Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2565 Government Blvd Mobile, AL 36606

    • Retail properties
    • 10,065 SF
    • 0.57 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Last Sale
    Aug 21, 2023
    $495,000
    Value Estimations
    $560,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0498080
    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

    • Red Mountain Garage Doors Company of Mobile / Garage Door Supplier
    • Pressure Products Inc / Industrial Equipment Supplier / Equipment Supplier
    • JBS Premium Customs / Auto Bodywork Mechanic
    • Gulf Coast Corvettes / Auto Repair Shop
    • Annie's Beauty Salon / Beauty Salon

    Property Details for 2565 Government Blvd

    Year built
    1986
    Lot size
    0.57 lot acres
    Property size
    10,065 SF
    Property type
    Retail properties
    APN
    29 09 29 2 000 108.XXX
    APU
    2909292000108XXX

    Description

    This Mobile, Alabama industrial property, located at 2565 Government Blvd, zip code 36606, offers a unique opportunity for businesses seeking flexible space. The 10,000 square foot building, constructed in 1986, is currently multi-tenant and features a variety of options for lease. Units range from a minimum of 1,250 square feet to a maximum contiguous space of 3,752 square feet. Currently, there is 7,502 square feet of vacant space available, ideal for a variety of uses given its flex/warehouse subtype. The property is situated in Mobile County and benefits from convenient access to major transportation routes (specific details not provided). This property is perfect for businesses needing adaptable space to accommodate their specific needs, whether it's storage, light manufacturing, or retail. The building's age provides an established presence in the area, while the available space allows for customization and growth. Interested parties should inquire about lease terms and availability. The property is classified as industrial with flex and warehouse subtypes, also including retail.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $605,000
      ML approach
      $545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $429,000
      Market price range: $430k - $931k
      AI Estimate
      $552,000
      Market price range: $466k - $1.42M

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $675,000
      Current use
      OFFICE BUILDING
      $760,000
      Change: +12% Conversion: Difficult
      WAREHOUSE, STORAGE
      $640,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1018
    Latitude
    30.6696
    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
    $3,814
    $12,500
    $45,580
    $58,080
    -
    $62,500
    $227,900
    $290,400

    Comparable in this City

    • Value Estimation by Request
      1.81 Acres

      Airport Blvd

      Individual retail properties • 1.81 Acres
      0 Airport Blvd, Mobile, AL 36606
      View Details
    • Value Estimation
      $245,000
      1,412 SF

      3114 Airport Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,412 SF
      3114 Airport Blvd, Mobile, AL 36606-3803
      View Details
    • Value Estimation
      $260,000
      2,643 SF

      2480 Commercial Park Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,643 SF
      2480 Commercial Park Dr, Mobile, AL 36606-2001
      View Details
    • Value Estimation
      $295,000
      1,680 SF

      3221 Halls Ml Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,680 SF
      3221 Halls Ml Rd, Mobile, AL 36606
      View Details
    • Value Estimation
      $295,000
      1,345 SF

      712 Holcombe Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,345 SF
      712 Holcombe Ave, Mobile, AL 36606-4240
      View Details
    • Value Estimation
      $315,000
      6,884 SF

      713 Holcombe Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,884 SF
      713 Holcombe Ave, Mobile, AL 36606-4243
      View Details

    Similar Nearby for Sale

    • $149,900
      2,472 SF

      Government Street Retail Opportunity

      Prime Mobile, AL retail space - sale or lease.
      2206 Government St, Mobile, AL 36606
      View Details
    • $1,855,250
      1.81 Acres

      Mobile Prime Development Site

      1.81 Acres, High-Traffic Location
      0 Airport Blvd, Mobile, AL 36606
      View Details
    • Contact for pricing
      0.70 Acres

      Mobile I-65 Retail Outparcels

      High-traffic retail land, Costco-anchored center.
      I-65 Highway 90, Mobile, AL 36606
      View Details
    • $300,000
      6,487 SF

      Prime Mobile Retail Space

      High-traffic location, 6,487 sq ft, sale or lease.
      717 Dauphin Island Pkwy, Mobile, AL 36606
      View Details
    • $450,000
      6,206 SF

      Midtown Mobile Retail Gem

      High-traffic retail space, prime location
      1910 Government St, Mobile, AL 36606
      View Details
    • $1,500,000
      37,952 SF

      Mobile Warehouse/Retail Space

      Prime I-65 location, 20,069 SF, high-income potential.
      10 Springdale Blvd, Mobile, AL 36606
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      40,000 SF

      Mobile Retail Center Investment Opportunity

      High-traffic retail spaces available in Mobile, AL
      1250 Satchel Paige Dr, Mobile, AL 36606
      View Details
    • $5 SF/Yr
      37,300 SF

      Mobile Industrial Property For Sale/Lease

      Versatile 37,300 SF space, ideal for various uses.
      2260 Halls Mill Rd, Mobile, AL 36606
      View Details
    • $12 SF/Yr
      15,074 SF

      Dauphin Street Retail Space Available

      High-traffic retail space in Mobile, AL.
      3170 Dauphin St, Mobile, AL 36606
      View Details
    • Contact for pricing
      580,000 SF

      3250 Airport Blvd

      Retail properties • 580,000 SF
      3250 Airport Blvd, Mobile, AL 36606
      View Details
    • $16 SF/Yr
      1,200 SF

      Dauphin Street Retail Space Available

      High-traffic Mobile, AL retail space.
      3170 Dauphin St, Mobile, AL 36606
      View Details
    • $18 SF/Yr
      4,000 SF

      Shoppes of Springdale Retail Space

      High-traffic retail space, I-65 visibility.
      171 E I-65 Service Rd, Mobile, AL 36606
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2565 Government Blvd
    Mobile, AL 36606
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.