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Property profile & analytics
OFF-MARKET
Estimated value
$12,150,000
Hotels
251 Government St Mobile, AL 36602-2615
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0155338
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1940
Total area
125,147 SF
Lot
0.73 ac (31,973 SF)
APN
29 06 40 0 011 115.XXX
UPID
US03-0155338
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
-
Le Moyne's Chophouse Restaurant
-
Premium Parking - P2609 Parking Lot & Garage
-
The Admiral Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.85M
CAP Approach
CAP
$10.14M
Comparable Approach
Comparable
$13.12M
Blend (final)
Blend
$12.15M
Owner & transaction history
251 Government Street Property Owne · 4 yrs held
251 Government Street Property Owne
since 2022
Last sale
$14.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$17.7M
+62.9%
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
$16,165,000
ML approach
$9,850,000
CAP Approach
CAP Return
Estimation
6%
$10,985,000
6.5%
$10,140,000
7%
$9,415,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$10,845,000
Current use
INDUSTRIAL (GENERAL)
$17,665,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,565,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$12.15M
Range $10.94M – $13.37M · ±10% · vs last sale $14.10M (Jun 27 2022)
Last sale anchor
$14.10M
Jun 27 2022
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
$97 / 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
$179,230
Tax year 2023
Assessed value
$2,985,720
Assessed 2023
Previous assessed
$2,985,720
+0.0% YoY
Effective rate
6.00%
On assessed value
Assessed land
$63,980
Assessed improvement
$2,921,740
Land market value
$319,900
Improvement market value
$14,608,700
Total market value
$14,928,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1940
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
12
Rooms
15
Bathrooms
14
Total area
125,147 SF
Lot
0.73 ac (31,973 SF)
APN
29 06 40 0 011 115.XXX
UPID
US03-0155338
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
HOTEL/MOTEL Current
Est. value
$10.8M
INDUSTRIAL (GENERAL)
Est. value
$17.7M
COMMERCIAL (GENERAL)
Est. value
$10.6M
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1940
Heating
FORCED AIR
Cooling
Yes
Stories
12
Buildings
2
Rooms
15
Bathrooms
14
Lot
0.73 ac
Current owner
From public records · entity-resolved
251 Government Street Property Owne
Entity
Mailing address
174 E BAY ST STE #202, CHARLESTON, SC 29401-2133
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2022
$14,100,000
251 Government Street Property Owne
Alabama Hotels LLC
Warranty Deed
—
Aug 30, 2018
—
Alabama Hotels LLC
—
Deed
related
$16,560,000 · Priorityone Bk
Jul 13, 2016
—
Alabama Hotels LLC
—
Deed
related
$14,300,000 · Mutual/omaha Bk
Nov 24, 2014
—
Alabama Hotels LLC
—
Loan Modification
related
$8,500,000 · Bank Of The Ozarks
May 20, 2014
$4,000,000
Alabama Hotels LLC
Asha LLC
Warranty Deed
$2,905,000 · Bank Of The Ozarks
Aug 6, 2010
$3,139,000
Asha LLC
Admiral Semmes Hotel II Ltd
Warranty Deed
—
—
—
Admiral Semmes Hotel II Ltd
—
Deed Of Trust
related
$300,000 · Regions Bk
—
—
Admiral Semmes Hotel II Ltd
—
Deed Of Trust
related
$254,250 · Richard Anderson
—
—
Alabama Hotels LLC
—
Deed Of Trust
related
$14,300,000 · Mutual/omaha Bk
—
—
Alabama Hotels LLC
—
Deed Of Trust
related
$16,560,000 · Priorityone Bk
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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