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    7420 Hitt Rd Mobile, AL 36695-4497
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    Property profile & analytics

    7420 Hitt Rd Mobile, AL 36695-4497

    View on Map
    • Warehouses
    • 13,104 SF
    • 0.91 lot acres
    Off-Market
    Property ID
    US03-0639754
    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
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Deborah J Hart M.D. / Physician
    • Roberts Electrical Contractors / Electrical Service / General Contractor
    • Power & Light Group / Building Supply / Electrical Service

    Property Details for 7420 Hitt Rd

    Year built
    1998
    Lot size
    0.91 lot acres
    Property size
    13,104 SF
    Property type
    Warehouses
    APN
    28 09 30 1 000 046.006
    APU
    2809301000046006

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,245,000
      6.5%
      $1,150,000
      7%
      $1,070,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $907,000
      Market price range: $509k - $1.30M
      AI Estimate
      $664,000
      Market price range: $305k - $974k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $835,000
      Current use
      OFFICE BUILDING
      $1,430,000
      Change: +71% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.2155
    Latitude
    30.669
    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
    $5,605
    $10,280
    $105,280
    $115,560
    -
    $51,400
    $526,400
    $577,800

    Comparable in this City

    • Value Estimation by Request
      2,097 SF

      3958 Oyler Rd, Unit 1

      WAREHOUSE, STORAGE • 2,097 SF
      3958 Oyler Rd, Mobile, AL 36695-8817
      View Details
    • Value Estimation by Request
      7,000 SF

      7330 Hitt Rd

      MINI-WAREHOUSE, STORAGE • 7,000 SF
      7330 Hitt Rd, Mobile, AL 36695-4436
      View Details
    • Value Estimation by Request
      4,080 SF

      3527 Dawes Rd

      WAREHOUSE, STORAGE • 4,080 SF
      3527 Dawes Rd, Mobile, AL 36695-9081
      View Details
    • Value Estimation
      $1,055,000
      12,101 SF

      2700 Newman Rd

      WAREHOUSE, STORAGE • 12,101 SF
      2700 Newman Rd, Mobile, AL 36695-9486
      View Details
    • Value Estimation
      $680,000
      7,806 SF

      7755 Smt Ct

      WAREHOUSE, STORAGE • 7,806 SF
      7755 Smt Ct, Mobile, AL 36695-4229
      View Details
    • Value Estimation by Request
      25,100 SF

      2262 Hillcrest Rd

      WAREHOUSE, STORAGE • 25,100 SF
      2262 Hillcrest Rd, Mobile, AL 36695-3808
      View Details

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      Schillinger Road Commercial Property Auction

      Commercial property available at auction, March 23-25, 2026.
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    • $1,100,000
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      Car Wash on High-Traffic Corridor

      Specialty car wash property with redevelopment potential in West Mobile.
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    • $99,000

      Commercial Land in Growing Area

      Large commercial land parcel in a fast-growing, high-traffic area.
      2742 Dawes Ct, Mobile, AL 36695
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    • $599,900

      Cleared Land Ready for Development

      Approximately 8 acres of level, cleared land ready for development.
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    Similar Nearby for Lease

    • $1,500 /Mo
      2,337 SF

      West Mobile Office & Warehouse Space

      Modern Office, Warehouse Space Available
      1146 Leroy Stevens Rd, Mobile, AL 36695
      View Details
    • $13 SF/Yr
      14,000 SF

      Mobile Office/Warehouse Space Available

      14,000 SF Office & Warehouse in West Mobile
      6420 Wall St, Mobile, AL 36695
      View Details
    • $3 SF/Yr
      172,498 SF

      Prime Mobile, AL Land for Lease

      Cottage Hill & McFarland redevelopment opportunity.
      9201 Cottage Hill Rd, Mobile, AL 36695
      View Details
    • $2,400 /Mo
      1,214 SF

      Hillcrest Road Retail Space

      Prime 1,214 SF end-cap retail space. High visibility, drive-up window.
      1175 Hillcrest Rd, Mobile, AL 36695
      View Details
    • Contact for pricing

      Retail Space in West Mobile

      Retail space in a high-income area near major retailers.
      2410 Dawes Rd, Mobile, AL 36695
      View Details
    • Contact for pricing

      Commercial Land on Schillinger Road

      Approximately 1.71 acres with high traffic count available for lease.
      610 Schillinger Rd S, Mobile, AL 36695
      View Details
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    7420 Hitt Rd
    Mobile, AL 36695-4497
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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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