Individually Owned Property summary
AI-generated overview
The property is a two-story building combining warehouse and retail/commercial use components, located in Mobile, Alabama less than one mile from the I-65 Springhill exit and near the I-65 service road. Constructed with tilt-up concrete panels and a reinforced concrete slab, the building totals 20,069 square feet on a 1.01-acre site. The first floor comprises approximately 19,000 square feet and includes office space, a cooler room, a commercial kitchen, sales and display areas, and warehouse space. The warehouse portion has a 26-foot eave height and includes three truck loading docks with ground-level doors on the south side for access to the I-65 service road. A large cooler is included, measuring 29.79 feet by 49.91 feet by 20 feet (approximately 29,700 cubic feet) with a temperature range noted as +35°F. The second floor provides 1,069 square feet of heated and cooled space suitable for additional office use or residential conversion, with a bedroom, restroom, and conference room. A 4,013-square-foot mezzanine is available for storage and is accessible via interior steel stairways. The building also includes three commissary kitchens totaling 2,115 square feet.
Property profile
Verified
Property type
Other retail properties
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1993
Total area
19,233 SF
Lot
1.01 ac (43,996 SF)
APN
28 06 24 1 000 005.003
UPID
US03-0912148
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
-
Food Processing Plant Factory
-
Food Processing Plant Factory
-
Big Box & Wholesale Store Distribution Center
-
Specialty Food Shop Candy Store
-
Service Establishment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$420k
Owner & transaction history
since 2013
1 recorded transaction
Zoning & alternative use
Top alternative use upside
Industrial (general)
$2.7M
+110.1%
Commercial (general)
$2.1M
+66.2%
Office building
$1.5M
+12.5%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$420k
Value range
$378k – $462k
±10% around blend
Estimated value / SF
$22 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$378k
blend $420k
$462k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,233 SF
Lot area
1.01 ac
Year built
1993
Stories
1
APN
28 06 24 1 000 005.003
Assessed value
$243,560
Annual tax
$15,686
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$871k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.4 mi away · 14,160 SF
5.0 mi away · 16,000 SF
5.4 mi away · 16,560 SF
6.8 mi away · 15,840 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$420k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 40 sales
$67
-67%
Submarket 203 sales
$70
-69%
County 308 sales
$66
-67%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $22/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+110%
vs current-use indication
Commercial (general)
Office Building
Service Shop (tv, Radio, Electric, Plumbing) · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$244k
Move the market yield to see immediate price impact.
Value / SF
$13
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$15k
$307k
$219k
$170k
$17k
$341k
$244k
$189k
$19k
$375k
$268k
$208k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.25M
1.8 mi · Aug 2025 · $82/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,686
Tax year 2023
Assessed value
$243,560
Assessed 2023
Previous assessed
$243,560
+0.0% YoY
Effective rate
6.44%
On assessed value
Assessed land
$61,620
Assessed improvement
$181,940
Land market value
$308,100
Improvement market value
$909,700
Total market value
$1,217,800
Applied tax rate
14.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other retail properties
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
10
Bathrooms
5
Total area
19,233 SF
Lot
1.01 ac (43,996 SF)
APN
28 06 24 1 000 005.003
UPID
US03-0912148
Jurisdiction
MOBILE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
10
Bathrooms
5
Lot
1.01 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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