Property profile

5530 3rd Notch Rd Mobile, AL 36619

OFF-MARKET
Other investment properties
Property ID
US03-0641230
16,023 SF 2.55 ac lot Built 2000
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a commercial land site measuring approximately 60,000 square feet, located directly adjacent to a CEFCO Convenience Store. It is situated south of the signalized intersection of Schillinger Road and Three Notch Road and provides a direct access curb cut onto Schillinger Road as well as cross access to Three Notch Road. The site benefits from proximity to Interstate 10, approximately 2.4 miles from Exit 13. The property’s frontage area is associated with approved, funded roadway improvements to expand Schillinger Road to five lanes from I-10 to Cottage Hill Road.

Property profile

Verified
Property type Other investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2000
Total area 16,023 SF
Lot 2.55 ac (111,122 SF)
APN 33 05 22 3 000 085.001
UPID US03-0641230

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
  • (Bike/Boat/Book/etc) Store
  • Pharmacy
  • Atm
  • Pharmacy
  • Pharmacy

Location

5530 3rd Notch Rd Mobile, AL 36619-1714
Mobile metro Census 6802 MOBILE, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.46M
CAP Approach CAP
$3.28M
Comparable Approach Comparable
$4.16M
Blend (final) Blend
$4.53M

Owner & transaction history

since 2022
Last sale
$3.9M
2 recorded transactions
2022
Price N/A
2022
$3.9M

Zoning & alternative use

Top alternative use upside
Retail stores $3.3M +24.3%
Restaurant $3.2M +20.8%
Medical building $3.1M +16.8%

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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