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

    7008 Howells Fry Rd Mobile, AL 36618-3156

    • Grocery and convenience stores
    • 1,363 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    6.8%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US03-0553888
    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

    • Over Ferry Food Mart / Grocery Store

    Property Details for 7008 Howells Fry Rd

    Year built
    1955
    Lot size
    0.53 lot acres
    Property size
    1,363 SF
    Property type
    Grocery and convenience stores
    APN
    28 03 05 3 000 046.XXX
    APU
    2803053000046XXX

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $345,000
      6.5%
      $315,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $340,000
      Market price range: $197k - $545k
      AI Estimate
      $199,000
      Market price range: $142k - $321k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $230,000
      OFFICE BUILDING
      $190,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.2065
    Latitude
    30.72
    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
    $2,487
    $12,020
    $25,340
    $37,360
    -
    $60,100
    $126,700
    $186,800

    Comparable in this City

    • Value Estimation
      $325,000
      2,397 SF

      4063 Moffett Rd

      CONVENIENCE STORE • 2,397 SF
      4063 Moffett Rd, Mobile, AL 36618-1213
      View Details
    • Value Estimation by Request
      60,123 SF

      5301 Moffett Rd

      Individual retail properties • 60,123 SF
      5301 Moffett Rd, Mobile, AL 36618
      View Details
    • Value Estimation
      $415,000
      7,313 SF

      4126 Moffett Rd

      CONVENIENCE STORE • 7,313 SF
      4126 Moffett Rd, Mobile, AL 36618-1637
      View Details
    • Value Estimation
      $480,000
      4,456 SF

      5601 Moffett Rd

      CONVENIENCE STORE • 4,456 SF
      5601 Moffett Rd, Mobile, AL 36618-2621
      View Details
    • Value Estimation by Request
      1,478 SF

      5318 Overlook Rd

      CONVENIENCE STORE • 1,478 SF
      5318 Overlook Rd, Mobile, AL 36618-2331
      View Details
    • Value Estimation
      $380,000
      1,295 SF

      7081 Howells Fry Rd

      CONVENIENCE STORE • 1,295 SF
      7081 Howells Fry Rd, Mobile, AL 36618-3127
      View Details

    Similar Nearby for Sale

    • $350,000
      3,800 SF

      Moffett Road Restaurant - Turnkey Opportunity

      Prime Mobile, AL restaurant space; high traffic location.
      4600 Moffett Rd, Mobile, AL 36618
      View Details
    • $239,000

      Free-Standing Building on Moffett Road

      2,084 SF building with drive-thru on 0.7 AC lot.
      5127 Moffett Rd, Mobile, AL 36618
      View Details
    • $270,000
      4,382 SF

      Moffett Road Retail Building

      Prime Mobile location, 4,000 SF, $270,000
      3728 Moffett Rd, Mobile, AL 36618
      View Details
    • $250,000
      1,500 SF

      Office Building with Shop and Land

      Office building with shop, large lot, and highway frontage.
      3911 Moffett Rd, Mobile, AL 36618
      View Details
    • $120,140
      0.32 Acres

      Versatile Commercial Space in Mobile

      1,576 sq ft commercial space ideal for office or retail.
      4917 Overlook Rd, Mobile, AL 36618
      View Details
    • $250,000
      0.44 Acres

      Commercial Building on Moffett Road

      Commercial building on a 0.4389-acre lot available for sale.
      7361 Moffett Rd, Mobile, AL 36618
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      7,200 SF

      Freestanding Retail Building For Rent

      Open floor plan retail building with high traffic visibility.
      6850 Moffett Rd, Mobile, AL 36618
      View Details
    • $1,500 /Mo
      19,118 SF

      Commercial Building on Moffett Road

      Commercial building for sale or lease on high-traffic Moffett Road.
      7361 Moffett Rd, Mobile, AL 36618
      View Details
    • $425 /Mo
      4,147 SF

      Mixed-Use Property with Office Suites

      Mixed-use property featuring retail and office spaces for lease.
      5300 Overlook Rd, Mobile, AL 36618
      View Details
    • $10 SF/Yr
      1,000 SF

      Moffett Road Retail Space Available

      High-traffic Mobile, AL retail space.
      4805 Moffett Road, Mobile, AL 36618
      View Details
    • $7 SF/Yr
      24,343 SF

      Mobile Retail Center - Redevelopment Opportunity

      High-traffic location, flexible lease terms.
      5301 Moffett Rd, Mobile, AL 36618
      View Details
    • $6 SF/Yr
      15,597 SF

      Mobile Retail Center - Redevelopment Opportunity

      High-traffic location, flexible lease terms.
      5301 Moffett Rd, Mobile, Mobile, AL 36618
      View Details
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    7008 Howells Fry Rd
    Mobile, AL 36618-3156
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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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