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Property profile & analytics
OFF-MARKET
Warehouses
2262 Hillcrest Rd Mobile, AL 36695-3808
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0585006
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Total area
25,100 SF
Lot
7.88 ac (343,166 SF)
APN
33 03 05 1 000 002.001
UPID
US03-0585006
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
-
Hillcrest Self Storage Storage Facility
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
Public Storage Operating Company · 1 yrs held
Public Storage Operating Company
since 2024
Last sale
$5.9M
6 recorded transactions
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
$53,284
Tax year 2023
Assessed value
$688,880
Assessed 2023
Previous assessed
$688,880
+0.0% YoY
Effective rate
7.73%
On assessed value
Assessed land
$133,540
Assessed improvement
$555,340
Land market value
$667,700
Improvement market value
$2,776,700
Total market value
$3,444,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
1
Bathrooms
1
Total area
25,100 SF
Lot
7.88 ac (343,166 SF)
APN
33 03 05 1 000 002.001
UPID
US03-0585006
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
Year built
2022
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
1
Lot
7.88 ac
Current owner
From public records · entity-resolved
Public Storage Operating Company
Entity
Free & Clear · 1 yrs held
Mailing address
319 SS DR, NATCHITOCHES, LA 71457-5060
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
$5,900,000
Public Storage Operating Company
Hillcrest Self Storage LLC
Warranty Deed
—
Sep 8, 2022
—
Hillcrest Self Storage LLC
—
Deed
related
$538,000 · Trustmark National Bank
Sep 7, 2021
—
Hillcrest Self Storage LLC
—
Deed
related
$1,994,500 · Trustmark National Bank
Sep 19, 2018
$425,000
Hillcrest Self Storage LLC
Community Church Ministries INC
Warranty Deed
$1,975,000 · Trustmark National Bank
Jun 14, 2016
$300,000
Community Church Ministries INC
Kc Propco LLC
Special Warranty Deed
$720,000 · Regions Bank
Dec 6, 2005
$923,406
Kc Propco LLC
Kindercare Learning Centers In
Grant Deed
$650,000,000 · Other Institutional Lenders
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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