 SF
      7721 Airport Blvd, Mobile, AL 36608-5052
      View Details
    • Value Estimation by Request
      4,758 SF

      9170 Airport Blvd

      STORE/OFFICE (MIXED USE) • 4,758 SF
      9170 Airport Blvd, Mobile, AL 36608-9549
      View Details
    • Value Estimation
      $2,245,000
      20,536 SF

      6920 Airport Blvd

      STORE/OFFICE (MIXED USE) • 20,536 SF
      6920 Airport Blvd, Mobile, AL 36608-6771
      View Details

    Similar Nearby for Sale

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    • $784,000
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    Similar Nearby for Lease

    • $25 SF/Yr
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      Spring Hill Retail Space - Lease Now

      High-visibility retail space, ideal location.
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      View Details
    • $22 SF/Yr
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      Historic Mobile Office Space For Lease

      Prime location, 2562 sq ft, flexible lease.
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    • $17 SF/Yr
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      Mobile Office Space Available

      2805 sq ft office, NNN lease, available April 1st.
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    • $11 SF/Yr
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      West Mobile Office Suite E For Lease

      900 sq ft office, great West Mobile location.
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    • $20 SF/Yr
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      West Mobile Office Suite Available

      Modern 1069 SF Office, Great Location
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    • $14 SF/Yr
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      Plaza De Malaga Executive Suites

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      View Details
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    4027 Airport Blvd
    Mobile, AL 36608
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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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