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    Property profile & analytics

    4820 Government Blvd Mobile, AL 36693-4824

    • Investment properties
    • 2,286 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0068395
    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

    • Track Side Go Karts & Games / Go-Kart Track

    Property Details for 4820 Government Blvd

    Year built
    1994
    Lot size
    0.72 lot acres
    Property size
    2,286 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    33 05 15 1 000 005.004
    APU
    3305151000005004

    Description

    This exceptional turnkey business opportunity presents a profitable and established go-kart track located at 4820 Government Blvd, Mobile, Alabama, 36693. The property boasts a substantial 17,045 square feet of space, spread across two stories within a single building. The asking price is $300,000, translating to a price per square foot of $17.60. This represents a strong investment in a proven, family-oriented entertainment venue. The business operates under a Commercial B-3 zoning permit, ensuring its continued operation within the existing framework. The property's Asset Property Number (APN) is 3305151000005004. This established business is a ready-to-go operation, offering immediate income potential for the new owner. The property's location in Mobile County, Alabama, provides excellent access to a large customer base. This is a rare opportunity to acquire a successful, established business with significant growth potential. The sale includes all necessary equipment and infrastructure to continue operations seamlessly. Serious inquiries are encouraged to explore this lucrative investment opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $505,000
      6.5%
      $470,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $283,000
      Market price range: $96.8k - $317k
      AI Estimate
      $251,000
      Market price range: $67.5k - $252k

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1584
    Latitude
    30.6178
    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
    $2,524
    $5,740
    $31,540
    $37,280
    -
    $28,700
    $157,700
    $186,400

    Comparable in this City

    • Value Estimation
      $320,000
      6,446 SF

      1530 65th Service S Rd

      STORE/OFFICE (MIXED USE) • 6,446 SF
      1530 65th Service S Rd, Mobile, AL 36693-5142
      View Details
    • Value Estimation
      $330,000
      4,052 SF

      3700 Government Blvd

      STORE/OFFICE (MIXED USE) • 4,052 SF
      3700 Government Blvd, Mobile, AL 36693-4306
      View Details
    • Value Estimation
      $4,415,000
      93,345 SF

      4001 Government Blvd

      STORE/OFFICE (MIXED USE) • 93,345 SF
      4001 Government Blvd, Mobile, AL 36693-4727
      View Details
    • Value Estimation
      $265,000
      2,745 SF

      5103 Girby Rd

      STORE/OFFICE (MIXED USE) • 2,745 SF
      5103 Girby Rd, Mobile, AL 36693-5039
      View Details
    • Value Estimation
      $390,000
      18,359 SF

      1216 Azalea Rd

      STORE/OFFICE (MIXED USE) • 18,359 SF
      1216 Azalea Rd, Mobile, AL 36693-2859
      View Details
    • Value Estimation
      $600,000
      21,653 SF

      1616 65th Service S Rd

      STORE/OFFICE (MIXED USE) • 21,653 SF
      1616 65th Service S Rd, Mobile, AL 36693-5102
      View Details

    Similar Nearby for Sale

    • $680,000
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      Mobile Office Building Investment

      Prime multi-tenant office building, high occupancy.
      4080 Government Blvd, Mobile, AL 36693
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    • $395,000
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      Mobile Warehouse & Office Space

      Versatile industrial/commercial property for sale
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    • $696,960

      Former Hospital Site Land

      Vacant land suitable for redevelopment near Highway 90.
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    • $799,000

      Prime Corner Retail Site

      24,435 sqft corner site available for sale or lease.
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    • $99,000
      4.25 Acres

      Waterfront Land Near Golf Course

      4.25 acres of waterfront land near upcoming golf course.
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    • $149,500
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      Mobile Commercial Land - $149,500

      High-traffic 3.23-acre development site.
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    Similar Nearby for Lease

    • $13 SF/Yr
      15,404 SF

      Lloyd Place Executive Office Suites

      Cottage Hill Road retail/office space.
      6207 Cottage Hill Rd, Mobile, AL 36693
      View Details
    • $10 SF/Yr
      1,550 SF

      Mobile Office Space - Hwy 90

      Prime Mobile office, 1550 sq ft.
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      View Details
    • $14 SF/Yr
      2,953 SF

      Office/Warehouse Space with Fenced Yard

      2,953 SF office/warehouse with small fenced yard for rent.
      5462 Able Ct, 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
    • $7 SF/Yr
      2,000 SF

      Mobile Industrial Space For Lease

      Versatile 2,000 sq ft industrial suite. Ideal for various businesses.
      4405 Halls Mill Road, Mobile, AL 36693
      View Details
    • $9 SF/Yr
      38,100 SF

      Mobile Office/Warehouse Space Available

      Large Office/Warehouse in Mobile, AL
      840 Lakeside Dr, Mobile, AL 36693
      View Details
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    4820 Government Blvd
    Mobile, AL 36693-4824
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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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