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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
1303 Michigan Ave Mobile, AL 36605-1604
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0475871
Property summary
AI-generated overview
460 sq. ft. 1303 legal description BEG NE COR LOT 1 BLK 9 MELROSE PLACE DBK 134 P 562 TH RUN S ALG MONTROSE ST 100 FT TH W 78 FT TO PT ON W\/S MICHIGAN AVE TH NELY ALG SD AVE 63.11 FT TH E 15 FT TH NELY 50 FT TO W\/L OF LOT 1 TH E 40 FT TO POB #SEC 34 T4S R1W #MP29 11 34 2 000 KEY NO 965414 BUYER and \/or BUYERS AGENT TO VERIFY ALL FACTS
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1988
Total area
3,729 SF
Lot
0.14 ac (6,050 SF)
APN
29 11 34 2 000 080.XXX
UPID
US03-0475871
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
-
April's Mane Attraction Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kevin Jones · 1 yrs held
Kevin Jones
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$978
Tax year 2023
Assessed value
$14,920
Assessed 2023
Previous assessed
$14,920
+0.0% YoY
Effective rate
6.55%
On assessed value
Assessed land
$1,220
Assessed improvement
$13,700
Land market value
$6,100
Improvement market value
$68,500
Total market value
$74,600
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1988
Heating
NONE
Stories
1
Rooms
1
Bathrooms
2
Total area
3,729 SF
Lot
0.14 ac (6,050 SF)
APN
29 11 34 2 000 080.XXX
UPID
US03-0475871
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
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
1
Rooms
1
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Kevin Jones
Individual
Free & Clear · 1 yrs held
Mailing address
28 N FLORIDA ST, MOBILE, AL 36607-3108
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
$57,800
Kevin Jones
April P Beard
Quitclaim Deed
related
—
Dec 26, 2024
$1,010
Thames Jackson Harris Company
Sheriff Of The County Of Mobile
Deed
—
Sep 1, 2023
$1,025
Thomas Jackson
Dexter L Hart
Sheriffs Deed
related
—
Dec 21, 2020
$38,500
April T Beard
Karl D Beard
Grant Deed
related
—
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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