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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
1428 Hillcrest Rd, Mobile, AL 36695-3926
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0428047
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Total area
4,104 SF
Lot
0.35 ac (15,115 SF)
APN
28 09 32 1 000 001.052
UPID
US03-0428047
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
-
William M. Owens Holdings LLC Insurance Agency
-
Jeremy Knight - The Knight Group - Bellator Real Estate & Development Real Estate Agency
-
Jennifer Ballard, Bellator Real Estate & Dev. Mobile Real Estate Agency
-
Rameh Khazen : Bellator Real Estate & Development Real Estate Agency
-
Bellator Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$356k
Blend (final)
Blend
$545k
Owner & transaction history
1428 Hcr LLC · 2 yrs held
1428 Hcr LLC
since 2024
Last sale
$545,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$845,000
+88.5%
Medical building
$795,000
+77.2%
Commercial (general)
$620,000
+38.5%
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
$545,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$445,000
Current use
RETAIL STORES
$845,000
Change: +88% · Conversion: Moderate
MEDICAL BUILDING
$795,000
Change: +77% · Conversion: Easy
COMMERCIAL (GENERAL)
$620,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $545k (Jun 18 2024)
Last sale anchor
$545k
Jun 18 2024
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
$133 / 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
$4,852
Tax year 2023
Assessed value
$75,220
Assessed 2023
Previous assessed
$75,220
+0.0% YoY
Effective rate
6.45%
On assessed value
Assessed land
$21,180
Assessed improvement
$54,040
Land market value
$105,900
Improvement market value
$270,200
Total market value
$376,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
5
Total area
4,104 SF
Lot
0.35 ac (15,115 SF)
APN
28 09 32 1 000 001.052
UPID
US03-0428047
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
OFFICE BUILDING Current
Est. value
$445,000
RETAIL STORES
Est. value
$845,000
MEDICAL BUILDING
Est. value
$795,000
COMMERCIAL (GENERAL)
Est. value
$620,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (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
1993
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
5
Lot
0.35 ac
Current owner
From public records · entity-resolved
1428 Hcr LLC
Entity
Mailing address
106 N CRK CIR FAIRHOPE
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
—
Richard Burton
—
Deed
related
$256,000 · Cherry Pointe Properties
Jun 18, 2024
$545,000
1428 Hcr LLC
William Shane Owens
Warranty Deed
—
Oct 9, 2020
—
William Shane Owens
—
Deed
related
$250,000 · Bancorpsouth Bank
May 10, 2019
—
William S Owens
—
Deed
related
$25,000 · Community Bk/ms
Jul 2, 2018
—
William S Owens
—
Deed
related
$247,500 · Community Bk/ms
—
—
William S Owens
—
Deed Of Trust
related
$25,000 · Community Bk/ms
—
—
Owens,w M & Sheilah T
—
Loan Modification
related
$77,250 · Regions Bk
—
—
William S Owens
—
Deed Of Trust
related
$247,500 · Community Bk/ms
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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