Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    St John Chapel Rd Eight Mile, AL 36613

    • Sports & entertainment properties
    • 7,501 SF
    • 1.94 lot acres
    OFF-MARKET
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1937287
    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

    • Sports & entertainment properties

    Property Details for St John Chapel Rd

    Year built
    2019
    Lot size
    1.94 lot acres
    Property size
    7,501 SF
    Property type
    Sports & entertainment properties
    APN
    23 02 04 0 000 020.XXX
    APU
    2302040000020XXX

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $266,000
      Market price range: $140k - $595k
      AI Estimate
      $314,000
      Market price range: $169k - $612k

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

    Location Insight

    • Map
    • Local Demand
    City
    Eight Mile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1908
    Latitude
    30.8169
    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
    $9,760
    $93,060
    $102,820
    -
    $48,800
    $465,300
    $514,100

    Comparable in this City

    • Value Estimation
      $300,000
      1,860 SF

      4320 Lott Rd

      RECREATIONAL, ENTERTAINMENT • 1,860 SF
      4320 Lott Rd, Eight Mile, AL 36613-3647
      View Details
    • Value Estimation
      $275,000
      1,728 SF

      6550 Spice Pond Rd

      RECREATIONAL, ENTERTAINMENT • 1,728 SF
      6550 Spice Pond Rd, Eight Mile, AL 36613-8404
      View Details
    • Value Estimation
      $295,000
      3,316 SF

      Mt Otter Church Rd

      RECREATIONAL, ENTERTAINMENT • 3,316 SF
      Mt Otter Church Rd, Eight Mile, AL 36613
      View Details
    • Value Estimation
      $340,000
      12,675 SF

      Eight Mile, AL 36613

      RECREATIONAL, ENTERTAINMENT • 12,675 SF
      Eight Mile, AL 36613
      View Details
    • Value Estimation
      $215,000
      9,665 SF

      307 Shelton Bch Rd

      RECREATIONAL, ENTERTAINMENT • 9,665 SF
      307 Shelton Bch Rd, Eight Mile, AL 36613-3521
      View Details
    • Value Estimation
      $565,000
      25,336 SF

      Eight Mile, AL 36613

      RECREATIONAL, ENTERTAINMENT • 25,336 SF
      Eight Mile, AL 36613
      View Details

    Similar Nearby for Sale

    • $299,900
      2.65 Acres

      Commercial Land in Eight Mile, AL

      2.65-acre commercial corner lot zoned B-2 in Eight Mile, AL.
      4930 Lott Rd, Mobile, AL 36613
      View Details
    • $79,000

      Industrial Lot Near I-10

      0.46 AC lot zoned for light industrial use.
      5817 Industrial Pkwy, Theodore, AL 36613
      View Details
    • $427,500

      285 Acres on Jarrett Road

      285 acres of land with road frontage in Eight Mile.
      Jarrett Rd, Eight Mile, AL 36613
      View Details
    • Contact for pricing
      0.67 Acres

      Residential Lot in Summertree Estates

      Affordable building lot in Semmes/Eight Mile area.
      Heather Dr, Eight Mile, AL 36613
      View Details
    • Contact for pricing
      0.42 Acres

      Residential Lot in Established Neighborhood

      Residential lot in established neighborhood, ready for new home construction.
      Richard Ln, Eight Mile, AL 36613
      View Details
    • New
      $245,900
      42.00 Acres

      Eight Mile Land with Timber

      42-acre property with mature timber, open fields, and utilities.
      7350 Kushla Mcleod Rd, Eight Mile, AL 36613
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      62,400 SF

      Saraland Retail Space Available

      Publix-anchored storefront in Saraland, AL.
      21 Shell St, Saraland, AL 36613
      View Details
    • $8 SF/Yr
      1,200 SF

      Grocery Anchored Shopping Center Space

      Established shopping center with retail space for lease.
      4731 Saint Stephens Rd, Prichard, AL 36613
      View Details
    • $8 SF/Yr
      6,554 SF

      Office/Warehouse Building Near I-10

      Office and warehouse space for lease near Tillman's Corner.
      5771 Industrial Pkwy N, Theodore, AL 36613
      View Details
    • $8 SF/Yr
      12,240 SF

      Eight Mile Shopping Center - Prichard, AL

      Grocery-anchored retail space available. High-traffic location.
      4739 St Stephens Rd, Prichard, AL 36613
      View Details
    • $2,300 /Mo
      1,964 SF

      Prime Eight Mile Office Space

      High-visibility corner lot office, 1964 sq ft.
      4546 Saint Stephens Rd, Eight Mile, AL 36613
      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.
    St John Chapel Rd
    Eight Mile, AL 36613
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.