Technical
Financial
Distress signals
Property profile

6551 Airport Blvd Mobile, AL 36608

FOR SALE
Drive through restaurants
Property ID
US03-2198339
3,799 SF 1.09 ac lot Built 2015
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,652 square foot retail property, formerly a Zaxby's, is available for $1,750,000. Located at 6551 Airport Blvd in Mobile, Alabama (zip code 36608), this single-story building sits on a 1.09-acre lot and boasts a prime location as a Walmart outparcel. Built in 2015, the property benefits from high visibility due to its position on a signalized intersection of a major thoroughfare, Airport Blvd, experiencing over 60,000 vehicles per day. The property is vacant and offers an absolute NNN lease type. The land value is $479.19 per square foot. The strong demographics of the area include over 165,100 residents within a 5-mile radius, with an average household income of $74,000. The location benefits from a robust local workforce, including major employers such as USA Health Providence Hospital (7,200+ employees), Austal USA (4,000+ employees), and the Port of Mobile. The proximity to the University of South Alabama (20,000 students and 5,000+ staff) further enhances the property's appeal. This presents a unique opportunity for a quick-service restaurant or similar business to capitalize on this established and high-traffic location. The property is offered as a short-term sale leaseback.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2015
Total area 3,799 SF
Lot 1.09 ac (47,263 SF)
APN 28 04 20 4 000 109.002
UPID US03-2198339

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

6551 Airport Blvd Mobile, AL 36608
Mobile metro Census 3703 MOBILE, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$623k
Blend (final) Blend
$510k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $780,000 +2.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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