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Property profile & analytics
OFF-MARKET
Office buildings
300 Craft Hwy Mobile, AL 36611
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0199033
Property summary
AI-generated overview
This 1,836 square foot freestanding restaurant building, situated on a 0.44-acre lot (15,600 square feet), is available for lease in Chickasaw, Alabama. Previously occupied by Church's Chicken, this single-tenant property offers significant potential for a variety of food service or retail businesses. Located at 300 S Craft Hwy, near Chieftain Way, in the Norwood submarket, the property boasts 19 parking spaces and is conveniently located just five miles from Downtown Mobile. The building is a one-story structure and enjoys a prime location within a well-established neighborhood featuring a mix of residential, retail, office, and industrial properties. Nearby businesses include Whataburger, AutoZone, Family Dollar, Dollar General, and Rite Aid Pharmacy, ensuring high visibility and foot traffic. Property taxes are $2 per square foot. Electricity is available. This property presents a unique opportunity for entrepreneurs seeking a ready-made space in a thriving community. The property's size and location make it ideal for a variety of uses. Serious inquiries are encouraged.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Total area
660 SF
Lot
2.09 ac (90,997 SF)
APN
22 09 44 0 015 004.XXX
UPID
US03-0199033
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
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
Wade Marlon II · 6 yrs held
Wade Marlon II
since 2020
Last sale
$15,000
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
$1,493
Tax year 2023
Assessed value
$19,400
Assessed 2023
Previous assessed
$19,400
+0.0% YoY
Effective rate
7.70%
On assessed value
Assessed land
$2,500
Assessed improvement
$16,900
Land market value
$12,500
Improvement market value
$84,500
Total market value
$97,000
Applied tax rate
13.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2021
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
1
Total area
660 SF
Lot
2.09 ac (90,997 SF)
APN
22 09 44 0 015 004.XXX
UPID
US03-0199033
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
2021
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
Wade Marlon II
Individual
Free & Clear · 6 yrs held
Mailing address
250 N CRAFT HWY, CHICKASAW, AL 36611-1308
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2020
$157,000
Wade Marlon II
Marlon Wade
Warranty Deed
related
—
Jul 5, 2016
$15,000
Marlon Wade
Spurlock,samantha
Warranty Deed
—
Jun 25, 2015
$949,200
Mcvey Properties No 9 LLC
Boardwalk Holdings LLC
Warranty Deed
$759,200 · Southern Bk
Oct 11, 2013
$922,458
Boardwalk Holdings LLC
C-tan Investments LLC
Warranty Deed
related
$829,958 · Focus Bk
Apr 19, 2010
$896,900
C-tan Investments LLC
Broadway Group LLC
Grant Deed
$717,400 · Banterra Bk
Dec 7, 2009
—
Broadway Group LLC
—
Trustees Deed
$650,000 · Bancorpsouth
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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