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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1947 Duval St Mobile, AL 36606-1107

    • Sports & entertainment properties
    • 10,614 SF
    • 1.34 lot acres
    OFF-MARKET
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0799377
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Knights of Columbus / Fraternal Organization
    • Destination Church Dream Center / Church

    Property Details for 1947 Duval St

    Lot size
    1.34 lot acres
    Property size
    10,614 SF
    Property type
    Sports & entertainment properties
    APN
    29 10 28 3 003 073.XXX
    APU
    2910283003073XXX

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $349,000
      Market price range: $198k - $841k
      AI Estimate
      $269,000
      Market price range: $194k - $592k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.087
    Latitude
    30.6629
    CBSA code
    33660
    CBSA name
    MOBILE, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,022
    $5,840
    $89,000
    $94,840
    -
    $29,200
    $445,000
    $474,200

    Comparable in this City

    • Value Estimation
      $340,000
      7,134 SF

      855 Mcrae Ave

      RECREATIONAL, ENTERTAINMENT • 7,134 SF
      855 Mcrae Ave, Mobile, AL 36606-4519
      View Details
    • Value Estimation
      $300,000
      1,988 SF

      1911 Halls Ml Rd

      RECREATIONAL, ENTERTAINMENT • 1,988 SF
      1911 Halls Ml Rd, Mobile, AL 36606-1127
      View Details
    • Value Estimation
      $285,000
      2,337 SF

      707 Holcombe Ave

      RECREATIONAL, ENTERTAINMENT • 2,337 SF
      707 Holcombe Ave, Mobile, AL 36606-4243
      View Details
    • Value Estimation
      $295,000
      5,088 SF

      631 Houston St

      RECREATIONAL, ENTERTAINMENT • 5,088 SF
      631 Houston St, Mobile, AL 36606-4320
      View Details
    • Value Estimation
      $315,000
      2,473 SF

      1809 Duncan St

      RECREATIONAL, ENTERTAINMENT • 2,473 SF
      1809 Duncan St, Mobile, AL 36606-4339
      View Details
    • Value Estimation
      $430,000
      11,590 SF

      2810 Pleasant Vly Rd

      RECREATIONAL, ENTERTAINMENT • 11,590 SF
      2810 Pleasant Vly Rd, Mobile, AL 36606-2739
      View Details

    Similar Nearby for Sale

    • $1,855,250
      1.81 Acres

      Mobile Prime Development Site

      1.81 Acres, High-Traffic Location
      0 Airport Blvd, Mobile, AL 36606
      View Details
    • $70,000

      Mobile Commercial Land - $70k

      64,272 SF lot, B-3 zoning, owner financing.
      0 Halls Ml Rd & Mcvay Dr, Mobile, AL 36606
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    • $550,000
      3,284 SF

      Midtown Mobile Class A Office

      Executive/Medical Office, Climate-Controlled Garage
      725 Executive Park Dr, Mobile, AL 36606
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    • $70,000

      Mobile Commercial Land - Lot 6

      Prime Mobile, AL commercial lot; $70,000
      0 Halls Ml Rd & Mcvay Dr, Mobile, AL 36606
      View Details
    • Contact for pricing
      0.70 Acres

      Mobile I-65 Retail Outparcels

      High-traffic retail land, Costco-anchored center.
      I-65 Highway 90, Mobile, AL 36606
      View Details
    • $300,000
      6,487 SF

      Prime Mobile Retail Space

      High-traffic location, 6,487 sq ft, sale or lease.
      717 Dauphin Island Pkwy, Mobile, AL 36606
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      40,000 SF

      Mobile Retail Center Investment Opportunity

      High-traffic retail spaces available in Mobile, AL
      1250 Satchel Paige Dr, Mobile, AL 36606
      View Details
    • $14 SF/Yr
      159,522 SF

      Bel Air Office Park II Suites Available

      Mobile, AL Office Space: Flexible layouts, prime location.
      2970 Cottage Hill Rd, Mobile, AL 36606
      View Details
    • $14 SF/Yr
      6,654 SF

      Midtown Park Office Space Available

      Modern Mobile Office & Warehouse
      22 Midtown Park W, Mobile, AL 36606
      View Details
    • $1,800 /Mo
      1,200 SF

      Mobile Office Space - 1200 SF

      1200 sq ft office suite, prime Mobile location.
      3168 Midtown Park S, Mobile, AL 36606
      View Details
    • $14 SF/Yr
      1,875 SF

      Dauphin Street Office Space Available

      Modern Mobile Office Suite, 1875 sq ft.
      2866 Dauphin St, Mobile, AL 36606
      View Details
    • $18 SF/Yr
      1,188 SF

      Mobile Office Space For Lease

      Prime Mobile office suite, 1188 sq ft.
      3280 Dauphin St, Mobile, AL 36606
      View Details
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    1947 Duval St
    Mobile, AL 36606-1107
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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