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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9050 Airport Blvd Mobile, AL 36608

    • Commercial land
    • 4.10 lot acres
    For Sale
    View listing
    $557,430
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2048506
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for 9050 Airport Blvd

    Lot size
    4.10 lot acres
    Property type
    Commercial land
    APN
    27 07 26 0 000 050.01X
    APU
    270726000005001X

    Description

    This exceptional 13-acre commercial land parcel is strategically located at 9050 Airport Boulevard in Mobile, Alabama, zip code 36608. The property boasts a flat topography, offering minimal site preparation challenges and excellent visibility from Airport Boulevard. Its prime location across from Baker High School positions it within a high-growth area, presenting significant development potential. The zoning allows for a variety of uses, including multi-family residential, light industrial, self-storage facilities, and medical offices. This versatility makes it an attractive investment for developers seeking diverse project options. The seller is open to considering land division to accommodate smaller-scale projects and is willing to explore financing options for qualified buyers. The asking price for the entire 13-acre tract is $1,385,000. This presents a unique opportunity to acquire a substantial land holding in a rapidly developing area of Mobile, Alabama. The property's flat terrain and high visibility make it ideal for a wide range of commercial ventures. Serious inquiries are encouraged to explore the possibilities and discuss potential development plans. Detailed site plans and further information are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.2562
    Latitude
    30.6735
    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
    $1,156
    $23,840
    $0.00
    $23,840
    -
    $119,200
    $0.00
    $119,200

    Comparable in this City

    • Value Estimation by Request

      0.58 Acres Vacant Lot For Sale

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      0.89 Acres

      Schillinger N Rd

      VACANT COMMERCIAL LAND • 0.89 Acres
      Schillinger N Rd, Mobile, AL 36608
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    • Value Estimation by Request
      0.64 Acres

      Schillinger Rd

      VACANT COMMERCIAL LAND • 0.64 Acres
      Schillinger Rd, Mobile, AL 36608
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    • Value Estimation by Request
      1.08 Acres

      401 Schillinger N Rd

      VACANT COMMERCIAL LAND • 1.08 Acres
      401 Schillinger N Rd, Mobile, AL 36608-5203
      View Details
    • Value Estimation by Request
      2.53 Acres

      Old Shell Rd

      VACANT COMMERCIAL LAND • 2.53 Acres
      Old Shell Rd, Mobile, AL 36608
      View Details
    • Value Estimation by Request
      4.18 Acres

      8501 Airport Blvd

      VACANT COMMERCIAL LAND • 4.18 Acres
      8501 Airport Blvd, Mobile, AL 36608-9645
      View Details

    Similar Nearby for Sale

    • $225,000
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    • $125,000

      Land with Schillinger Road Access

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    Similar Nearby for Lease

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      Prime Mobile, AL Land Lease Opportunity

      1.39-acre lot, high-traffic location.
      5559 Old Shell Rd, Mobile, AL 36608
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    • $50,000
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      Prime Mobile Outparcel Land Lease

      High-visibility land, ideal for retail. 4,500 sq ft, excellent location.
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    • $125,000
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      Prime Mobile, AL Land - Airport Access

      5.5 acres, high-traffic location, near Mobile Regional Airport.
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    • $125,000

      Land for Lease in Mobile

      3.3 acres of land available for lease.
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    • $125,000
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      Mobile Commercial Land Lease Opportunity

      High-traffic location, 0.58 acres, $125,000 annually.
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    • New
      $1,260 /Mo
      98,446 SF

      Cleared Land on Corner Lot

      2.26 acres of cleared land for lease.
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      View Details
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    9050 Airport Blvd
    Mobile, AL 36608
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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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