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    Property profile & analytics

    602 Azalea Rd Mobile, AL 36609

    • Investment properties
    • 18,424 SF
    • 0.84 lot acres
    For Sale
    View listing
    $1,100,000
    Value Estimation
    Last Sale
    Aug 08, 2024
    $1,000,000
    Location Intelligence
    Property ID
    US03-0484201
    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

    • FLC Living / Property Management Company
    • Sonny Callahan & Associates / Business Management Consultant
    • Not Just Dorms / Bedding Store

    Property Details for 602 Azalea Rd

    Year built
    1987
    Lot size
    0.84 lot acres
    Property size
    18,424 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    28 07 35 1 002 077.003
    APU
    2807351002077003

    Description

    This exceptional 17,985-square-foot retail/warehouse property in Mobile, Alabama, presents a significant investment opportunity. Located at 602 Azalea Rd, 36609, this single-story, 1987-built building sits on a 1.26-acre lot and boasts ±240 feet of frontage on Azalea Road, a high-traffic area with 13,628 vehicles per day (2022 data). The property is zoned B3 and features a ±8,062 square foot retail space divisible into four storefronts, each with its own restrooms and access. The adjacent ±9,923 square foot warehouse includes two 12-foot ground-level roll-up doors, 14-foot eave height, and a 20-foot center height. Currently vacant, this REO property offers immense potential for various uses, including office, retail, or warehouse operations. The asking price is $1,100,000, translating to $61.16 per square foot. This prime location and versatile space make it an ideal investment for savvy buyers seeking high-return potential in a thriving Mobile market. The property's size and configuration offer flexibility for a variety of business models. Don't miss this chance to acquire a substantial commercial property in a high-demand area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $995,000
      6.5%
      $960,000
      7%
      $1,135,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,055,000
      Geo Method
      $1,060,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,075,000
      Retail
      $1,100,000
      Mixed-Use
      $1,015,000
      Hospitality
      $1,145,000
      Educational
      $920,000
      Residential Income
      $960,000
      Energy
      $1,180,000
      Income-Based Land
      $1,045,000
      Food Service
      $1,040,000

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1483
    Latitude
    30.6565
    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
    $12,991
    $25,660
    $176,040
    $201,700
    -
    $128,300
    $880,200
    $1,008,500

    Comparable in this City

    • Value Estimation
      $8,090,000
      78,871 SF

      6300 Grelot Rd

      STORE/OFFICE (MIXED USE) • 78,871 SF
      6300 Grelot Rd, Mobile, AL 36609-3602
      View Details
    • Value Estimation
      $710,000
      8,251 SF

      676 University Blvd

      STORE/OFFICE (MIXED USE) • 8,251 SF
      676 University Blvd, Mobile, AL 36609-7866
      View Details
    • Value Estimation
      $795,000
      55,417 SF

      258 Azalea Rd

      STORE/OFFICE (MIXED USE) • 55,417 SF
      258 Azalea Rd, Mobile, AL 36609-1902
      View Details
    • Value Estimation
      $260,000
      3,904 SF

      3957 Cresthaven Rd

      STORE/OFFICE (MIXED USE) • 3,904 SF
      3957 Cresthaven Rd, Mobile, AL 36609-2392
      View Details
    • Value Estimation
      $230,000
      3,130 SF

      468 Azalea Rd

      STORE/OFFICE (MIXED USE) • 3,130 SF
      468 Azalea Rd, Mobile, AL 36609-1653
      View Details
    • Value Estimation
      $545,000
      21,931 SF

      458 Azalea Rd

      STORE/OFFICE (MIXED USE) • 21,931 SF
      458 Azalea Rd, Mobile, AL 36609-1653
      View Details

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      Retail - Mixed Use Opportunity

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      High-traffic I-65 frontage, development ready.
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Mobile County Office Space: 1,203 - 6,267 SF
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      View Details
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      Mobile Office Space for Lease

      Flexible Workspaces in Mobile, AL
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      View Details
    • $10 SF/Yr
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      Downtown Mobile Executive Office Space

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    • $14 SF/Yr
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      1242 sq ft office, prime location.
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      View Details
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    602 Azalea Rd
    Mobile, AL 36609
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    Realmo Value Estimation

    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.

    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.

    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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