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Property profile & analytics
FOR SALE
Investment properties
1300 N University Blvd Mobile, AL 36618
Entity Owned
10-yr Hold
Free & Clear
Property ID
US03-2073235
For Sale
$299,000
1300 N University Blvd, Mobile, AL 36618
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2016
Total area
42,064 SF
Lot
5.25 ac (228,777 SF)
APN
28 02 10 1 003 028.004
UPID
US03-2073235
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
-
Walmart House Cleaning Services Hardware & Home Improvement
-
Walmart Home Services Social Service Agency
-
Walmart Patio & Garden Services Landscaping General Contractor
-
Walmart Baby & Nursery Services Social Service Agency Community Center
-
Walmart Home Theater Installation Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.62M
Comparable Approach
Comparable
$5.83M
Blend (final)
Blend
$7.10M
Owner & transaction history
Alabama Wmt LLC · 10 yrs held
Alabama Wmt LLC
since 2015
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.6M
+143.4%
Restaurant
$8.4M
+136.6%
Medical building
$8.1M
+128.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,330,000
6.5%
$8,615,000
7%
$7,995,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,640,000
Change: +143% · Conversion: Easy
RESTAURANT
$8,400,000
Change: +137% · Conversion: Difficult
MEDICAL BUILDING
$8,125,000
Change: +129% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,935,000
Change: +67% · Conversion: Moderate
OFFICE BUILDING
$4,585,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$7.10M
Range $6.39M – $7.80M · ±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
$169 / 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
$66,364
Tax year 2023
Assessed value
$1,027,080
Assessed 2023
Previous assessed
$1,027,080
+0.0% YoY
Effective rate
6.46%
On assessed value
Assessed land
$160,180
Assessed improvement
$866,900
Land market value
$800,900
Improvement market value
$4,334,500
Total market value
$5,135,400
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
2016
Heating
NONE
Buildings
2
Stories
1
Bathrooms
4
Total area
42,064 SF
Lot
5.25 ac (228,777 SF)
APN
28 02 10 1 003 028.004
UPID
US03-2073235
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
RETAIL STORES
Est. value
$8.6M
RESTAURANT
Est. value
$8.4M
MEDICAL BUILDING
Est. value
$8.1M
INDUSTRIAL (GENERAL)
Est. value
$5.9M
OFFICE BUILDING
Est. value
$4.6M
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
2016
Heating
NONE
Stories
1
Buildings
2
Bathrooms
4
Lot
5.25 ac
Current owner
From public records · entity-resolved
Alabama Wmt LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2015
$11,200,000
Alabama Wmt LLC
Twister 303 LLC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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