Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
-
Property Management Company
-
Business Management Consultant
-
Furniture & Home Goods Home Decor Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight