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    Property profile & analytics

    208 Lafayette St Mobile, AL 36604-1503

    • Turn key restaurants
    • 3,567 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $250,000
    Last Sale
    Jul 31, 2025
    $525,000
    Location Intelligence
    Property ID
    US03-0838888
    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

    • Club Elegance / Night Club

    Property Details for 208 Lafayette St

    Year built
    1988
    Lot size
    0.14 lot acres
    Property size
    3,567 SF
    Property type
    Turn key restaurants
    APN
    29 07 25 0 005 169.XXX
    APU
    2907250005169XXX

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0702
    Latitude
    30.6953
    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
    $2,228
    $3,540
    $31,540
    $35,080
    -
    $17,700
    $157,700
    $175,400

    Comparable in this City

    • Value Estimation by Request
      3,446 SF

      916 Charleston St

      RESTAURANT • 3,446 SF
      916 Charleston St, Mobile, AL 36604-3025
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    • Value Estimation
      $400,000
      2,703 SF

      966 Government St

      RESTAURANT • 2,703 SF
      966 Government St, Mobile, AL 36604-2402
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    • Value Estimation
      $955,000
      3,982 SF

      351 George St

      RESTAURANT • 3,982 SF
      351 George St, Mobile, AL 36604-3123
      View Details
    • Value Estimation
      $405,000
      5,444 SF

      1111 Government St

      RESTAURANT • 5,444 SF
      1111 Government St, Mobile, AL 36604-2439
      View Details
    • Value Estimation by Request
      2,757 SF

      1150 Spg Hl Ave

      RESTAURANT • 2,757 SF
      1150 Spg Hl Ave, Mobile, AL 36604-2726
      View Details
    • Value Estimation
      $250,000
      1,546 SF

      1252 Government St

      RESTAURANT • 1,546 SF
      1252 Government St, Mobile, AL 36604-2434
      View Details

    Similar Nearby for Sale

    • $845,000
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      Downtown Mobile Restaurant - Prime Location

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    • $1,150,000
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      Commercial property on Springhill Avenue with parking, ideal for businesses.
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      Prime Development Land For Sale

      0.7 AC parcel in Midtown Mobile with strong demographics.
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      Midtown Office Building For Sale

      Midtown office building with renovation potential and high visibility.
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    Similar Nearby for Lease

    • $15 SF/Yr
      1,250 SF

      Midtown Location with Drive-Thru

      Midtown Mobile location suitable for office or retail with drive-thru.
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      View Details
    • $12 SF/Yr
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      Mobile Medical Office Suite 202

      Prime Medical Office Space, Mobile, AL
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    • $50,000
      3,000 SF

      Retail Space in Midtown Mobile

      Retail and pad site opportunities in a neighborhood shopping center.
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    • $18 SF/Yr
      1,450 SF

      Retail Space in Midtown Mobile

      Retail space for lease in the heart of Mobile.
      1812 Old Shell Rd, Mobile, AL 36604
      View Details
    • $14 SF/Yr
      1,450 SF

      Retail Space on Spring Hill

      Retail space available in a busy Mobile strip center.
      1330 Spring Hill Ave, Mobile, AL 36604
      View Details
    • $18 SF/Yr
      950 SF

      Retail Space on Ann Street

      Retail space available in a well-located building.
      119 S Ann St, Mobile, AL 36604
      View Details
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    208 Lafayette St
    Mobile, AL 36604-1503
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    Realmo Value Estimation

    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.

    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.

    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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