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

    908 Butler Dr Mobile, AL 36693-5106

    • Sports & entertainment properties
    • 6,242 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0552509
    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

    • Local 3907 / Association / Organization
    • Local 55 insulator and asbestos workers / Association / Organization
    • South Alabama Area / Advocacy Group
    • Communications Workers-America / Advocacy Group

    Property Details for 908 Butler Dr

    Year built
    1977
    Lot size
    0.43 lot acres
    Property size
    6,242 SF
    Property type
    Sports & entertainment properties
    APN
    28 07 39 0 004 038.XXX
    APU
    2807390004038XXX

    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
    -88.1311
    Latitude
    30.65
    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
    $0.00
    $22,540
    $31,520
    $54,060
    -
    $112,700
    $157,600
    $270,300

    Comparable in this City

    • Value Estimation by Request
      3,468 SF

      Lees Ln

      RECREATIONAL, ENTERTAINMENT • 3,468 SF
      Lees Ln, Mobile, AL 36693
      View Details
    • Value Estimation
      $2,265,000
      54,000 SF

      2615 Longleaf Dr

      RECREATIONAL, ENTERTAINMENT • 54,000 SF
      2615 Longleaf Dr, Mobile, AL 36693-4027
      View Details
    • Value Estimation
      $3,935,000
      99,230 SF

      6175 Girby Rd

      RECREATIONAL, ENTERTAINMENT • 99,230 SF
      6175 Girby Rd, Mobile, AL 36693-3323
      View Details
    • Value Estimation by Request
      8,611 SF

      4012 Halls Ml Rd

      RECREATIONAL, ENTERTAINMENT • 8,611 SF
      4012 Halls Ml Rd, Mobile, AL 36693
      View Details
    • Value Estimation by Request
      5,098 SF

      4273 Halls Ml Rd

      RECREATIONAL, ENTERTAINMENT • 5,098 SF
      4273 Halls Ml Rd, Mobile, AL 36693-5618
      View Details
    • Value Estimation by Request
      10,310 SF

      5350 Girby Rd

      RECREATIONAL, ENTERTAINMENT • 10,310 SF
      5350 Girby Rd, Mobile, AL 36693-5030
      View Details

    Similar Nearby for Sale

    • $599,000

      Mobile Commercial Land - $599,000

      1.63-Acre Lot, High Visibility, I-65 Access
      3651 Government Blvd, Mobile, AL 36693
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    • $2,100,000

      Automotive Facility Fronting I-65

      Automotive/service facility on 1.28 acres with I-65 frontage.
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    • $220,000

      Industrial Land Parcels Available

      Industrial land parcels for sale in Mobile, Alabama.
      4175 Halls Mill Rd, Mobile, AL 36693
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    • $800,000
      0.51 Acres

      Spacious Machine Shop Near I-65

      9,600 SF machine shop with equipment included, near I-65.
      913 Butler Dr, Mobile, AL 36693
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    • $549,000
      1.67 Acres

      Prime Commercial Lot Near I-65

      1.67-acre commercial lot with high visibility near I-65.
      3651 Government Blvd, Mobile, AL 36693
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    • $3,048,700
      27,000 SF

      Industrial Investment Near I-10, I-65

      27,000 SF industrial property with long-term national credit tenant.
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    Similar Nearby for Lease

    • $25 SF/Yr
      3,000 SF

      Mobile Retail Space - High Traffic Area

      Former Wendy's, 3000 sq ft, NNN Lease
      3957 Cottage Hill Rd, Mobile, AL 36693
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    • $12 SF/Yr
      5,173 SF

      Prime Mobile Office Space Available

      High-visibility office suite, ideal location.
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    • $9 SF/Yr
      4,636 SF

      Mobile Warehouse - Ideal Location

      Versatile warehouse space near I-65 & Mobile Airport.
      732 Lakeside Dr, Mobile, AL 36693
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    • $9,670 /Mo
      166,399 SF

      2060 Service Road

      Land • 3.82 Acres
      2060 Service Road, Mobile, AL 36693
      View Details
    • $12 SF/Yr
      2,250 SF

      Retail Space on Government Blvd

      Retail space available for lease on Government Boulevard.
      3747 Government Blvd, Mobile, AL 36693
      View Details
    • $1,350 /Mo
      2,400 SF

      Mobile Warehouse Space Available

      Spacious storage, ideal for inventory. Lease now!
      705 Lakeside Dr W, Mobile, AL 36693
      View Details
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    908 Butler Dr
    Mobile, AL 36693-5106
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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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