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    845 Schillinger Rd S Mobile, AL 36695
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    845 Schillinger Rd S Mobile, AL 36695

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    • Turn key restaurants
    • 10,349 SF
    • 1.79 lot acres
    For Lease
    $1,095,000
    View Listing →
    Retail Pad Site Available For Lease
    $1,095,000

    Retail Pad Site Available

    Ground lease opportunity in Mobile, Alabama with established co-tenants.

    845 Schillinger Rd S, Mobile, AL 36695
    View Listing
    Property ID
    US03-0416732
    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

    • SEPHORA at Kohl's / Cosmetic Store
    • Kohl's / Department Store

    Property Details for 845 Schillinger Rd S

    Year built
    2002
    Lot size
    1.79 lot acres
    Property size
    10,349 SF
    Property type
    Turn key restaurants
    APN
    28 09 30 2 000 001.012
    APU
    2809302000001012

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,110,000
      Market price range: $979k - $2.00M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.2249
    Latitude
    30.6724
    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
    $27,432
    $250,260
    $175,580
    $425,840
    -
    $1,251,300
    $877,900
    $2,129,200

    Comparable in this City

    • Value Estimation
      $915,000
      10,040 SF

      675 Schillinger S Rd

      RESTAURANT • 10,040 SF
      675 Schillinger S Rd, Mobile, AL 36695-8907
      View Details
    • Value Estimation by Request
      1,214 SF

      9211 Cottage Hl Rd

      RESTAURANT • 1,214 SF
      9211 Cottage Hl Rd, Mobile, AL 36695-8341
      View Details
    • Value Estimation by Request
      1,850 SF

      560 Schillinger S Rd

      RESTAURANT • 1,850 SF
      560 Schillinger S Rd, Mobile, AL 36695-8905
      View Details
    • Value Estimation
      $1,095,000
      7,798 SF

      880 Schillinger S Rd

      RESTAURANT • 7,798 SF
      880 Schillinger S Rd, Mobile, AL 36695-8927
      View Details
    • Value Estimation by Request
      1,706 SF

      2324 Schillinger S Rd

      RESTAURANT • 1,706 SF
      2324 Schillinger S Rd, Mobile, AL 36695
      View Details
    • Value Estimation
      $1,885,000
      7,241 SF

      725 Schillinger S Rd

      RESTAURANT • 7,241 SF
      725 Schillinger S Rd, Mobile, AL 36695-8909
      View Details

    Similar Nearby for Sale

    • $850,000
      2.40 Acres

      Prime Development Location in Mobile

      2.4 Acres ideal for retail, gas station, or restaurant.
      9250 Jeff Hamilton Road Ext, Mobile, AL 36695
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    • $1,850,000
      74,052 SF

      Schillinger Road Commercial Land

      ±1.7-acre Mobile, AL commercial property. High traffic location.
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      Car Wash on High-Traffic Corridor

      Specialty car wash property with redevelopment potential in West Mobile.
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    • $375,000

      Cottage Hill Road Commercial Opportunity

      Freestanding commercial building on Cottage Hill Road with expansion potential.
      7256 Cottage Hill Rd, Mobile, AL 36695
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    • $4,600,000
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      Multi-Tenant Retail Center For Sale

      Neighborhood retail center with high occupancy in thriving retail hub.
      960 Schillinger Rd S, Mobile, AL 36695
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    • $570,000
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      Hillcrest Park Professional Office Building

      Professional office building near Hillcrest Road with multiple units.
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    Similar Nearby for Lease

    • $25 SF/Yr
      1,874 SF

      Schillinger Rd Retail Space For Lease

      West Mobile retail space with drive-thru. High visibility, ample parking.
      2396 Schillinger Rd, Mobile, AL 36695
      View Details
    • Contact for pricing
      1,150 SF

      Retail Space in Hillwood Center

      Retail space available in Hillwood Shopping Center.
      2370 Hillcrest Rd, Mobile, AL 36695
      View Details
    • $15 SF/Yr
      2,500 SF

      Prime Mobile Retail Space

      High-traffic location, 2500 sq ft.
      960 Schillinger Road South, Mobile, AL 36695
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space For Rent

      Retail space available with high traffic counts and great location.
      1218 Hillcrest Rd, Mobile, AL 36695
      View Details
    • $26 SF/Yr
      1,000 SF

      West Mobile Retail End Cap Space

      High-traffic, 1,000 SF end cap, ideal retail location.
      720 Schillinger Rd, Mobile, AL 36695
      View Details
    • $12 SF/Yr
      10,000 SF

      Hillcrest Plaza Retail Space Available

      10,000 sq ft retail space, Mobile, AL.
      831 Hillcrest Road, Mobile, AL 36695
      View Details
    View Listing
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    845 Schillinger Rd S
    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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