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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    619 Craft Hwy Chickasaw, AL 36611-1370

    • Investment properties
    • 6,436 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Mar 06, 2024
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0158728
    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

    • Investment properties

    Property Details for 619 Craft Hwy

    Year built
    1993
    Lot size
    0.33 lot acres
    Property size
    6,436 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    22 05 15 3 000 005.XXX
    APU
    2205153000005XXX

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $670,000
      Market price range: $272k - $892k
      AI Estimate
      $759,000
      Market price range: $173k - $968k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $545,000
      Current use
      MEDICAL BUILDING
      $1,245,000
      Change: +129% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $910,000
      Change: +67% Conversion: Moderate
      OFFICE BUILDING
      $700,000
      Change: +29% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chickasaw
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0732
    Latitude
    30.7845
    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
    $3,035
    $4,380
    $50,980
    $55,360
    -
    $21,900
    $254,900
    $276,800

    Comparable in this City

    • Value Estimation by Request
      1,891 SF

      112 Howell St

      STORE/OFFICE (MIXED USE) • 1,891 SF
      112 Howell St, Chickasaw, AL 36611-2508
      View Details
    • Value Estimation by Request
      12,209 SF

      340 Craft Hwy

      STORE/OFFICE (MIXED USE) • 12,209 SF
      340 Craft Hwy, Chickasaw, AL 36611-2209
      View Details
    • Value Estimation by Request
      10,787 SF

      125 Telegraph Rd

      STORE/OFFICE (MIXED USE) • 10,787 SF
      125 Telegraph Rd, Chickasaw, AL 36611-1344
      View Details
    • Value Estimation by Request
      1,680 SF

      619 Craft Hwy

      STORE/OFFICE (MIXED USE) • 1,680 SF
      619 Craft Hwy, Chickasaw, AL 36611-1370
      View Details
    • Value Estimation
      $12,440,000
      75,598 SF

      414 Craft Hwy

      STORE/OFFICE (MIXED USE) • 75,598 SF
      414 Craft Hwy, Chickasaw, AL 36611-1312
      View Details
    • Value Estimation by Request
      1,552 SF

      Mobile, AL 36611

      STORE/OFFICE (MIXED USE) • 1,552 SF
      Mobile, AL 36611
      View Details

    Similar Nearby for Sale

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      Craft Highway Retail Investment

      High-traffic retail space, excellent redevelopment potential.
      234 S Craft Hwy, Chickasaw, AL 36611
      View Details
    • $875,000
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      Prime Chickasaw Shopping Center

      25,000 SF, Net Lease, High Traffic
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    • $1,999,000
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      40,616 SF warehouse on 2.3 acres with silos.
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      Craft Highway Warehouse Opportunity

      Office and warehouse space on 1.91 acres.
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    • $225,000
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      Flex property with warehouse and office space in Chickasaw.
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    Similar Nearby for Lease

    • $5 SF/Yr
      87,842 SF

      Prime Chickasaw Industrial Warehouse

      87,842 SF Warehouse w/ Water Access
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      View Details
    • $0.20 SF/Yr
      435,600 SF

      Mobile Laydown Yard - 435,600 SF

      Secure industrial land for lease. Excellent location.
      750F Viaduct Rd, Mobile, AL 36611
      View Details
    • $1,250 /Mo
      35,005 SF

      Retail/Office Space in Chickasaw

      Versatile retail or office space in the heart of Chickasaw.
      355 Craft Hwy N, Mobile, AL 36611
      View Details
    • $5 SF/Yr
      77,000 SF

      Renovated Industrial Building Near Ports

      Newly renovated industrial building with easy access to major transportation.
      1511 Telegraph Rd, Chickasaw, AL 36611
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    • Contact for pricing
      1,836 SF

      Airport Restaurant Space Available

      1836 sq ft, Chickasaw, AL
      300 Craft Hwy, Chickasaw, AL 36611
      View Details
    • $12 SF/Yr
      50,000 SF

      Prime Chickasaw Warehouse Space Available

      50,000 SF Fabrication Warehouse, Excellent Location
      750 Viaduct Rd W, Chickasaw, AL 36611
      View Details
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    619 Craft Hwy
    Chickasaw, AL 36611-1370
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    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
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