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Property profile & analytics
FOR SALE
Warehouses

9723 Airport Blvd Mobile, AL 36608

70,436 SF 2.78 ac lot Built 2018
Entity Owned Absentee Owner Free & Clear
Property ID
US03-2891854
Property summary
AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in Mobile, Alabama. Located at 9723 Airport Blvd, this property boasts 4.69 acres with an impressive 370 feet of frontage on Airport Boulevard, situated just east of Snow Road. The high-traffic location, with a daily count of 19,310 vehicles, ensures excellent visibility and accessibility for any commercial venture. The area is experiencing significant growth, with recent developments including a large self-storage facility and a medical building. Lots are available in sizes ranging from 0.5 to 2.5 acres, with five lots already sold, demonstrating strong market demand. This property benefits from its strategic location, providing easy access to both east and westbound traffic. The trade area extends into Mississippi, further enhancing its market reach. Importantly, the property is located in Mobile County with no zoning restrictions. The seller is flexible and willing to re-subdivide available lots to meet specific needs and will even consider build-to-suit options. Note that the property shares a common detention area. This is a rare opportunity to acquire a substantial parcel of commercial land in a thriving area with significant potential for development.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2018
Total area 70,436 SF
Lot 2.78 ac (121,010 SF)
APN 27 08 27 0 000 005.028
UPID US03-2891854
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Airport 1 Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.93M
Blend (final) Blend
$5.35M
Owner & transaction history
AIR SNOW STORAGE LLC
AIR SNOW STORAGE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $7.7M +71.4%
Commercial (general) $6.7M +49.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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