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    Property profile & analytics

    550 Bel Air Blvd Mobile, AL 36606

    • Banks
    • 2,749 SF
    • 0.51 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Last Sale
    May 14, 2020
    $142,500
    Value Estimations
    $185,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0381106
    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

    • Splash-N-Go Hand Car Wash / Car Wash
    • SELECT LUXURY LLC / Car Dealer
    • Wells Fargo ATM / Atm
    • Cars Plus Mobile / Auto Repair Shop / Car Detailing Service

    Property Details for 550 Bel Air Blvd

    Year built
    1989
    Lot size
    0.51 lot acres
    Property size
    2,749 SF
    Property type
    Banks
    APN
    29 09 30 2 000 022.002
    APU
    2909302000022002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $185,000
      ML approach
      $190,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $185,000
      Market price range: $177k - $275k

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1184
    Latitude
    30.6702
    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
    $5,960
    $56,180
    $35,940
    $92,120
    -
    $280,900
    $179,700
    $460,600

    Comparable in this City

    • Value Estimation
      $360,000
      6,203 SF

      1950 Government St

      FINANCIAL BUILDING • 6,203 SF
      1950 Government St, Mobile, AL 36606-1634
      View Details
    • Value Estimation
      $485,000
      9,986 SF

      3001 Airport Blvd

      FINANCIAL BUILDING • 9,986 SF
      3001 Airport Blvd, Mobile, AL 36606-3632
      View Details
    • Value Estimation
      $395,000
      3,995 SF

      3042 Dauphin St

      FINANCIAL BUILDING • 3,995 SF
      3042 Dauphin St, Mobile, AL 36606-4041
      View Details
    • Value Estimation
      $570,000
      11,593 SF

      3150 Airport Blvd

      FINANCIAL BUILDING • 11,593 SF
      3150 Airport Blvd, Mobile, AL 36606-3803
      View Details
    • Value Estimation
      $300,000
      2,589 SF

      3290 Dauphin St

      FINANCIAL BUILDING • 2,589 SF
      3290 Dauphin St, Mobile, AL 36606-4062
      View Details
    • Value Estimation
      $285,000
      4,434 SF

      3254 Dauphin St

      FINANCIAL BUILDING • 4,434 SF
      3254 Dauphin St, Mobile, AL 36606-4002
      View Details

    Similar Nearby for Sale

    • $650,000
      5,496 SF

      Airport Blvd. Retail Investment

      High-traffic Mobile, AL retail space.
      2375 Airport Blvd, Mobile, AL 36606
      View Details
    • $149,900
      2,472 SF

      Government Street Retail Opportunity

      Prime Mobile, AL retail space - sale or lease.
      2206 Government St, Mobile, AL 36606
      View Details
    • $795,000
      4,300 SF

      Retail Property on Dauphin Street

      Retail property for sale with redevelopment potential in Mobile, Alabama.
      3165 Dauphin St, Mobile, AL 36606
      View Details
    • $299,000
      0.17 Acres

      Commercial Building on D.I.P.

      Commercial building on high-traffic D.I.P. with parking.
      458 Dauphin Island Pkwy, Mobile, AL 36606
      View Details
    • New
      $199,000
      0.19 Acres

      Mobile, AL Business Opportunity

      Property suitable for business, office, or retail in Mobile, AL.
      2104 Government St, Mobile, AL 36606
      View Details
    • $300,000
      6,487 SF

      Dauphin Island Parkway Retail Space

      Mobile, AL Freestanding Retail Building
      717 Dauphin Island Pkwy, Mobile, AL 36606
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      2,459 SF

      Former Bank Branch Available

      2,459 SF former bank branch with drive-thru capability.
      550 Bel Air Blvd, Mobile, AL 36606
      View Details
    • $16 SF/Yr
      1,200 SF

      Dauphin Street Retail Space Available

      High-traffic Mobile, AL retail space.
      3170 Dauphin St, Mobile, AL 36606
      View Details
    • $18 SF/Yr
      4,000 SF

      Shoppes of Springdale Retail Space

      High-traffic retail space, I-65 visibility.
      171 E I-65 Service Rd, Mobile, AL 36606
      View Details
    • $6 SF/Yr
      6,487 SF

      Dauphin Island Parkway Retail Space

      Prime Mobile, AL Retail Opportunity
      717 Dauphin Island Pkwy, Mobile, AL 36606
      View Details
    • $2,800 /Mo
      1,600 SF

      Fenced Property with Ample Parking

      Fenced property with showroom, offices, kitchen, sheds, and parking.
      607 Holcombe Ave, Mobile, AL 36606
      View Details
    • $12 SF/Yr
      15,074 SF

      Dauphin Street Retail Space Available

      High-traffic retail space in Mobile, AL.
      3170 Dauphin St, Mobile, AL 36606
      View Details
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    550 Bel Air Blvd
    Mobile, AL 36606
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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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