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Property profile & analytics
OFF-MARKET
Estimated value
$2,930,000
Hotels
1130 Joaneen Dr 41-43 Saraland, AL 36571-3027
Entity Owned
6-yr Hold
Free & Clear
Property ID
US03-3062117
Property summary
AI-generated overview
This 60-key Country Inn & Suites hotel in Saraland, Alabama, presents a compelling investment opportunity. Built in 2008, this three-story property boasts a current occupancy rate of 87.8% (as of December 30, 2023) and a Net Operating Income (NOI) of $248,960. Pro forma projections indicate a significant increase in NOI to $557,842 and a 12.13% capitalization rate, highlighting the substantial upside potential. Situated on a 1.42-acre lot, the hotel benefits from its convenient location directly off Interstate 65, within the Mobile MSA – Alabama's third-largest metropolitan statistical area. The property's proximity to key businesses, including the University of Mobile, Allied Steel Corporation, Vertex Energy Mobile Refinery, and Austal USA, as well as Downtown Mobile, ensures a consistent stream of guests. This limited-service hotel offers a new owner the chance to leverage the established Choice Hotels brand, reservation system, and guest loyalty program to further enhance revenue and profitability through effective revenue management strategies. The asking price for this exceptional property is $4,600,000, representing a current capitalization rate of 5.41%.
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2010
Total area
35,790 SF
Lot
1.42 ac (61,952 SF)
APN
22 03 08 2 000 029.XXX
UPID
US03-3062117
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
-
Country Inn & Suites by Radisson, Saraland, AL Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.90M
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$2.93M
Owner & transaction history
Gala1 LLC · 6 yrs held
Gala1 LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+22.3%
Commercial (general)
$3.2M
+1.0%
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 Saraland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saraland 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,140,000
6.5%
$2,900,000
7%
$2,695,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,140,000
Current use
OFFICE BUILDING
$3,840,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,170,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,570,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.93M
Range $2.64M – $3.22M · ±10%
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
$82 / 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
Tax billed
$41,708
Tax year 2023
Assessed value
$843,560
Assessed 2023
Previous assessed
$872,160
-3.3% YoY
Effective rate
4.94%
On assessed value
Assessed land
$74,340
Assessed improvement
$769,220
Land market value
$371,700
Improvement market value
$3,846,100
Total market value
$4,217,800
Applied tax rate
16.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
YES
Stories
3
Rooms
62
Bathrooms
3
Total area
35,790 SF
Lot
1.42 ac (61,952 SF)
APN
22 03 08 2 000 029.XXX
UPID
US03-3062117
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
HOTEL/MOTEL Current
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
HOTEL/MOTEL Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2010
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
62
Bathrooms
3
Lot
1.42 ac
Current owner
From public records · entity-resolved
Gala1 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1130 JOANEEN DR, SARALAND, AL 36571-3027
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2019
$3,000,000
Gala1 LLC
Saraland Hotel Group LLC
Warranty Deed
—
Dec 3, 2018
$1,055,000
Saraland Hotel Group LLC
Saraland Hldgs Interstate Trav
Warranty Deed
$800,000 · Magic City Cap
Oct 23, 2014
$2,500,000
Saraland Holdings Interstate T
Beach Cmnty Bk
Quit Claim Deed
related
—
Dec 31, 2013
$2,500,000
Beach Cmnty Bk
Auctioneer Of Mobile County|ltaas Hospitality LLC
Correction Deed
related
—
Aug 9, 2013
$2,500,000
Beach Cmnty Bk
Commissioner Of Mobile County|ltaas Hospitality Ll
Trustees Deed
related
—
Jan 31, 2012
—
Sysco Guest Supply LLC
Sheriff Of Mobile County
Trustees Deed
related
—
Mar 25, 2008
$4,028,250
Ltaas Hospitality LLC
Phillips,cheryl T
Warranty Deed
$3,761,250 · Beach Cmnty Bk
Mar 11, 2008
$267,000
Ltaas Hospitality LLC
Truett,chet T & Jessica L
Warranty Deed
—
Jan 31, 2007
$98,567
Truett,jessica L
Stapleton,vonnie L
Warranty Deed
$97,567 · Countrywide Hm Lns
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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