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Property profile & analytics
OFF-MARKET
Estimated value
$10,590,000
Investment properties
2570 Government Blvd Mobile, AL 36606-1614
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-3040967
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2015
Total area
41,734 SF
Lot
10.59 ac (461,496 SF)
APN
29 09 29 2 000 012.XXX
UPID
US03-3040967
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
-
EcoATM Mobile Phone Store Electronics & Wireless Store
-
Walmart Home Services Social Service Agency
-
Walmart Patio & Garden Services Landscaping General Contractor
-
Walmart Baby & Nursery Services Social Service Agency Community Center
-
Walmart Home Theater Installation Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.71M
CAP Approach
CAP
$8.55M
Comparable Approach
Comparable
$8.80M
Blend (final)
Blend
$10.59M
Owner & transaction history
Exchangeright Net Leased Portfolio · 5 yrs held
Exchangeright Net Leased Portfolio
since 2020
Last sale
$12.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.6M
+84.0%
Restaurant
$8.3M
+78.9%
Medical building
$8.1M
+73.0%
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
$10,705,000
CAP Approach
CAP Return
Estimation
6%
$9,255,000
6.5%
$8,545,000
7%
$7,935,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,575,000
Change: +84% · Conversion: Easy
RESTAURANT
$8,335,000
Change: +79% · Conversion: Difficult
MEDICAL BUILDING
$8,060,000
Change: +73% · Conversion: Easy
Blend value · Realmo final
$10.59M
Range $9.53M – $11.65M · ±10% · vs last sale $12.45M (Dec 28 2020)
Last sale anchor
$12.45M
Dec 28 2020
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
$254 / 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
$80,769
Tax year 2023
Assessed value
$1,235,620
Assessed 2023
Previous assessed
$1,235,620
+0.0% YoY
Effective rate
6.54%
On assessed value
Assessed land
$461,500
Assessed improvement
$774,120
Land market value
$2,307,500
Improvement market value
$3,870,600
Total market value
$6,178,100
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2015
Heating
NONE
Buildings
2
Stories
1
Rooms
1
Bathrooms
3
Total area
41,734 SF
Lot
10.59 ac (461,496 SF)
APN
29 09 29 2 000 012.XXX
UPID
US03-3040967
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
RETAIL STORES
Est. value
$8.6M
RESTAURANT
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$8.1M
RETAIL STORES
RESTAURANT
MEDICAL 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
2015
Heating
NONE
Stories
1
Buildings
2
Rooms
1
Bathrooms
3
Lot
10.59 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portfolio
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2020
$12,454,000
Exchangeright Net Leased Portfolio
2200 Mobile LLC
Special Warranty Deed
$66,338,000 · Morgan Stanley Bank NA
May 10, 2016
$1,668,500
2200 Mobile LLC
Mills Marissa G Trust
Warranty Deed
—
May 10, 2016
$3,336,500
Cydecton Holdings LLC
Legacy Trusts LLC
Warranty Deed
—
May 10, 2016
$10,009,500
2200 Mobile LLC
Map Mobile Govt LLC
Warranty Deed
—
Oct 2, 2008
$3,200,000
Living Word Christian Center I
Mrbj Company LLC
Dual Purpose Document
$500,000 · Mrbj Company LLC
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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