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    Property profile & analytics

    3153 Dauphin St Mobile, AL 36606

    • Office buildings
    • 9,148 SF
    • 0.75 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    $355,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-3114303
    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

    • 251 445 8887 / Medical Clinic
    • Grant Stone, D.O. / Pain Management Physician / Orthopedic Surgeon
    • Gulf Orthopaedics | Dauphin St. / Pain Management Physician / Surgical Center
    • Dr. Christina Massinople / Internist / Practitioner Service Location
    • Dr. Roberta Swain / Dermatologist

    Property Details for 3153 Dauphin St

    Year built
    1973
    Lot size
    0.75 lot acres
    Property size
    9,148 SF
    Property type
    Office buildings
    APN
    29 08 19 2 001 059.XXX
    APU
    2908192001059XXX

    Description

    This exceptional 9,000 square foot Class B office building, located at 3153 Dauphin Street in Mobile County, offers a unique opportunity. Currently, 3,355 square feet are available for lease in a multi-tenant building. The property boasts a convenient location near I-65 and Dauphin Street, providing excellent accessibility. The space is ideally suited for a medical clinic, featuring well-appointed rooms perfect for examinations and procedures, along with two distinct waiting areas designed for patient comfort. Ample parking is available with a total of 58 spaces, including 24 conveniently located on Dauphin Street. The building is zoned B2. A significant advantage is the presence of a co-tenant: an established orthopedics group affiliated with Infirmary Health. This provides a strong existing medical presence and potential for synergy. The building itself is in excellent condition and features one building with no elevators. The property's APN is 2908192001059XXX. This is a rare opportunity to secure high-quality office space in a desirable location with excellent visibility and ample parking. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $580,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1186
    Latitude
    30.689
    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
    $9,913
    $39,200
    $114,200
    $153,400
    -
    $196,000
    $571,000
    $767,000

    Comparable in this City

    • Value Estimation
      $265,000
      944 SF

      356 Morgan Ave

      OFFICE BUILDING • 944 SF
      356 Morgan Ave, Mobile, AL 36606-1737
      View Details
    • Value Estimation
      $315,000
      2,478 SF

      352 Morgan Ave

      OFFICE BUILDING • 2,478 SF
      352 Morgan Ave, Mobile, AL 36606-1737
      View Details
    • Value Estimation
      $320,000
      4,006 SF

      1916 Duval St

      OFFICE BUILDING • 4,006 SF
      1916 Duval St, Mobile, AL 36606-1146
      View Details
    • Value Estimation
      $295,000
      1,167 SF

      502 Dauphin Is Pkwy

      OFFICE BUILDING • 1,167 SF
      502 Dauphin Is Pkwy, Mobile, AL 36606-1227
      View Details
    • Value Estimation
      $320,000
      1,381 SF

      355 Westwood St

      OFFICE BUILDING • 1,381 SF
      355 Westwood St, Mobile, AL 36606-1732
      View Details
    • Value Estimation
      $280,000
      1,059 SF

      3354 Cottage Hl Rd

      OFFICE BUILDING • 1,059 SF
      3354 Cottage Hl Rd, Mobile, AL 36606-3009
      View Details

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    Similar Nearby for Lease

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      Midtown Mobile Office Space For Sale/Lease

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    • Contact for pricing
      3,318 SF

      Prime Office Building in Mobile

      Six-story office building with modern updates and convenient location.
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      View Details
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    Mobile, AL 36606
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    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
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