Financial
Distress signals
Property profile

1409 Government St Mobile, AL 36604

FOR SALE
Office buildings
Property ID
US03-0954773
6,642 SF 0.48 ac lot Built 1984
Last sale May 2021 · $230,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property at 1409 Government Street in Midtown Mobile, Alabama is a multi-tenant-configured office building with frontage on Government Street, positioned across from PNC Bank and west of Broad Street. The building has a total size of approximately 6,690 square feet, including about 6,584 square feet of net usable space, and was originally designed to accommodate two tenants, supporting a layout that may be suitable for owner-occupancy alongside leased space. It features a glass storefront

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$61k
Assessed land$13k
Assessed improvement$49k
Effective rate6.52%

Value estimate

· Sep 2026
$290k
$261k – $319k
AI approach$300k
NOI build-up
Gross scheduled income$146k
Vacancy & credit loss−$24k
Operating expenses−$31k
NOI · 21.54% cap applied$92k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$109/SF
Submarket average, outlier-cleaned · 195 recorded sales of this use type
Observed band · Q1–Q3$64 – $170
Qualifying comparables7

Cap rate analysis

How does the asset earn?
21.54%
$92k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMOBILE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.4
Spa & Massage22.8
Dental Office21.6

Location

1409 Government St Mobile, AL 36604
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1060 Spg Hl, Mobile, AL 36604-2724 $400,000 Nov 2023 5,489 SF
109 Lafayette, Mobile, AL 36604-1744 $520,000 May 2023 6,894 SF
1668 Government, Mobile, AL 36604-1109 $1,000,000 Nov 2022 9,660 SF
962 Government, Mobile, AL 36604-2402 $175,000 Dec 2021 7,689 SF
1507 Government, Mobile, AL 36604-2005 $360,000 Jul 2021 4,641 SF
175 Lafayette, Mobile, AL 36604-1549 $210,000 Nov 2020 9,508 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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