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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Office buildings
3401 Newman Rd, Mobile, AL 36695-8613
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0689796
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
11,163 SF
Lot
39.99 ac (1,741,964 SF)
APN
35 01 12 0 000 016.XXX
UPID
US03-0689796
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
-
Wings of Life Recovery Medical Clinic
-
Wings of Life Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.98M
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$1.86M
Owner & transaction history
Mark Edward Lewis · 4 yrs held
Mark Edward Lewis
since 2022
Last sale
$1.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.3M
+88.5%
Restaurant
$2.2M
+83.2%
Medical building
$2.2M
+77.2%
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
$1,980,000
ML approach
$1,980,000
CAP Approach
CAP Return
Estimation
6%
$2,760,000
6.5%
$2,545,000
7%
$2,365,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,215,000
Current use
RETAIL STORES
$2,295,000
Change: +88% · Conversion: Moderate
RESTAURANT
$2,230,000
Change: +83% · Conversion: Moderate
MEDICAL BUILDING
$2,155,000
Change: +77% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,685,000
Change: +39% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,575,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±10% · vs last sale $1.73M (Jun 13 2022)
Last sale anchor
$1.73M
Jun 13 2022
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
$167 / 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
$17,064
Tax year 2023
Assessed value
$610,240
Assessed 2023
Previous assessed
$610,240
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$151,160
Assessed improvement
$459,080
Land market value
$755,800
Improvement market value
$2,295,400
Total market value
$3,051,200
Applied tax rate
10.0000
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
1983
Heating
FORCED AIR
Cooling
YES
Buildings
7
Stories
1
Rooms
1
Bathrooms
37
Total area
11,163 SF
Lot
39.99 ac (1,741,964 SF)
APN
35 01 12 0 000 016.XXX
UPID
US03-0689796
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
OFFICE BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$2.3M
RESTAURANT
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1983
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Rooms
1
Bathrooms
37
Lot
39.99 ac
Current owner
From public records · entity-resolved
Mark Edward Lewis
Individual
Free & Clear · 4 yrs held
Mailing address
15957 KINGDOM OAKS LN, WALLER, TX 77484-5448
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2022
$1,725,000
Mark Edward Lewis
Edward E Pesnell Foundation INC
Deed
—
Sep 12, 2012
$2,008,500
Edward E Pesnell Foun INC
Bridge INC
Warranty Deed
—
Sep 12, 2012
—
Bridge INC
Second Medical Clinic Board Of Ci
Warranty Deed
—
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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