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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Medical Office Space
110 Lafayette St Mobile, AL 36604-2208
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-0177438
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
FRAME
Total area
5,080 SF
Lot
0.68 ac (29,825 SF)
APN
29 07 25 0 006 021.XXX
UPID
US03-0177438
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Southern Brain Injury Clinic Crisis Center Medical Clinic
-
About | Themidtownclinic Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$425k
Blend (final)
Blend
$645k
Owner & transaction history
Patrick L Obrian JR · 4 yrs held
Patrick L Obrian JR
since 2022
Last sale
$585,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+6.4%
Restaurant
$1.0M
+3.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mobile submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mobile submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$670,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$980,000
Current use
RETAIL STORES
$1,045,000
Change: +6% · Conversion: Difficult
RESTAURANT
$1,015,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $585k (Jan 26 2022)
Last sale anchor
$585k
Jan 26 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$127 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$121,220
Assessed 2023
Previous assessed
$121,220
+0.0% YoY
Assessed land
$29,820
Assessed improvement
$91,400
Land market value
$149,100
Improvement market value
$457,000
Total market value
$606,100
Applied tax rate
14.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Bathrooms
6
Total area
5,080 SF
Lot
0.68 ac (29,825 SF)
APN
29 07 25 0 006 021.XXX
UPID
US03-0177438
Jurisdiction
MOBILE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$980,000
RETAIL STORES
Est. value
$1.0M
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING Current
RETAIL STORES
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
6
Lot
0.68 ac
Current owner
From public records · entity-resolved
Patrick L Obrian JR
Individual
Mailing address
205 GOVERNMENT ST, MOBILE, AL 36602-0001
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
$585,000
Patrick L Obrian JR
Iintegrated Pain Mangement LLC
Warranty Deed
—
Nov 16, 2020
—
Integrated Pain Mgmt Of Alabama L
—
Deed
related
$300,000 · Hancock Whitney Bk
Nov 12, 2020
—
Integrated Pain Management Of Al Ll
—
Deed
related
$252,000 · Southern Develpment Council INC
Oct 26, 2020
$580,000
Integrated Pain Management LLC
Lafayette Mobile LLC
Warranty Deed
$240,000 · Whitney Bank
Feb 9, 2015
$552,000
Lafayette Of Mobile LLC
Lafayette Street LLC
Warranty Deed
$412,500 · National Bk/commerce
Feb 19, 2013
—
Mcgill-toolen Catholic High Sc
Most Reverend Thomas J Rodi
Grant Deed
related
—
—
—
Integrated Pain Mgmt Of Alabama L
—
Deed Of Trust
related
$300,000 · Hancock Whitney Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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