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Property profile & analytics
FOR SALE
Investment properties
1500 Government St Mobile, AL 36604
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0431937
For Sale
1 / 3
$7,295,000
1500 Government St, Mobile, AL 36604
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2005
Total area
43,357 SF
Lot
4.91 ac (213,716 SF)
APN
29 10 21 4 001 005.XXX
UPID
US03-0431937
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
-
Wild Wing Station Restaurant
-
Sage Health Medical Clinic
-
ABC SELECT SPIRITS (Bike/Boat/Book/etc) Store
-
Check Into Cash Loan Service
-
Easy Cash Store Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.01M
Blend (final)
Blend
$5.28M
Owner & transaction history
Grp Ents LLC · 9 yrs held
Grp Ents LLC
since 2016
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.7M
+136.6%
Medical building
$8.4M
+128.8%
Industrial (general)
$6.1M
+67.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,660,000
Current use
RESTAURANT
$8,660,000
Change: +137% · Conversion: Difficult
MEDICAL BUILDING
$8,375,000
Change: +129% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,120,000
Change: +67% · Conversion: Moderate
OFFICE BUILDING
$4,725,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$5.28M
Range $4.75M – $5.81M · ±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
$122 / 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
$57,040
Tax year 2023
Assessed value
$894,740
Assessed 2023
Previous assessed
$894,740
+0.0% YoY
Effective rate
6.38%
On assessed value
Assessed land
$128,220
Assessed improvement
$766,520
Land market value
$641,100
Improvement market value
$3,832,600
Total market value
$4,473,700
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
2005
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Bathrooms
12
Total area
43,357 SF
Lot
4.91 ac (213,716 SF)
APN
29 10 21 4 001 005.XXX
UPID
US03-0431937
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
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
RESTAURANT
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$8.4M
INDUSTRIAL (GENERAL)
Est. value
$6.1M
OFFICE BUILDING
Est. value
$4.7M
COMMERCIAL (GENERAL) Current
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
12
Lot
4.91 ac
Current owner
From public records · entity-resolved
Grp Ents LLC
Entity
Mailing address
1926 TELEGRAPH RD, MOBILE, AL 36610-4142
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2023
—
Grp Enterprises LLC
—
Deed
related
$4,350,000 · Cadence Bank NA
Nov 9, 2016
$5,895,000
Grp Ents LLC
Hendgen Mcminnville Hb LLC
Warranty Deed
$4,716,000 · Bancorpsouth
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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