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Property profile & analytics
OFF-MARKET Estimated value $3,410,000
Sports & entertainment properties

6101 Grelot Rd Mobile, AL 36609-3611

145,810 SF 11.3 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US03-1968187
Property summary
AI-generated overview

This exceptional 1.45-acre commercial land parcel presents a compelling investment opportunity in Mobile, Alabama. Strategically located at the corner of Grelot Road and Hillcrest Road, this property benefits from unparalleled visibility and accessibility. Situated adjacent to the new D-Bat development, it enjoys a high-traffic location with approximately 50,000 vehicles passing daily. The property's prime position within a thriving commercial area offers significant development potential. With a substantial population of 140,000 residents within a 5-mile radius, this location ensures a robust customer base for any new development. The surrounding area showcases a diverse mix of commercial properties, including retail spaces, office buildings, multifamily complexes, and self-storage facilities. The property is zoned B-3 for community business, providing flexibility for a wide range of commercial uses. The asking price for this exceptional land parcel is $510,000. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a rapidly growing area of Mobile, Alabama. The address is 6101 Grelot Rd, Mobile, AL 36609, in Mobile County.

Property profile
Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Total area 145,810 SF
Lot 11.3 ac (492,184 SF)
APN 28 08 33 2 000 003.02X
UPID US03-1968187
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • CUMC Fellowship Hall Church
  • Christ United Recreation Ministry Church
  • Kindermusik at Christ United Vocational School Training Center
  • Lifegate Ministry Social Service Agency Charitable Organization
  • 6101 Grelot Rd Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.45M
Blend (final) Blend
$3.41M
Owner & transaction history
Christ United Church · 2 yrs held
Christ United Church
since 2024
4 recorded transactions
2024
Price N/A
2021
Price N/A
2011
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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