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    5600 Commerce Blvd E Mobile, AL 36619
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    5600 Commerce Blvd E Mobile, AL 36619

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    • Warehouses
    • 25,726 SF
    • 2.34 lot acres
    For Lease
    $7 SF/Yr
    View Listing →
    49,000 SF Office/Showroom/Warehouse For Lease, Move-in Ready! For Lease
    $7 SF/Yr

    49,000 SF Office/Showroom/Warehouse For Lease, Move-in Ready!

    49,000 SF Office/Showroom/Warehouse For Lease, Move-in Ready!

    5600 Commerce Blvd E, Mobile, AL 36619
    View Listing
    Property ID
    US03-0741305
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Conde Systems Inc / Industrial Manufacturer / Production Facility

    Property Details for 5600 Commerce Blvd E

    Year built
    1998
    Lot size
    2.34 lot acres
    Property size
    25,726 SF
    Property type
    Warehouses
    APN
    33 07 35 1 000 001.015
    APU
    3307351000001015

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,445,000
      6.5%
      $2,255,000
      7%
      $2,095,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,521,000
      Market price range: $999k - $2.55M
      AI Estimate
      $1,685,000
      Market price range: $472k - $1.69M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,635,000
      Current use
      OFFICE BUILDING
      $2,805,000
      Change: +71% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1422
    Latitude
    30.5743
    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
    $32,650
    $18,140
    $488,000
    $506,140
    -
    $90,700
    $2,440,000
    $2,530,700

    Comparable in this City

    • Value Estimation
      $9,840,000
      117,000 SF

      5300 Coca Cola Rd

      WAREHOUSE, STORAGE • 117,000 SF
      5300 Coca Cola Rd, Mobile, AL 36619-1922
      View Details
    • Value Estimation by Request
      5,229 SF

      5000 Whitworth Rd

      WAREHOUSE, STORAGE • 5,229 SF
      5000 Whitworth Rd, Mobile, AL 36619-2112
      View Details
    • Value Estimation
      $3,195,000
      72,497 SF

      4301 Crown Dr

      WAREHOUSE, STORAGE • 72,497 SF
      4301 Crown Dr, Mobile, AL 36619-9553
      View Details
    • Value Estimation by Request
      1,506 SF

      7725th 3rd Notch Rd

      MINI-WAREHOUSE, STORAGE • 1,506 SF
      7725th 3rd Notch Rd, Mobile, AL 36619-1128
      View Details
    • Value Estimation by Request
      2,495 SF

      5130 Travis Rd

      WAREHOUSE, STORAGE • 2,495 SF
      5130 Travis Rd, Mobile, AL 36619-9103
      View Details
    • Value Estimation by Request
      4,100 SF

      5672 Jackson Rd

      MINI-WAREHOUSE, STORAGE • 4,100 SF
      5672 Jackson Rd, Mobile, AL 36619-3909
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property with Storage Space

      Versatile retail property with office and storage space available.
      5450 Highway 90 W, Mobile, AL 36619
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      9,000 SF

      Well-Secured Industrial Building For Sale

      Industrial building with a long-term tenant and freeway access.
      4684 Shipyard 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.
      5672 Jackson Rd, Mobile, AL 36619
      View Details
    • $195,000

      Former Mini Storage Business

      Former mini storage business in Tillmans Corner, ready for makeover.
      5672 Jackson Rd, Mobile, AL 36619
      View Details
    • $525,000
      10.50 Acres

      10.5 Acres Theodore, AL Land

      Prime corner lot, high-traffic intersection, development potential.
      6041 Old Pascagoula Rd, Theodore, AL 36619
      View Details
    • Contact for pricing

      Industrial Land Near I-10 Interchange

      Industrial land with immediate access to major transportation routes.
      4450 Cypress Park Dr, Mobile, AL 36619
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    Similar Nearby for Lease

    • $8 SF/Yr
      5,000 SF

      Mobile Industrial Space For Lease

      5,000 SF Office/Warehouse in Mobile, AL
      4946 Tufts Rd, Mobile, AL 36619
      View Details
    • Contact for pricing
      225,580 SF

      Commerce Boulevard Warehouse Facility

      222,580 SF warehouse with convenient transit access.
      4505 Commerce Blvd South, 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

      Flex Space with Roll-Up Door

      Flex space with warehouse and office, convenient location.
      4946 Tufts Rd, Mobile, AL 36619
      View Details
    • $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
    • $12 SF/Yr
      25,000 SF

      Mobile Commerce Park Flex Space

      25,000 SF Industrial Warehouse/Office For Lease
      Commerce Blvd, Mobile, AL 36619
      View Details
    View Listing
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    5600 Commerce Blvd E
    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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