Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5405 Hwy 90th W Mobile, AL 36619-4219

    • Drive through restaurants
    • 2,320 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    Oct 13, 2021
    $667,500
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0628342
    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

    • Drive through restaurants

    Property Details for 5405 Hwy 90th W

    Year built
    1991
    Lot size
    0.57 lot acres
    Property size
    2,320 SF
    Property type
    Drive through restaurants
    APN
    33 05 22 3 000 103.XXX
    APU
    3305223000103XXX

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $840,000
      ML approach
      $820,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $549,000
      Market price range: $166k - $796k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $465,000
      Current use
      RETAIL STORES
      $475,000
      Change: +3% Conversion: Easy
      MEDICAL BUILDING
      $450,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1689
    Latitude
    30.59
    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
    $8,610
    $44,560
    $89,080
    $133,640
    -
    $222,800
    $445,400
    $668,200

    Comparable in this City

    • Value Estimation by Request
      3,178 SF

      5466 Inn Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,178 SF
      5466 Inn Rd, Mobile, AL 36619-1953
      View Details
    • Value Estimation by Request
      3,632 SF

      5380 Hwy 90th W

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,632 SF
      5380 Hwy 90th W, Mobile, AL 36619-4204
      View Details
    • Value Estimation
      $515,000
      4,744 SF

      5437 Hwy 90th W

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,744 SF
      5437 Hwy 90th W, Mobile, AL 36619-4211
      View Details
    • Value Estimation by Request
      1,796 SF

      5446 Hwy 90th W

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,796 SF
      5446 Hwy 90th W, Mobile, AL 36619-4212
      View Details
    • Value Estimation by Request
      2,630 SF

      5392 Hwy 90th W

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,630 SF
      5392 Hwy 90th W, Mobile, AL 36619-4206
      View Details
    • Value Estimation by Request
      3,653 SF

      5151 Rangeline Service N Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,653 SF
      5151 Rangeline Service N Rd, Mobile, AL 36619-9572
      View Details

    Similar Nearby for Sale

    • New
      $600,000
      0.64 Acres

      Prime Commercial Land Opportunity

      Corner lot zoned B3, ideal for retail or restaurant.
      4410 Rangeline Rd, Mobile, AL 36619
      View Details
    • Contact for pricing

      Retail Outparcels For Sale

      Retail outparcels available near major retailers and I-10.
      Mobile, AL 36619
      View Details
    • $995,000
      6,441 SF

      Tillman's Corner Restaurant - Sale/Lease

      Prime Restaurant Space: Sale or Lease, High Traffic Location
      5470 Inn Rd, Mobile, AL 36619
      View Details
    • $980,000
      7.50 Acres

      I-10 Frontage Commercial Land

      7.5-acre vacant land, prime I-10 location.
      0 Coca Cola Rd, Mobile, AL 36619
      View Details
    • $481,000
      4.91 Acres

      Commercial Land on Three Notch

      4.91 acre commercial land with road frontage.
      7365 Three Notch Rd, Mobile, AL 36619
      View Details
    • $178,000
      10.62 Acres

      Land on Leroy Stevens Road

      Residential land for a dream home in West Mobile.
      Leroy Stevens Rd, Mobile, AL 36619
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,650 SF

      Retail Space with Drive-Up Window

      End-cap retail space with drive-up window, West Mobile location.
      4880 Lakeland Dr, Mobile, AL 36619
      View Details
    • $8,000 /Mo
      5,636 SF

      Turnkey Restaurant Opportunity in Mobile, AL

      High-traffic location, 5,636 sq ft, NNN lease.
      5470 Inn Rd, Mobile, AL 36619
      View Details
    • $8 SF/Yr
      1,400 SF

      1,400 SF Retail Space in Mobile, AL

      High-traffic retail space in established shopping center.
      5441 US-90, Mobile, AL 36619
      View Details
    • $7 SF/Yr
      49,000 SF

      Move-in Ready Office/Showroom/Warehouse Building

      49,000 SF office, showroom, and warehouse space for rent.
      5600 Commerce Blvd E, Mobile, AL 36619
      View Details
    • Contact for pricing
      20,898 SF

      Retail Building on Highway 90

      20,970 SF retail building with high visibility and accessibility.
      5300 Highway 90 Service Rd, Mobile, AL 36619
      View Details
    • $1,500 /Mo
      1,250 SF

      Mobile Office/Retail Space for Lease

      1250 sq ft, prime Mobile location. Great for your business!
      5675 Three Notch Rd, Mobile, AL 36619
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5405 Hwy 90th W
    Mobile, AL 36619-4219
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!