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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
2243 Halls Ml Rd, Mobile, AL 36606-4601
Entity Owned
Absentee Owner
Free & Clear
Property ID
US03-0877069
Property summary
AI-generated overview
This exceptional 12-acre industrial land parcel, located at 2243 Halls Mill Rd, Mobile, AL 36606, presents a unique investment opportunity. Zoned B-3, this property boasts 951 feet of frontage and offers excellent visibility. Priced at $1,800,000 ($3.44/SF land value), it's ideally suited for various uses including distribution centers, outside storage facilities, and light manufacturing. The land is level, paved, and fenced, providing immediate utility. Currently occupied by a farmers market, the property's location offers significant advantages. It's situated just two miles from the Mobile Aeroplex at Brookley and four miles from the Port of Mobile, providing easy access to major transportation arteries. The surrounding area is a thriving hub of light industrial businesses, retail outlets, showrooms, and offices. The property's APN is 2909510008026XXX. This is a rare opportunity to acquire a well-located, versatile industrial site in the Mobile MSA, Mobile County.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Total area
3,894 SF
APN
29 09 51 0 007 260.001
UPID
US03-0877069
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
-
Big Charlies Produce Food Market Specialty Food Shop
-
Mobile Tropical Flowers Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
GULF COAST STEEL BUILDING
GULF COAST STEEL BUILDING
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$602
Tax year 2023
Assessed value
$9,480
Assessed 2023
Previous assessed
$9,900
-4.2% YoY
Effective rate
6.35%
On assessed value
Assessed improvement
$9,480
Improvement market value
$47,400
Total market value
$47,400
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Heating
NONE
Cooling
AC.OFFICE ONLY
Buildings
2
Stories
1
Rooms
1
Bathrooms
2
Total area
3,894 SF
APN
29 09 51 0 007 260.001
UPID
US03-0877069
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
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
2
Current owner
From public records · entity-resolved
GULF COAST STEEL BUILDING
Individual
Free & Clear · 0 yrs held
Mailing address
12570 HENDERSON CP RD, GRAND BAY, AL 36541-6906
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.
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