Financial
Distress signals
Property profile

305 Water St Mobile, AL 36603

OFF-MARKET
Office buildings
Property ID
US03-0967670
12,000 SF 0.66 ac lot Built 1978
Last sale Mar 2023 · $1,671,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A 12,000-square-foot commercial building in Downtown Mobile on Water Street, formerly configured as a medical clinic. The building is suitable for a range of uses, including office, medical, retail, or light industrial, with provisions for efficient, customizable floor planning. It includes on-site parking for staff and visitors and provides rear truck access; the structure has potential for adding roll-up doors to support light industrial or logistics-oriented operations. The property is positioned to provide access to both I-10 and I-165.

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

What does the county charge?
Assessed value · 2023$156k
Assessed land$29k
Assessed improvement$128k

Value estimate

· Sep 2026
$2.05M
$1.84M – $2.25M
AI approach$2.00M
Sales comparison$1.07M

Realmo valuation models over county records and 3 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 comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center10.6
HVAC Service9.9
Smoke and Vape Shop9.7

Location

305 Water St Mobile, AL 36603
County assessor Recorded deeds · 1 transfer 3 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
202 Congress, Mobile, AL 36603-6430 $250,000 Jan 2026 4,770 SF
250 Saint Anthony, Mobile, AL 36603-6461 $938,800 Sep 2024 6,967 SF
257 Saint Anthony, Mobile, AL 36603-6460 $297,500 May 2024 4,724 SF
850 Maryland, Mobile, AL 36603 $250,000 Apr 2022 7,154 SF
200 Virginia, Mobile, AL 36603-2018 $45,000 Dec 2019 8,486 SF
156 Saint Anthony, Mobile, AL 36603-6436 $596,000 Apr 2019 6,298 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?”
You own 305 Water St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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