Property profile

3168 Midtown S Park Mobile, AL 36606

OFF-MARKET
Commercial land
Property ID
US03-0706563
0.62 ac lot
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a Midtown office suite totaling 570 square feet, situated in a building with 8,956 square feet of total area. The available space is configured with 2 private offices, a lobby/reception area, a file/supply room, and a restroom, and it is fully air-conditioned. The building also includes 4,992 square feet of office space and 3,964 square feet of warehouse space, supporting multiple potential uses within the overall structure. The site is located near Interstate 65 and Dauphin Street, in an area with surrounding retail, banking, dining, light industrial, and professional office activity, and it features ample off-street parking for staff and visitors. Planned building improvements include fresh interior paint and new flooring installation.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.62 ac (26,833 SF)
APN 29 08 19 2 001 047.XXX
UPID US03-0706563

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Photography Service (Bike/Boat/Book/etc) Store
  • Physician Medical Clinic
  • General Contractor
  • Physician Medical Clinic
  • Construction Company

Location

3168 Midtown S Park Mobile, AL 36606-4123
Mobile metro Census 2800 MOBILE, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2019
4 recorded transactions
2019
$390,000
2018
Price N/A
2018
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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