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Property profile & analytics
FOR SALE
Medical Office Space
1605 Hillcrest Rd Mobile, AL 36695
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0600906
For Sale
1 / 47
$899,000
1605 Hillcrest Rd, Mobile, AL 36695
View Listing →
Property summary
AI-generated overview
This exceptional Class A medical office building, totaling 5,056 square feet, is situated on a prominent corner lot in West Mobile, Alabama, at 1605 Hillcrest Rd, zip code 36695. Built in 1997, this two-story building boasts a desirable location with high visibility and accessibility, featuring approximately 150 feet of frontage on Hillcrest Road and 240 feet on Pointe West Road. A full median cut on Hillcrest Road ensures easy ingress and egress. The property includes 45 parking spaces and benefits from a B3 - Community Business zoning designation, offering flexibility for various uses. The first floor encompasses approximately 4,261 square feet and comprises two exam rooms, a reception area, finance office, three doctors' offices, two treatment areas, wet and dry labs, an imaging room, darkroom, records room, sterilization room, two doctors' restrooms, two public restrooms, and a waiting room. The second floor, approximately 750 square feet, includes a conference room, break room, supply/file storage, and an additional restroom. The asking price is $1,095,000, translating to $216.57 per square foot. This well-maintained property enjoys high traffic counts on Hillcrest Road (24,538 vehicles daily in 2022) and proximity to numerous amenities including Winn-Dixie, Starbucks, McDonald's, CVS, and Waffle House. The APN is R022808332000003.002. The lot size is 36,187 square feet. This presents a unique opportunity for investors and medical professionals alike.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Total area
5,409 SF
Lot
0.83 ac (36,155 SF)
APN
28 08 33 2 000 003.002
UPID
US03-0600906
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
-
Dr. John R. Goodloe Jr, DMD Dental Office
-
Rosalyn Salter DMD Dental Office
-
Hillcrest Orthodontics, P.C. Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$850k
Owner & transaction history
Rosalyn Jongebloed Salter · 4 yrs held
Rosalyn Jongebloed Salter
since 2021
Last sale
$633,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+6.4%
Restaurant
$1.1M
+3.4%
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
$800,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,045,000
Current use
RETAIL STORES
$1,110,000
Change: +6% · Conversion: Difficult
RESTAURANT
$1,080,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $633k (Nov 19 2021)
Last sale anchor
$633k
Nov 19 2021
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
$157 / 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
$9,866
Tax year 2023
Assessed value
$152,520
Assessed 2023
Previous assessed
$152,520
+0.0% YoY
Effective rate
6.47%
On assessed value
Assessed land
$50,660
Assessed improvement
$101,860
Land market value
$253,300
Improvement market value
$509,300
Total market value
$762,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1997
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
5,409 SF
Lot
0.83 ac (36,155 SF)
APN
28 08 33 2 000 003.002
UPID
US03-0600906
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
MEDICAL BUILDING Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING Current
RETAIL STORES
RESTAURANT
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Rosalyn Jongebloed Salter
Individual
Mailing address
9565 SCOTT DAIRY LOOP RD S, MOBILE, AL 36695-8219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Nov 19, 2021
$633,000
Rosalyn Jongebloed Salter
Rosalyn J Salter
Deed
—
May 9, 2011
$387,500
Salter,rosalyn J
Goodloe,j Russell JR
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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