Sign Up Successful!
You now have access to more from Realmo!
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

    5644 3rd Notch Rd Mobile, AL 36619-1724

    • Commercial land
    • 0.45 lot acres
    OFF-MARKET
    Last Sale
    Apr 15, 2021
    $79,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0650464
    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

    • Commercial land

    Property Details for 5644 3rd Notch Rd

    Lot size
    0.45 lot acres
    Property type
    Commercial land
    APN
    33 05 22 3 000 089.XXX
    APU
    3305223000089XXX

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1724
    Latitude
    30.5896
    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
    $728
    $9,760
    $1,700
    $11,460
    -
    $48,800
    $8,500
    $57,300

    Comparable in this City

    • Value Estimation by Request

      4.5 Acres Schillinger Rd S of Three Notch

      4.5 Acres Schillinger Rd S of Three Notch
      4970 Schillinger Rd S, Mobile, AL 36619
      View Details
    • Value Estimation by Request

      68+ Acres with Visibility on I-10 For Sale

      68+ Acres with Visibility on I-10 For Sale
      0 Rangeline Road, Mobile, AL 36619
      View Details
    • Value Estimation by Request
      2.70 Acres

      5570 Todd Acres Dr

      VACANT COMMERCIAL LAND • 2.70 Acres
      5570 Todd Acres Dr, Mobile, AL 36619-9282
      View Details
    • Value Estimation by Request

      4930 Tufts Rd

      VACANT COMMERCIAL LAND
      4930 Tufts Rd, Mobile, AL 36619-8931
      View Details
    • Value Estimation by Request
      0.84 Acres

      4990 Rangeline Rd

      VACANT COMMERCIAL LAND • 0.84 Acres
      4990 Rangeline Rd, Mobile, AL 36619-9508
      View Details
    • Value Estimation by Request
      1.20 Acres

      4901 Fellowship Dr

      VACANT COMMERCIAL LAND • 1.20 Acres
      4901 Fellowship Dr, Mobile, AL 36619
      View Details

    Similar Nearby for Sale

    • $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
    • $289,000

      Land Near I-10 and I-65

      40-acre site near major transportation routes, suitable for warehouse.
      Hobart Rd, Mobile, AL 36619
      View Details
    • $1,650,000
      50.00 Acres

      Unimproved Land on Sollie Road

      Large unrestricted parcel suitable for subdivision or family compound.
      Sollie Rd, Mobile, AL 36619
      View Details
    • $449,000

      Commercial Land Near I-10

      Commercial land near I-10, accessible to major highways.
      5265 Travis Road Ext, Mobile, AL 36619
      View Details
    • Contact for pricing

      Prime Commercial Outparcels Available

      Two outparcels available near major retailers and I-10.
      4401 Rangeline Rd, Mobile, AL 36619
      View Details
    • $481,000
      4.91 Acres

      Commercial Land on Three Notch

      4.91 acre commercial land with road frontage and visibility.
      7365 Three Notch Rd, Mobile, AL 36619
      View Details

    Similar Nearby for Lease

    • $45,000
      8,364 SF

      Highway 90 West Commercial Land

      Prime Mobile, AL land; former restaurant site.
      5415 Highway 90 W, Mobile, AL 36619
      View Details
    • $3,000 /Mo
      465,668 SF

      Mobile, AL Industrial Land Opportunity

      10.24 Acres, Sale/Lease, Will Subdivide
      5991 Old Pascagoula Road, Mobile, AL 36619
      View Details
    • $17,500 /Mo
      174,240 SF

      Mobile Industrial Yard For Lease

      Prime Port Location, Flexible Acreage
      5627 Todd Acres Dr, Mobile, AL 36619
      View Details
    • $50,000

      Commercial Corner Land For Lease

      1.91 acre commercial corner lot available for lease.
      Highway 90, Theodore, AL 36619
      View Details
    • $15,000 /Mo
      181,210 SF

      Mobile Industrial Lot - Todd Acres Dr.

      4.1-acre lot, I-1 zoning, excellent location.
      5527 Todd Acres Dr, Mobile, AL 36619
      View Details
    • $15,510 /Mo
      209,524 SF

      Mobile Logistics Park Land Sublease

      4.74 Acres, Fully Improved Industrial Land
      4689 Colgate Dr, 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.
    5644 3rd Notch Rd
    Mobile, AL 36619-1724
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.