Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    569 Wilson Ave Prichard, AL 36610-3929
    Back to Search
    Property profile & analytics

    569 Wilson Ave, Prichard, AL 36610-3929

    View on Map
    • Warehouses
    • 5,910 SF
    • 0.58 lot acres
    Off-Market
    Property ID
    US03-0337957
    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

    • Warehouses

    Property Details for 569 Wilson Ave

    Year built
    1968
    Lot size
    0.58 lot acres
    Property type
    Warehouses
    APN
    29 02 44 0 006 528.001
    APU
    2902440006528001

    Description

    This exceptional 5,888 square foot auto shop, situated on a 0.582-acre corner lot in Prichard, Alabama, presents a lucrative investment opportunity. Built in 1960, this single-story building offers ample space for a variety of automotive uses, with potential for expansion or subdivision. The property is ideally located on a busy highway, ensuring high visibility and accessibility for customers. Priced at $250,000, the asking price translates to $42.46 per square foot. The property's single-tenancy status provides flexibility for owner-users seeking a substantial workspace or investors looking for a strong return. The existing structure, previously used as a tire shop, provides a solid foundation for continued automotive operations or adaptation to other compatible businesses. Its prime location in the heart of Prichard, Mobile County, Alabama (zip code 36610), offers excellent access to a large customer base. The address is 569 S Wilson Ave. This is a rare opportunity to acquire a well-positioned commercial property with significant potential for growth and profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Prichard
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0827
    Latitude
    30.7278
    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
    $617
    $5,080
    $4,960
    $10,040
    -
    $25,400
    $24,800
    $50,200

    Comparable in this City

    • Value Estimation
      $945,000
      13,824 SF

      101 Industrial Canal W Rd

      WAREHOUSE, STORAGE
      101 Industrial Canal W Rd, Mobile, AL 36610
      View Details
    • Value Estimation by Request
      7,303 SF

      1129 Telegraph Rd

      WAREHOUSE, STORAGE
      1129 Telegraph Rd, Mobile, AL 36610-1814
      View Details
    • Value Estimation by Request
      10,345 SF

      513 Stimrad Rd

      WAREHOUSE, STORAGE
      513 Stimrad Rd, Mobile, AL 36610-4133
      View Details
    • Value Estimation by Request
      5,078 SF

      1879 Conception St Rd

      WAREHOUSE, STORAGE
      1879 Conception St Rd, Mobile, AL 36610
      View Details
    • Value Estimation
      $3,770,000
      101,796 SF

      1700 Dr Martin L King Jr Dr, Unit B

      WAREHOUSE, STORAGE
      1700 Dr Martin L King Jr Dr, Mobile, AL 36610-1845
      View Details
    • Value Estimation by Request
      7,224 SF

      823 Dumaine Rd

      WAREHOUSE, STORAGE
      823 Dumaine Rd, Mobile, AL 36610-4715
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,624 SF

      Mobile Warehouse/Distribution Opportunity

      Tilt-up concrete warehouse/distribution facility near I-65 connector.
      214 Telegraph Rd, Mobile, AL 36610
      View Details
    • Contact for pricing

      Downtown Prichard Commercial Property

      Commercial property with open floorplan and gated yard.
      403 Wilson Ave S, Mobile, AL 36610
      View Details
    • Contact for pricing
      5,841 SF

      Warehouse with Potential Apartment Units

      Warehouse with apartment units and adjacent lot for sale.
      616 Martin Luther King Jr Dr, Prichard, AL 36610
      View Details
    • $125,000
      1,160 SF

      Prichard Office Building - Great Investment

      1,160 sq ft Office, 0.31 Acres
      1503 Telegraph Rd, Prichard, AL 36610
      View Details
    • Contact for pricing

      Wilson Avenue Commercial Property

      Commercial property on Wilson Avenue, ideal for food service.
      548 Wilson Ave, Mobile, AL 36610
      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.
    569 Wilson Ave
    Prichard, AL 36610-3929
    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

    Thank You for Inquiry
    569 Wilson Ave, Prichard, AL, 36610
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!