Property profile

7941 Moffett Rd Semmes, AL 36575

OFF-MARKET
Other investment properties
Property ID
US03-0024065
6,140 SF 0.71 ac lot Built 2006
Entity Owned 21-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property at 7941 Moffett Road (Highway 98) in Semmes, Alabama consists of approximately 1,200 square feet of retail space within a strip center constructed in 2006. It is located adjacent to a Walmart Supercenter and has frontage and access along Highway 98, with reported traffic volume of 31,009 AADT (as of 2021). The strip center is occupied by multiple national and regional retailers and service tenants, including businesses such as GameStop, T-Mobile, Direct Auto, and World Finance, and is surrounded by additional retail and dining uses including Dollar Tree, The Shoe Dept., Cato, AutoZone, Anytime Fitness, Subway, Burger King, Pizza Hut, McDonald’s, Sonic, Little Caesars, and several banks. The space is structured for a NNN (net, net, net) lease arrangement and is configured as retail space suitable for neighborhood-oriented commercial uses.

Property profile

Verified
Property type Other investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2006
Total area 6,140 SF
Lot 0.71 ac (31,015 SF)
APN 24 06 24 4 000 028.002
UPID US03-0024065

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service
  • Electronics & Wireless Store
  • Bank Credit Union
  • Mobile Phone Store Electronics & Wireless Store
  • Mobile Phone Store Electronics & Wireless Store

Location

7941 Moffett Rd Semmes, AL 36575-5480
Semmes metro Census 6307 MOBILE, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$890k
Blend (final) Blend
$285k

Owner & transaction history

since 2005
2 recorded transactions
2016
Price N/A
2005
$310,000

Zoning & alternative use

Top alternative use upside
Medical building $1.2M +128.8%
Restaurant $1.2M +116.2%
Retail stores $1.1M +94.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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