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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Retail space
3154 Cottage Hl Rd Mobile, AL 36606-2907
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0489000
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Total area
3,731 SF
Lot
0.64 ac (27,835 SF)
APN
29 09 30 3 001 060.XXX
UPID
US03-0489000
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
-
Broussard's Piano Gallery (Bike/Boat/Book/etc) Store
-
BBC Computer Repairs Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$420k
Blend (final)
Blend
$610k
Owner & transaction history
Cottage Pianos LLC · 5 yrs held
Cottage Pianos LLC
since 2021
7 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
Method
Estimation
Statistic approach
by Request
ML approach
$380,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
RETAIL STORES
$765,000
Current use
MEDICAL BUILDING
$720,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
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
$163 / 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
$3,968
Tax year 2023
Assessed value
$60,300
Assessed 2023
Previous assessed
$60,300
+0.0% YoY
Effective rate
6.58%
On assessed value
Assessed land
$16,720
Assessed improvement
$43,580
Land market value
$83,600
Improvement market value
$217,900
Total market value
$301,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
7
Bathrooms
2
Total area
3,731 SF
Lot
0.64 ac (27,835 SF)
APN
29 09 30 3 001 060.XXX
UPID
US03-0489000
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 Current
Est. value
$765,000
MEDICAL BUILDING
Est. value
$720,000
RETAIL STORES Current
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
2022
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
0.64 ac
Current owner
From public records · entity-resolved
Cottage Pianos LLC
Entity
Free & Clear · 5 yrs held
Mailing address
701 CAPTAIN 1ST DR, DAPHNE, AL 36526-4017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
—
Cottage Pianos LLC
Byron Broussard
Warranty Deed
—
Feb 12, 2020
$68,500
Byron Broussard
Byron Broussard
Grant Deed
related
—
Dec 6, 2019
$85,000
Byron Broussard
Bao Q Bui
Warranty Deed
—
Dec 6, 2019
—
Bao Q Bui
Quoctuan Bui
Correction Deed
related
—
Feb 25, 2019
$500
Bao Q Bui
Bui,quoctuan
Grant Deed
related
—
Mar 8, 2016
$55,000
Quoctuan Bui
Pnc Bk National Assn
Grant Deed
—
Nov 18, 2014
$97,875
Pnc Bk National Assn
Auctioneer Of Mobile County|gates,william L
Trustees Deed
related
—
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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