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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Medical Office Space
210 Government St Mobile, AL 36602-2614
Entity Owned
Absentee Owner
Free & Clear
Property ID
US03-0740679
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1948
Total area
8,622 SF
Lot
0.36 ac (15,638 SF)
APN
29 06 40 0 011 041.XXX
UPID
US03-0740679
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
-
Springhill Medical Center Clinic: Ledet Michael MD Physician
-
Linda Sullivan, CRNP Physician
-
Tormod, LLC - A Hargrove Company Engineering Consultant
-
O'Chab Kim Physician
-
Becker Eric DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$908k
Blend (final)
Blend
$1.33M
Owner & transaction history
HEBRIDES LLC, AN ALABAMA LIMITED LIABILITY CO
HEBRIDES LLC, AN ALABAMA LIMITED LIABILITY CO
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+6.4%
Restaurant
$1.7M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,950,000
6.5%
$1,800,000
7%
$1,675,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,665,000
Current use
RETAIL STORES
$1,770,000
Change: +6% · Conversion: Difficult
RESTAURANT
$1,720,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$1,530,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±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
$154 / 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
$16,179
Tax year 2023
Assessed value
$253,560
Assessed 2023
Previous assessed
$253,560
+0.0% YoY
Effective rate
6.38%
On assessed value
Assessed land
$31,280
Assessed improvement
$222,280
Land market value
$156,400
Improvement market value
$1,111,400
Total market value
$1,267,800
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
Off-Market
Year built
1948
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
1
Bathrooms
6
Total area
8,622 SF
Lot
0.36 ac (15,638 SF)
APN
29 06 40 0 011 041.XXX
UPID
US03-0740679
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
$1.7M
RETAIL STORES
Est. value
$1.8M
RESTAURANT
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING Current
RETAIL STORES
RESTAURANT
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
1948
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
6
Lot
0.36 ac
Current owner
From public records · entity-resolved
HEBRIDES LLC, AN ALABAMA LIMITED LIABILITY CO
Entity
Free & Clear · 0 yrs held
Mailing address
20 S ROYAL ST, MOBILE, AL 36602-3202
Mailing matches property
Different — outreach signal
Owner-occupied
No
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.
Try Rey
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