Technical
Financial
Distress signals
Property profile

1242 Montlimar Dr Mobile, AL 36609

OFF-MARKET
Warehouses
Property ID
US03-0830594
8,540 SF 0.76 ac lot Built 1996
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1996
Total area 8,540 SF
Lot 0.76 ac (32,931 SF)
APN 28 07 25 3 000 001.12X
UPID US03-0830594

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
  • Carpet & Flooring Store Hardware & Home Improvement

Location

1242 Montlimar Dr Mobile, AL 36609-1711
Mobile metro Census 3207 MOBILE, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$900k
CAP Approach CAP
$750k
Comparable Approach Comparable
$846k
Blend (final) Blend
$980k

Owner & transaction history

since 2026
Last sale
$800,000
3 recorded transactions
2026
Price N/A
2023
$800,000
2013
$500,000

Zoning & alternative use

Top alternative use upside
Industrial (general) $1.2M +121.9%
Office building $820,000 +51.2%
Commercial (general) $765,000 +40.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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