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Financial
Distress signals
Property profile

3450 Spring Hill Ave Mobile, AL 36608

FOR LEASE
Other investment properties
Property ID
US03-0491797
47,098 SF 7.02 ac lot Built 1997
Last sale Jun 2022 · $2,950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property located at 3450 Spring Hill Ave in Mobile, Alabama is a retail or medical space within Springhill Plaza and is configured for flexible occupancy ranging from approximately 1,200 to 10,000 square feet. The building is designed to be highly divisible, allowing the interior layout to be tailored to different tenant requirements. The space is positioned to provide street visibility and public accessibility along Spring Hill Avenue.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$39k
Tax billed · 2023
Assessed value$593k
Assessed land$214k
Assessed improvement$379k
Effective rate6.61%

Value estimate

· Oct 2026
$3.38M
$3.04M – $3.72M
AI approach$3.60M
Submarket $/SF estimate$3.07M
NOI build-up
Gross scheduled income$198k
Vacancy & credit loss−$9k
Operating expenses−$57k
NOI · 882,420.00% cap applied$132k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$95/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$58 – $153

Cap rate analysis

How does the asset earn?
882,420.00%
$132k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMOBILE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant14.6
Spa & Massage13.3
Parking Facility13.0

Location

3450 Spring Hill Ave Mobile, AL 36608
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7765 Airport, Mobile, AL 36608-5038 $37,500,000 May 2025 107,770 SF
4621 Spg Hl, Mobile, AL 36608-5709 $3,950,000 Feb 2025 41,879 SF
9 Du Rhu, Mobile, AL 36608-1258 $4,441,000 Sep 2024 73,127 SF
4658 Airport, Mobile, AL 36608-3166 $600,000 Jul 2024 15,146 SF
3948 Airport, Mobile, AL 36608-1624 $27,700 Jun 2022 14,980 SF
3700 Dauphin, Mobile, AL 36608-1725 $1,700,000 Dec 2020 14,317 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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