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    Property profile & analytics

    3506 Montlimar Plaza Dr Mobile, AL 36609

    • Investment properties
    • 3,029 SF
    • 0.33 lot acres
    For Sale
    View listing
    $365,000
    Value Estimation
    Last Sale
    Apr 10, 2025
    $353,000
    Location Intelligence
    Property ID
    US03-0651776
    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

    • Desi Career Training / Training Centre

    Property Details for 3506 Montlimar Plaza Dr

    Year built
    2001
    Lot size
    0.33 lot acres
    Property size
    3,029 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    28 07 25 3 000 001.021
    APU
    2807253000001021

    Description

    This exceptional 3,000 square foot single-tenant office building presents a fantastic leasing opportunity. Currently configured as a computer training school, the space boasts approximately 40 workstations, offering immediate adaptability for a variety of businesses. The building is zoned B-3, providing flexibility for a range of commercial uses. The property includes convenient parking for fifteen or more vehicles, ensuring ample space for employees and clients. Located in a prime commercial area (address not provided), this building offers easy access to major transportation routes and amenities. The monthly rent is $2,500, with an additional $677 covering taxes and insurance, totaling $3,177 per month. This represents a compelling value for a well-maintained, spacious office building ready for immediate occupancy. The existing layout, with its numerous workstations, provides a significant advantage for businesses requiring a ready-to-use workspace. The ample parking further enhances the property's appeal, eliminating the parking challenges often associated with commercial properties. This is an ideal opportunity for a company seeking a move-in ready, well-located office space with significant capacity. The B-3 zoning allows for a diverse range of commercial uses, making this property a versatile and attractive investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $380,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $370,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $305,000
      Mixed-Use
      $335,000
      Hospitality
      $340,000
      Educational
      $295,000
      Residential Income
      $345,000
      Energy
      $295,000
      Income-Based Land
      $345,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1343
    Latitude
    30.6669
    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
    $3,623
    $15,200
    $40,720
    $55,920
    -
    $76,000
    $203,600
    $279,600

    Comparable in this City

    • Value Estimation
      $310,000
      4,216 SF

      476 Azalea Rd

      STORE/OFFICE (MIXED USE) • 4,216 SF
      476 Azalea Rd, Mobile, AL 36609
      View Details
    • Value Estimation
      $780,000
      30,690 SF

      6350 Cottage Hl Rd

      STORE/OFFICE (MIXED USE) • 30,690 SF
      6350 Cottage Hl Rd, Mobile, AL 36609-3111
      View Details
    • Value Estimation
      $295,000
      6,781 SF

      3800 Cottage Hl Rd

      STORE/OFFICE (MIXED USE) • 6,781 SF
      3800 Cottage Hl Rd, Mobile, AL 36609-6510
      View Details
    • Value Estimation
      $525,000
      11,181 SF

      5201 Cottage Hl Rd

      STORE/OFFICE (MIXED USE) • 11,181 SF
      5201 Cottage Hl Rd, Mobile, AL 36609-4244
      View Details
    • Value Estimation
      $795,000
      68,732 SF

      3985 Cottage Hl Rd

      STORE/OFFICE (MIXED USE) • 68,732 SF
      3985 Cottage Hl Rd, Mobile, AL 36609-4212
      View Details
    • Value Estimation
      $1,480,000
      61,144 SF

      5013 Cottage Hl Rd

      STORE/OFFICE (MIXED USE) • 61,144 SF
      5013 Cottage Hl Rd, Mobile, AL 36609-4204
      View Details

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    Similar Nearby for Lease

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      Mobile Office Space for Lease

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      View Details
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    3506 Montlimar Plaza Dr
    Mobile, AL 36609
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    Realmo Value Estimation

    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.

    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.

    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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