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Property profile & analytics
OFF-MARKET
Land

7623 old shell road Mobile, AL 36608

Property ID
No photo on file
Map unavailable
Property summary
AI-generated overview

This 1.01-acre property, located at 7623 Old Shell Road in Mobile, Alabama, 36608, presents a unique investment opportunity. Situated near Schillinger Road, this multi-functional lot offers significant potential for commercial development. Currently zoned for residential use, the property allows for exploration of rezoning possibilities to suit various commercial ventures. The existing 1400 square foot home on the property is included in the sale price of $230,000 but is conveyed "as is" and requires repairs or demolition. The property also features a shed providing additional storage space. The lot itself is wooded, offering a degree of privacy despite its convenient location. The buyer is responsible for verifying all information deemed important before purchase. This property's prime location and versatile nature make it an attractive prospect for investors seeking a high-potential development site in a busy and desirable area of Mobile. The lot size is 1.01 acres. All information should be independently verified.

Property profile
Verified
Property type Land
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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