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    7930 Old Government Street Rd Mobile, AL 36695
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    7930 Old Government Street Rd Mobile, AL 36695

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    • Commercial land
    For Sale
    $257,125
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    West Mobile Land For Sale For Sale
    $257,125

    West Mobile Land For Sale

    Well-located lot in West Mobile, ideal for various commercial uses.

    7930 Old Government Street Rd, Mobile, AL 36695
    View Listing
    Property ID
    US03-1557528
    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

    • Commercial land

    Property Details for 7930 Old Government Street Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Well located lot with excellent visibility in West Mobile. Close proximity to major retailers including Target, and The Shops on Schillinger. Ideal for medical, office, storage, and support services.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.2285932
    Latitude
    30.6758769

    Comparable in this City

    • $1,245,000
      26.75 Acres

      Prime Development Land in Mobile

      26 +/- acres near residential, retail, and schools.
      10351 Jeff Hamilton Road Ext, Mobile, AL 36695
      View Details
    • $576,000

      Prime Land on Grelot Road

      1.97 acres of commercial land with high visibility.
      Grelot Rd, Mobile, AL 36695
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    • Contact for pricing

      Commercial Land Near Growing Neighborhoods

      Commercial property adjacent to Publix in a rapidly growing area.
      9120 Cottage Hill Rd, Mobile, AL 36695
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    • Contact for pricing

      Commercial Land Near Retail Center

      4.18 acres of B-3 zoned commercial land for sale.
      7870 Old Government Street Rd, Mobile, AL 36695
      View Details
    • $1,245,000

      Prime Development Land For Sale

      26 +/- acres of development land in West Mobile.
      10351 Jeff Hamilton Road Ext, Mobile, AL 36695
      View Details
    • $1,800,000

      Land Approved for Assisted Living

      13.4+ acre parcel pre-approved for assisted living complex.
      2316 Leroy Stevens Rd, Mobile, AL 36695
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Land on Grelot Road

      1.97 acres of B-3 zoned land on Grelot Road.
      Grelot Rd, Mobile, AL 36695
      View Details
    • Contact for pricing
      12,125 SF

      Schillinger Road Commercial Land Available

      Two parcels totaling ±1.7 AC with frontage on Schillinger Road.
      610 Schillinger Rd S, Mobile, AL 36695
      View Details
    • Contact for pricing

      Commercial Land on Jeff Hamilton Road

      2.94 acres with commercial potential near Dawes.
      8750 Jeff Hamilton Road Ext, Mobile, AL 36695
      View Details
    • $324,900
      36.50 Acres

      36.5 Acres on Cottage Hill

      36.5 acres of land with commercial potential.
      Cottage Hill Rd, Mobile, AL 36695
      View Details
    • $375,000

      Cottage Hill Road Commercial Opportunity

      Freestanding commercial building on Cottage Hill Road with expansion potential.
      7256 Cottage Hill Rd, Mobile, AL 36695
      View Details
    • $45,000
      4.30 Acres

      Unrestricted Land in Mobile, AL

      4.3 acres of unrestricted land with creek access.
      Grand Bay-Wilmer Rd S, Mobile, AL 36695
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Land for Redevelopment

      Redevelopment opportunity near Publix and DR Horton subdivision.
      9201 Cottage Hill Rd, Mobile, AL 36695
      View Details
    • $25 SF/Yr

      Grelot Road Commercial Land Available

      Commercial land on Grelot Road, build-to-suit opportunity.
      6740 Grelot Rd, 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
    • 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
    • $3 SF/Yr
      10,000 SF

      Schillinger Place Land - 10,000 SF

      Prime Mobile, AL land for lease; build-to-suit opportunity.
      2502 Schillinger Rd S, Mobile, AL 36695
      View Details
    • Contact for pricing

      Retail Space in Schillinger Place

      Well-positioned neighborhood center with high visibility and strong demographics.
      2502 Schillinger Rd S, Mobile, AL 36695
      View Details
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    7930 Old Government Street Rd
    Mobile, AL 36695
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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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