6300 Grelot Rd Mobile, AL 36609
- Investment properties
- 78,871 SF
- 11.99 lot acres
Current Use by Public Records
- Firehouse Subs Grelot / Sandwich Shop / Caterer
- Master Cleaners / Dry Cleaner
- First Klass Infatables / Party Equipment Rental Service
- Vip Nails & Tan / Nail Salon
- Winn-Dixie Pharmacy / Grocery Store
Property Details for 6300 Grelot Rd
- Year built
- 1997
- Lot size
- 11.99 lot acres
- Property size
- 78,871 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 28 08 28 3 000 069.XXX
- APU
- 2808283000069XXX
Description
Hillcrest Marketplace, a single-story, 76,364 square foot neighborhood retail center in Mobile, Alabama, presents a compelling investment opportunity. Built in 1997, this property boasts a strong anchor tenant, Winn Dixie, ensuring consistent traffic and visibility. Currently, there is 10,200 square feet of vacant space available, including one sizable unit of 6,200 square feet, ideal for a variety of retail uses. The center is strategically located at 6300 Grelot Rd, Mobile, AL 36609, in Mobile County, benefiting from its proximity to medical facilities, office buildings, storage units, and a car wash, creating a high-traffic area with diverse customer demographics. The property features no elevators, a common characteristic for single-story retail centers. The convenient location and established tenant base make this a prime opportunity for expansion or new business establishment. The available space offers significant potential for growth and profitability within a thriving retail environment. This well-maintained center provides a solid foundation for a successful retail venture. The property's size and location make it an attractive option for businesses seeking high visibility and accessibility in a busy commercial area. The existing anchor tenant provides a stable base for the center's overall performance.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,485,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,690,000
- 6.5%
- $6,605,000
- 7%
- $7,170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,790,000
- Geo Method
- $7,535,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,360,000
- Retail
- $5,570,000
- Mixed-Use
- $6,465,000
- Hospitality
- $5,935,000
- Educational
- $7,340,000
- Residential Income
- $6,285,000
- Energy
- $6,695,000
- Income-Based Land
- $7,090,000
- Food Service
- $7,365,000
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.1883
- Latitude
- 30.6626
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA
