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

    4401 Rangeline Rd Mobile, AL 36619

    • Warehouses
    • 145,216 SF
    • 11.64 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0623857
    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

    • Installation Services / Contractor
    • Primo Water Exchange / Bottled Water Supplier
    • Lowe's ProServices / Building Materials Supplier
    • Lowe's Garden Center / Garden Center
    • Lowe's Home Improvement / Building Materials Supplier / Appliance Store

    Property Details for 4401 Rangeline Rd

    Year built
    2002
    Lot size
    11.64 lot acres
    Property size
    145,216 SF
    Property type
    Warehouses
    APN
    33 05 38 0 004 004.003
    APU
    3305380004004003

    Description

    This exceptional 5.08-acre commercial land parcel presents a remarkable investment opportunity in southwest Mobile, Alabama. Strategically located at 4401 Rangeline Rd, this property offers unparalleled visibility and accessibility. The site is divided into two outparcels, one measuring 2.48 acres and the other 2.60 acres, providing flexibility for various development scenarios. Its prime location boasts exceptional proximity to major retailers such as Lowe's, Walmart, Aldi, and Office Depot, ensuring high foot traffic and strong consumer demographics. The property benefits from multiple access points on both Rangeline Road and Government Boulevard, providing convenient ingress and egress for customers and employees. Furthermore, its location offers easy access to Interstate 10, a major transportation artery, enhancing its regional appeal. High daily traffic counts of 22,356 vehicles on Rangeline Road and 21,097 on Government Boulevard underscore the significant potential for businesses seeking high visibility and customer reach. This site is ideally suited for a diverse range of commercial uses, including retail establishments, restaurants, office/medical facilities, and automotive businesses. The property is located in Mobile County, Alabama, with a zip code of 36619. This is a rare opportunity to acquire a sizable, well-located commercial land parcel in a thriving retail corridor. Don't miss this chance to capitalize on the significant growth potential of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $695,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1644
    Latitude
    30.5993
    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
    $110,485
    $518,160
    $1,566,720
    $2,084,880
    -
    $2,590,800
    $7,833,600
    $10,424,400

    Comparable in this City

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    • Value Estimation
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    Similar Nearby for Sale

    • $1,250,000

      Office/Warehouse with Large Yard

      11,407 SF office/warehouse on 2.3 acres near I-10.
      5975 Rangeline Rd, Theodore, AL 36619
      View Details
    • $2,450,000
      20,655 SF

      Industrial Office Warehouse on Acres

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    • $901,692
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      Mobile Industrial Land - $901K

      9.1-acre industrial lot, prime location.
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    • $980,000
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      I-10 Frontage Commercial Land

      7.5-acre vacant land, prime I-10 location.
      0 Coca Cola Rd, Mobile, AL 36619
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    • $266,000
      5,921 SF

      Former Mini Storage Facility

      Former mini storage facility with offices and studio apartments/office spaces.
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      4.91 Acres, High Visibility, Mobile, AL
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    Similar Nearby for Lease

    • $8 SF/Yr
      5,000 SF

      Rangeline Road Industrial Property

      Mobile, AL Flex Space - 5,000 SF
      4946 Tufts Rd, Mobile, AL 36619
      View Details
    • $9 SF/Yr
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      Spacious Mobile warehouse, ideal for various uses.
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      View Details
    • $12 SF/Yr
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      Mobile Commerce Park Flex Space

      25,000 SF Industrial Warehouse/Office For Lease
      Commerce Blvd, Mobile, AL 36619
      View Details
    • $12 SF/Yr
      25,000 SF

      Industrial Warehouse/Office Space Available

      Up to 25,000 SF industrial warehouse/office space for lease.
      5672 W Commerce Blvd, Mobile, AL 36619
      View Details
    • $8 SF/Yr
      5,000 SF

      Mobile Industrial Space For Lease

      5,000 SF Office/Warehouse in Mobile, AL
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      View Details
    • $7 SF/Yr
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      Mobile Commerce Park Warehouse Space

      49,000 SF Flex Space - Immediate Occupancy!
      5600 Commerce Blvd E, Mobile, AL 36619
      View Details
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    Mobile, AL 36619
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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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