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Property profile & analytics
OFF-MARKET
Estimated value
$2,565,000
Investment properties
19555 3rd St Citronelle, AL 36522-2029
Entity Owned
6-yr Hold
Free & Clear
Property ID
US03-0683919
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2003
Total area
15,346 SF
Lot
2.32 ac (100,972 SF)
APN
04 07 36 2 000 008.XXX
UPID
US03-0683919
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
by Request
CAP Approach
CAP
$3.14M
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.57M
Owner & transaction history
MORRIS REALTY COMPANY L L C
MORRIS REALTY COMPANY L L C
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.1M
+128.8%
Restaurant
$2.9M
+116.2%
Retail stores
$2.6M
+94.5%
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 Citronelle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Citronelle 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%
$3,405,000
6.5%
$3,140,000
7%
$2,920,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,110,000
Change: +129% · Conversion: Easy
RESTAURANT
$2,940,000
Change: +116% · Conversion: Difficult
RETAIL STORES
$2,645,000
Change: +95% · Conversion: Easy
OFFICE BUILDING
$1,645,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$2.57M
Range $2.31M – $2.82M · ±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
$167 / 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
$12,370
Tax year 2023
Assessed value
$226,980
Assessed 2023
Previous assessed
$226,980
+0.0% YoY
Effective rate
5.45%
On assessed value
Assessed land
$30,300
Assessed improvement
$196,680
Land market value
$151,500
Improvement market value
$983,400
Total market value
$1,134,900
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
1
Total area
15,346 SF
Lot
2.32 ac (100,972 SF)
APN
04 07 36 2 000 008.XXX
UPID
US03-0683919
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
Est. value
$3.1M
RESTAURANT
Est. value
$2.9M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Lot
2.32 ac
Current owner
From public records · entity-resolved
MORRIS REALTY COMPANY L L C
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1382, DOTHAN, AL 36302-1382
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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