Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Georgian Dr Mobile, AL 36609

    • Commercial land
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2024
    $775,000
    Value Estimations
    $775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1941380
    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 Georgian Dr

    Lot size
    0.05 lot acres
    Property type
    Commercial land
    APN
    28 08 38 3 001 081.002
    APU
    2808383001081002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $775,000
      ML approach
      $775,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1647
    Latitude
    30.6646
    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
    $93
    $1,460
    $0.00
    $1,460
    -
    $7,300
    $0.00
    $7,300

    Comparable in this City

    • Value Estimation by Request

      1.25 - 1.26 Acres Land For Sale - 6311 Cottage Hill Rd.

      1.25 - 1.26 Acres Land For Sale - 6311 Cottage Hill Rd.
      Cottage Hill Rd, Mobile, AL 36609
      View Details
    • Value Estimation by Request
      0.41 Acres

      500 Georgian Dr

      VACANT COMMERCIAL LAND • 0.41 Acres
      500 Georgian Dr, Mobile, AL 36609-3432
      View Details
    • Value Estimation by Request
      1.00 Acre

      601 Skyline E Dr

      VACANT COMMERCIAL LAND • 1.00 Acre
      601 Skyline E Dr, Mobile, AL 36609-5936
      View Details
    • Value Estimation by Request
      0.41 Acres

      717 Oak Cir E Dr

      VACANT COMMERCIAL LAND • 0.41 Acres
      717 Oak Cir E Dr, Mobile, AL 36609-4221
      View Details
    • Value Estimation by Request
      1.12 Acres

      445 Azalea Rd

      VACANT COMMERCIAL LAND • 1.12 Acres
      445 Azalea Rd, Mobile, AL 36609-1628
      View Details
    • Value Estimation by Request
      1.38 Acres

      634 Azalea Rd

      VACANT COMMERCIAL LAND • 1.38 Acres
      634 Azalea Rd, Mobile, AL 36609-1530
      View Details

    Similar Nearby for Sale

    • $89,900

      Commercial Land on Grelot Road

      Cleared, level lot with high visibility on Grelot Road.
      5901 Grelot Rd, Mobile, AL 36609
      View Details
    • $1,960,000

      Prime Land Near I-65

      21.5 acres near I-65, suitable for apartments or warehouse.
      3451 Pleasant Valley Rd, Mobile, AL 36609
      View Details
    • $549,000
      0.59 Acres

      West Mobile Commercial Corner Lot

      High-traffic corner lot, ideal for retail or office.
      5001 Cottage Hill Rd, Mobile, AL 36609
      View Details
    • $325,000

      Commercial Land on Grelot Road

      3.07 AC commercial land with high traffic and utilities.
      Grelot Rd, Mobile, AL 36609
      View Details
    • $75,000
      0.62 Acres

      Commercial Land in Mobile, AL

      Commercial lot in established park across from Cottage Hill Baptist.
      713 Oak Circle Dr E, Mobile, AL 36609
      View Details
    • $112,000
      30,338 SF

      Vacant Land Tract For Sale

      0.6965 acres of vacant land with B-1 zoning.
      3746 Professional Pkwy, Mobile, AL 36609
      View Details

    Similar Nearby for Lease

    • $50,000
      65,000 SF

      Mobile Commercial Land Lease Opportunity

      1.37 acres, prime Mobile location, NNN lease.
      4666 Oak Ridge Rd, Mobile, AL 36609
      View Details
    • $12 SF/Yr
      13,418 SF

      University Place Executive Offices

      Mobile County Office Space: 1,203 - 6,267 SF
      820 University Blvd, Mobile, AL 36609
      View Details
    • $12 SF/Yr
      76,364 SF

      Hillcrest Marketplace Retail Center

      Mobile, AL: Strong Anchored Center
      6300 Grelot Rd, Mobile, AL 36609
      View Details
    • $4 SF/Yr
      6,249 SF

      Mobile Office Space for Lease

      Flexible Workspaces in Mobile, AL
      1110 Montlimar Dr, Mobile, AL 36609
      View Details
    • $10 SF/Yr
      12,155 SF

      Downtown Mobile Executive Office Space

      Prime Mobile location, suites from 925-1900 sq ft.
      808 Downtowner Blvd, Mobile, AL 36609
      View Details
    • $12 SF/Yr
      990 SF

      Downtown Mobile Office Suite For Lease

      Modern 990 sq ft office, prime location.
      808 Downtowner Boulevard, Mobile, AL 36609
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Georgian Dr
    Mobile, AL 36609
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.