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Property profile & analytics
OFF-MARKET
Estimated value
$2,795,000
Motels
1520 Matzenger Dr Mobile, AL 36605-5157
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0633878
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1982
Construction
FRAME
Total area
39,892 SF
Lot
3.05 ac (132,945 SF)
APN
32 02 37 0 002 008.XXX
UPID
US03-0633878
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
-
Extended Stay Motel Hotel & Motel
-
OYO Hotel Mobile AL I-10 Hotel & Motel
-
City Port Townsend nn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.13M
CAP Approach
CAP
$3.23M
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.80M
Owner & transaction history
Affordable Housing Mobile LLC · 3 yrs held
Affordable Housing Mobile LLC
since 2023
Last sale
$2.4M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.4M
+25.8%
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
$2,880,000
ML approach
$3,125,000
CAP Approach
CAP Return
Estimation
6%
$3,500,000
6.5%
$3,230,000
7%
$3,000,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,455,000
Current use
OFFICE BUILDING
$4,350,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,365,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.80M
Range $2.52M – $3.07M · ±10% · vs last sale $2.35M (Apr 28 2023)
Last sale anchor
$2.35M
Apr 28 2023
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
$70 / 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
$15,905
Tax year 2023
Assessed value
$253,440
Assessed 2023
Previous assessed
$253,440
+0.0% YoY
Effective rate
6.28%
On assessed value
Assessed land
$20,700
Assessed improvement
$232,740
Land market value
$103,500
Improvement market value
$1,163,700
Total market value
$1,267,200
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1982
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
14
Bathrooms
3
Total area
39,892 SF
Lot
3.05 ac (132,945 SF)
APN
32 02 37 0 002 008.XXX
UPID
US03-0633878
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
HOTEL/MOTEL Current
Est. value
$3.5M
OFFICE BUILDING
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
HOTEL/MOTEL Current
OFFICE 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
1982
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
14
Bathrooms
3
Lot
3.05 ac
Current owner
From public records · entity-resolved
Affordable Housing Mobile LLC
Entity
Free & Clear · 3 yrs held
Mailing address
246 SATILLA DR, BRUNSWICK, GA 31523-6345
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Apr 28, 2023
$2,350,000
Affordable Housing Mobile LLC
Mobile Fund LLC
Warranty 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.
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