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Property profile & analytics
OFF-MARKET
Estimated value
$3,700,000
Hotels
180 65th Service S Rd Mobile, AL 36608-5950
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0841372
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1983
Total area
50,221 SF
Lot
1.84 ac (80,238 SF)
APN
28 06 24 4 000 004.12X
UPID
US03-0841372
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.47M
CAP Approach
CAP
$4.07M
Comparable Approach
Comparable
$4.33M
Blend (final)
Blend
$3.70M
Owner & transaction history
Lunar Hospitality LLC · 20 yrs held
Lunar Hospitality LLC
since 2005
Last sale
$3.2M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.5M
+25.8%
Commercial (general)
$4.8M
+9.8%
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
$3,920,000
ML approach
$3,465,000
CAP Approach
CAP Return
Estimation
6%
$4,410,000
6.5%
$4,070,000
7%
$3,780,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,350,000
Current use
OFFICE BUILDING
$5,475,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,775,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$3.70M
Range $3.33M – $4.07M · ±10% · vs last sale $3.20M (Sep 22 2023)
Last sale anchor
$3.20M
Sep 22 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
$74 / 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
$49,555
Tax year 2023
Assessed value
$975,020
Assessed 2023
Previous assessed
$922,860
+5.7% YoY
Effective rate
5.08%
On assessed value
Assessed land
$180,560
Assessed improvement
$794,460
Land market value
$902,800
Improvement market value
$3,972,300
Total market value
$4,875,100
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1983
Heating
FORCED AIR
Cooling
YES
Stories
3
Rooms
10
Bathrooms
5
Total area
50,221 SF
Lot
1.84 ac (80,238 SF)
APN
28 06 24 4 000 004.12X
UPID
US03-0841372
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
$4.4M
OFFICE BUILDING
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$4.8M
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
1983
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
10
Bathrooms
5
Lot
1.84 ac
Current owner
From public records · entity-resolved
Lunar Hospitality LLC
Entity
Mailing address
213 ATWATER DR, MADISON, AL 35756-6429
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2005
$2,900,000
Lunar Hospitality LLC
Gulf Coast Hospitality INC
Warranty Deed
—
—
—
Lallubhai P Patel
—
Deed Of Trust
related
$465,000 · Worthington Fed'l Bk
—
—
Cimobile Hospitality LLC
—
Deed Of Trust
related
$189,668 · Bank Independent
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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