7623 old shell road Mobile, AL 36608
This 1.01-acre property, located at 7623 Old Shell Road in Mobile, Alabama, 36608, presents a unique investment opportunity. Situated near Schillinger Road, this multi-functional lot offers significant potential for commercial development. Currently zoned for residential use, the property allows for exploration of rezoning possibilities to suit various commercial ventures. The existing 1400 square foot home on the property is included in the sale price of $230,000 but is conveyed "as is" and requires repairs or demolition. The property also features a shed providing additional storage space. The lot itself is wooded, offering a degree of privacy despite its convenient location. The buyer is responsible for verifying all information deemed important before purchase. This property's prime location and versatile nature make it an attractive prospect for investors seeking a high-potential development site in a busy and desirable area of Mobile. The lot size is 1.01 acres. All information should be independently verified.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.