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

    6207 Cottage Hill Rd Mobile, AL 36693

    • Investment properties
    • 15,810 SF
    • 1.07 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Last Sale
    Aug 07, 2023
    $1,285,000
    Value Estimations
    $1,505,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1032010
    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

    • Pink Post Office Boutique Mobile, AL / Women'S Clothing Store / Gift Shop
    • Recharge Nutrition of Mobile / Health Food Store / Juice Shop
    • Brooke Weber Schrader / Pediatric Dentist / Health Care Facility
    • Recharge Nutrition / Vitamin & Supplements Store / Service Establishment
    • Dr. Brooke Schrader / Practitioner Service Location / Dentist

    Property Details for 6207 Cottage Hill Rd

    Year built
    1988
    Lot size
    1.07 lot acres
    Property size
    15,810 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    33 02 04 3 000 004.XXX
    APU
    3302043000004XXX

    Description

    Lloyd Place offers exceptional retail and office space in a charming Mobile County neighborhood center. This single-story, 15,404 square foot building, constructed in 1988, sits on a 0.92-acre lot and is zoned B-2. Currently, there are two available spaces totaling approximately 1,000 to 1,200 square feet, ideal for a variety of uses. The property features a multiple tenancy structure, providing a vibrant and diverse business environment. Its convenient location on Cottage Hill Road, near Lloyd's Lane and Hillcrest Road, ensures high visibility and accessibility. The building's existing infrastructure presents an excellent opportunity for businesses seeking a move-in ready space or those looking to customize their ideal workspace. The flexible layout allows for adaptation to various business needs, including potential conversion to office space for professional services such as financial planning or accounting. This is a rare opportunity to secure prime retail or office space in a desirable location with strong potential for growth and success. The property's single-story design offers easy accessibility and ample parking. Don't miss this chance to establish your business in this thriving community. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,575,000
      ML approach
      $1,565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,742,000
      Market price range: $939k - $1.74M
      AI Estimate
      $1,574,000
      Market price range: $473k - $1.57M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,415,000
      Current use
      INDUSTRIAL (GENERAL)
      $2,230,000
      Change: +58% Conversion: Moderate
      OFFICE BUILDING
      $1,520,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1853
    Latitude
    30.6399
    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
    $13,655
    $130,840
    $242,380
    $373,220
    -
    $654,200
    $1,211,900
    $1,866,100

    Comparable in this City

    • Value Estimation
      $7,995,000
      78,871 SF

      6300 Grelot Rd

      STORE/OFFICE (MIXED USE) • 78,871 SF
      6300 Grelot Rd, Mobile, AL 36609-3602
      View Details
    • Value Estimation
      $1,000,000
      18,424 SF

      602 Azalea Rd

      STORE/OFFICE (MIXED USE) • 18,424 SF
      602 Azalea Rd, Mobile, AL 36609-1528
      View Details
    • Value Estimation
      $735,000
      8,251 SF

      676 University Blvd

      STORE/OFFICE (MIXED USE) • 8,251 SF
      676 University Blvd, Mobile, AL 36609-7866
      View Details
    • Value Estimation
      $5,735,000
      55,417 SF

      258 Azalea Rd

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

      3957 Cresthaven Rd

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

      468 Azalea Rd

      STORE/OFFICE (MIXED USE) • 3,130 SF
      468 Azalea Rd, Mobile, AL 36609-1653
      View Details

    Similar Nearby for Sale

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      Mobile Office Building - Prime Location

      Updated 6300 sq ft office building, ample parking.
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      Two premium office buildings: sale or lease.
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      West Mobile Office Building - For Sale

      Prime West Mobile Office, Fully Furnished
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    • $500,000
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      Mobile, AL Office Building Investment Opportunity

      Fully leased, prime location, 5,364 SF.
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    • $104,000
      0.28 Acres

      Mobile Commercial Land - Grelot Rd.

      Prime West Mobile location; build your business.
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    • $1,100,000
      17,985 SF

      Mobile Storefront Investment Opportunity

      17,985 SF Vacant Retail/Warehouse
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      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      95,512 SF

      Regency Square Shopping Center

      Mobile Retail Strip Center: 15,000 SF Available
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      View Details
    • $13 SF/Yr
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      Mobile Executive Office Space

      Prime Mobile location, flexible suites available
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      View Details
    • $15 SF/Yr
      42,695 SF

      Gateway Center West: Mobile Flex Space

      Mobile Flex Space: 42,695 SF, 3,345 SF Available
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      View Details
    • $750 /Mo
      750 SF

      Mobile Office Space - 750 SF

      Prime Mobile location, 750 sq ft office suite.
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      View Details
    • $10 SF/Yr
      16,521 SF

      Cottage Hill Retail Space Available

      Large retail space, ideal for various uses. High-traffic location.
      5035 Cottage Hill Rd, Mobile, AL 36609
      View Details
    • $15 SF/Yr
      1,200 SF

      Cottage Hill Retail Space Available

      1200 sq ft retail space, Mobile, AL. Great location!
      5035 Cottage Hill Rd, Mobile, AL 36609
      View Details
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    6207 Cottage Hill Rd
    Mobile, AL 36693
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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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