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Property profile & analytics
FOR SALE
Amusement parks

790 Schillinger Rd N Mobile, AL 36608

10,343 SF 0.91 ac lot Built 2004
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US03-0593442
Property summary
AI-generated overview

This exceptional commercial property, situated at 790 Schillinger Road North in Mobile, Alabama, presents a unique investment opportunity. Boasting a substantial 10,343 square feet of space on a 0.91-acre lot, this property is ideally positioned at the northeast corner of Zeigler and Schillinger Roads, a high-traffic area ensuring excellent visibility and accessibility. The expansive lot offers ample parking, a significant advantage for potential tenants and customers. The property's versatile design makes it suitable for a variety of commercial uses, including office space or retail establishments. Its strategic location provides easy access to major thoroughfares, enhancing its appeal to businesses seeking a prominent presence in a busy commercial zone. The asking price is $799,000. The significant open space on the property offers considerable flexibility for development or expansion, catering to the needs of a growing business. This property's combination of size, location, and parking makes it an attractive proposition for investors and businesses alike seeking a strong foothold in the Mobile market. The high traffic count ensures significant exposure, making it an ideal location for businesses seeking maximum visibility and customer reach. Serious inquiries are encouraged.

Property profile
Verified
Property type Amusement parks
Use group ARCADES (AMUSEMENT)
Year built 2004
Total area 10,343 SF
Lot 0.91 ac (39,727 SF)
APN 28 03 07 3 000 001.005
UPID US03-0593442
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Target Department Store
  • Target Grocery Grocery & Convenience Store Food Market
  • Dollar Tree Grocery & Convenience Store Food Market
  • Cardtronics ATM Atm
  • Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
City Of Mobile · 8 yrs held
City Of Mobile
since 2018
4 recorded transactions
2018
$9,550
2008
$785,000
2006
Price N/A
2005
$796,010
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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