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    Property profile & analytics

    702 Saint Stephens Rd Mobile, AL 36610-4534

    • Grocery and convenience stores
    • 1,152 SF
    • 0.73 lot acres
    OFF-MARKET
    Last Sale
    Oct 01, 2021
    $300,000
    Value Estimations
    $370,000
    Show details
    Cap Rate Potential
    4.6%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US03-1444714
    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

    • Grocery and convenience stores

    Property Details for 702 Saint Stephens Rd

    Year built
    1984
    Lot size
    0.73 lot acres
    Property size
    1,152 SF
    Property type
    Grocery and convenience stores
    APN
    29 02 44 0 014 124.XXX
    APU
    2902440014124XXX

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $380,000
      ML approach
      $350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $290,000
      6.5%
      $270,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $344,000
      Market price range: $167k - $461k

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0948
    Latitude
    30.7267
    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
    $2,319
    $9,200
    $28,500
    $37,700
    -
    $46,000
    $142,500
    $188,500

    Comparable in this City

    • Value Estimation
      $295,000
      660 SF

      728 Whistler St

      CONVENIENCE STORE • 660 SF
      728 Whistler St, Mobile, AL 36610-2248
      View Details
    • Value Estimation
      $180,000
      1,764 SF

      603 Prichard Ave

      CONVENIENCE STORE • 1,764 SF
      603 Prichard Ave, Mobile, AL 36610-4421
      View Details
    • Value Estimation
      $255,000
      1,044 SF

      2111 Whistler St

      CONVENIENCE STORE • 1,044 SF
      2111 Whistler St, Prichard, AL 36610-2019
      View Details
    • Value Estimation
      $285,000
      813 SF

      1603 Saint Stephens Rd

      CONVENIENCE STORE • 813 SF
      1603 Saint Stephens Rd, Mobile, AL 36610
      View Details
    • Value Estimation
      $580,000
      2,800 SF

      2113 Saint Stephens Rd

      CONVENIENCE STORE • 2,800 SF
      2113 Saint Stephens Rd, Prichard, AL 36610-3669
      View Details
    • Value Estimation
      $70,000
      2,606 SF

      928 Telegraph Rd

      CONVENIENCE STORE • 2,606 SF
      928 Telegraph Rd, Mobile, AL 36610-2512
      View Details

    Similar Nearby for Sale

    • $225,000
      0.23 Acres

      Downtown Prichard Retail Opportunity

      Retail property with open floorplan and gated yard in Prichard.
      403 Wilson Ave S, Mobile, AL 36610
      View Details
    • $90,000

      Prichard Commercial Opportunity on Wilson

      Commercial property previously operated as a Wing Shack in Prichard.
      548 N Wilson Ave, Mobile, AL 36610
      View Details
    • $6,150,000
      28.00 Acres

      Mobile Industrial Land - 28 Acres

      Prime Mobile County industrial land, near Port.
      0 Stimrad Rd, Mobile, AL 36610
      View Details
    • Contact for pricing
      0.23 Acres

      Vacant Corner Lot Opportunity

      Vacant corner lot perfect for building your dream home.
      421 Foch St, Mobile, AL 36610
      View Details
    • Contact for pricing
      0.54 Acres

      Commercial Land in Prichard, AL

      Commercial land available for development in Prichard, Alabama.
      Wilson Ave, Prichard, AL 36610
      View Details
    • $150,000

      Prime Prichard Commercial Land

      Vacant lot, ideal for development.
      2010 St Stephens Rd, Prichard, AL 36610
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      9,918 SF

      Retail Space in Prichard, AL

      Retail space available in Prichard, AL, near Mobile.
      1081 S Bessemer Ave, Prichard, AL 36610
      View Details
    • $5 SF/Yr
      292,500 SF

      Prime 14-Acre Industrial Complex

      Massive Industrial Space - I-65 Access
      1401 St Stephens Rd, Prichard, AL 36610
      View Details
    • $7 SF/Yr
      8,000 SF

      Mobile Industrial Space for Lease

      8,000 SF Warehouse/Flex Space in Mobile, AL
      1924 Telegraph Rd, Mobile, AL 36610
      View Details
    • $5 SF/Yr
      28,000 SF

      Prichard Warehouse: 28,000 SF

      Large warehouse, ample lay-down yard, excellent access.
      631 S craft highway, Prichard, AL 36610
      View Details
    • $5,000 /Mo
      9,603 SF

      Mobile Laydown Yard - 3.82 Acres

      Prime industrial land, ideal for container storage. Close to AL State Docks.
      88 Telegraph Rd, Mobile, AL 36610
      View Details
    • $11,550 /Mo
      143,748 SF

      Mobile Industrial Land Lease

      Prime 3.3-acre lot, ideal for truck/container yard. Excellent interstate access.
      1248 Conception Street Rd, Mobile, AL 36610
      View Details
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    702 Saint Stephens Rd
    Mobile, AL 36610-4534
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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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