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Property profile & analytics
FOR SALE
Grocery and convenience stores
6125 Spice Pond Rd Eight Mile, AL 36613
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0969860
For Sale
1 / 2
$425,000
6125 Spice Pond Rd, Eight Mile, AL 36613
View Listing →
Property summary
AI-generated overview
This exceptional commercial property presents a unique investment opportunity in Mobile County, Alabama. Located at 6125 Spice Pond Rd, Eight Mile, AL 36613, this 2.28-acre lot boasts approximately 353 feet of road frontage, ensuring high visibility and easy access for any business. The single-story, 2,315 square foot building, constructed in 1991, is currently 100% occupied and offers a flexible layout suitable for a variety of uses, including a bar, convenience store, or restaurant. The property is zoned with no restrictions, providing unparalleled flexibility for redevelopment or expansion to meet your specific business needs. The asking price is $450,000, translating to $194.38 per square foot. This prime location offers significant potential for growth and return on investment in a thriving area. The absence of zoning restrictions allows for a wide range of commercial ventures, making this a truly versatile and attractive investment opportunity. Don't miss this chance to acquire a property with such significant potential.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1991
Construction
FRAME
Total area
2,315 SF
Lot
2.29 ac (99,665 SF)
APN
18 08 33 0 000 038.XXX
UPID
US03-0969860
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lamont C Tyler · 12 yrs held
Lamont C Tyler
since 2014
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Eight Mile submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eight Mile submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,311
Tax year 2023
Assessed value
$27,040
Assessed 2023
Previous assessed
$25,900
+4.4% YoY
Effective rate
4.85%
On assessed value
Assessed land
$11,120
Assessed improvement
$15,920
Land market value
$55,600
Improvement market value
$79,600
Total market value
$135,200
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
1991
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Bathrooms
1
Total area
2,315 SF
Lot
2.29 ac (99,665 SF)
APN
18 08 33 0 000 038.XXX
UPID
US03-0969860
Jurisdiction
MOBILE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
1
Lot
2.29 ac
Current owner
From public records · entity-resolved
Lamont C Tyler
Individual
Free & Clear · 12 yrs held
Mailing address
2049 DAVID DR, EIGHT MILE, AL 36613-3433
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2014
$12,000
Lamont C Tyler
Adams,arnum A
Warranty Deed
—
Jan 5, 2012
$20,000
Adams,arnum A
Adams,arnum A
Warranty Deed
related
—
Mar 1, 2005
$55,000
Oliver,helen J
Nelson,james SR
Trustees Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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