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    717 Dauphin Island Pkwy Mobile, AL 36606
    Property profile & analytics

    717 Dauphin Island Pkwy Mobile, AL 36606

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    • Investment properties
    • 6,837 SF
    • 0.47 lot acres
    For Lease
    $855,000
    View Listing →
    Former Family Dollar Available For Lease
    $855,000

    Former Family Dollar Available

    Former Family Dollar for sale or lease on Dauphin Island.

    717 Dauphin Island Pkwy, Mobile, AL 36606
    View Listing
    Property ID
    US03-0831164
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 717 Dauphin Island Pkwy

    Year built
    1997
    Lot size
    0.47 lot acres
    Property size
    6,837 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    29 10 28 3 002 094.XXX
    APU
    2910283002094XXX

    Description

    This freestanding, single-tenant retail building, totaling 6,487 square feet, presents a compelling investment or lease opportunity. Located at the high-traffic intersection of Dauphin Island Parkway and Halls Mills Road in Mobile County, Alabama, this property boasts excellent visibility and accessibility. Built in 1997, the structure features a single story and ample parking with 26 spaces. The B-3 zoning allows for a variety of retail uses, making it suitable for a diverse range of businesses. The property's previous tenant was a Family Dollar, indicating a proven track record of success in this location. The building's size and layout offer flexibility for potential tenants or owners seeking to establish a strong retail presence in a thriving area. This is an exceptional chance to acquire a well-situated property with significant potential for growth and return on investment. The property is conveniently located for easy access to major roadways and a substantial customer base. Serious inquiries are encouraged to explore the possibilities this prime retail space offers. The property includes one building and no elevators. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $999,000
      Market price range: $241k - $1.44M
      AI Estimate
      $676,000
      Market price range: $239k - $807k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $765,000
      Current use
      RETAIL STORES
      $1,405,000
      Change: +84% Conversion: Easy
      RESTAURANT
      $1,365,000
      Change: +79% Conversion: Difficult
      MEDICAL BUILDING
      $1,320,000
      Change: +73% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $965,000
      Change: +26% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0867
    Latitude
    30.6657
    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
    $6,546
    $3,060
    $100,020
    $103,080
    -
    $15,300
    $500,100
    $515,400

    Comparable in this City

    • Value Estimation
      $1,570,000
      9,606 SF

      2206 Airport Blvd

      STORE/OFFICE (MIXED USE) • 9,606 SF
      2206 Airport Blvd, Mobile, AL 36606-1740
      View Details
    • Value Estimation
      $34,775,000
      195,495 SF

      1310 Tingle E Cir

      STORE/OFFICE (MIXED USE) • 195,495 SF
      1310 Tingle E Cir, Mobile, AL 36606-2631
      View Details
    • Value Estimation by Request
      2,984 SF

      2202 Government St

      STORE/OFFICE (MIXED USE) • 2,984 SF
      2202 Government St, Mobile, AL 36606-1605
      View Details
    • Value Estimation by Request
      2,475 SF

      618 Houston St

      STORE/OFFICE (MIXED USE) • 2,475 SF
      618 Houston St, Mobile, AL 36606-4309
      View Details
    • Value Estimation by Request
      1,756 SF

      313 Glenwood St

      STORE/OFFICE (MIXED USE) • 1,756 SF
      313 Glenwood St, Mobile, AL 36606-1741
      View Details
    • Value Estimation by Request
      5,006 SF

      1800 Calmes St

      STORE/OFFICE (MIXED USE) • 5,006 SF
      1800 Calmes St, Mobile, AL 36606-4315
      View Details

    Similar Nearby for Sale

    • $299,000
      2,317 SF

      Dauphin Island Pkwy Salon - $299K

      High-traffic Mobile, AL salon; 1907 sq ft.
      458 Dauphin Island Pkwy, Mobile, AL 36606
      View Details
    • $300,000
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      Prime Mobile Retail Space

      High-traffic location, 6,487 sq ft, sale or lease.
      717 Dauphin Island Pkwy, Mobile, AL 36606
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    • $450,000
      6,206 SF

      Midtown Mobile Retail Gem

      High-traffic retail space, prime location
      1910 Government St, Mobile, AL 36606
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    • $12,000,000
      124,245 SF

      Bel Air Office Complex: Investment Opportunity

      Class B Office Complex, Mobile, AL. High Occupancy.
      3100 Cottage Hill Road, Mobile, AL 36606
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    • $795,000
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      Midtown Mobile Redevelopment Opportunity

      Dauphin Street retail site, high traffic counts.
      3165 Dauphin St, Mobile, AL 36606
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    • $189,500
      17,860 SF

      Prime Mobile Commercial Property

      Versatile 17,860 SF building, ideal for multiple uses.
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    Similar Nearby for Lease

    • $15 SF/Yr
      700 SF

      Mobile Office Space - Dauphin St

      700 sq ft office, prime Mobile location. NNN lease.
      3201 Dauphin St, Mobile, AL 36606
      View Details
    • $35,000
      3,284 SF

      Executive Suites: Mobile, AL

      Prime Mobile Office Space - Sale/Lease
      725 Executive Park Dr, Mobile, AL 36606
      View Details
    • $5,400 /Mo
      7,200 SF

      Mobile Office/Warehouse Space For Lease

      High-visibility 7,200 sq ft space, ideal for business.
      3349 Halls Mill Road, Mobile, AL 36606
      View Details
    • $4,320 /Mo
      6,100 SF

      Midtown Mobile Office/Warehouse Space

      6,100 SF Office/Warehouse, Ideal Location.
      3168 Midtown Park S, Mobile, AL 36606
      View Details
    • $27 SF/Yr
      3,160 SF

      Dauphin Street Medical Office Suite

      Modern Mobile Medical Office Space, 3160 SF
      3280 Dauphin St, Mobile, AL 36606
      View Details
    • $18 SF/Yr
      930 SF

      Mobile Office Space for Lease

      930 sq ft, Dauphin St, Mobile, AL
      3280 Dauphin St, Mobile, AL 36606
      View Details
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    Mobile, AL 36606
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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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