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Property profile & analytics
OFF-MARKET
Estimated value
$3,870,000
Hotels
3650 Airport Blvd Mobile, AL 36608-1616
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0484594
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2018
Total area
43,610 SF
Lot
1.4 ac (61,071 SF)
APN
28 06 24 4 000 007.XXX
UPID
US03-0484594
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
-
La Quinta Inn & Suites Mobile I-65-Airport Boulevard. Hotel & Motel
-
La Quinta by Wyndham Mobile Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.54M
Comparable Approach
Comparable
$4.57M
Blend (final)
Blend
$3.87M
Owner & transaction history
Shree Mahesh Hospitality LLC · 9 yrs held
Shree Mahesh Hospitality LLC
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.2M
+62.9%
Office building
$4.8M
+25.8%
Commercial (general)
$4.1M
+9.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,830,000
6.5%
$3,535,000
7%
$3,280,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,780,000
Current use
INDUSTRIAL (GENERAL)
$6,155,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$4,755,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,145,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$3.87M
Range $3.48M – $4.26M · ±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
$89 / 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
$66,704
Tax year 2023
Assessed value
$1,653,120
Assessed 2023
Previous assessed
$1,653,120
+0.0% YoY
Effective rate
4.04%
On assessed value
Assessed land
$137,480
Assessed improvement
$1,515,640
Land market value
$687,400
Improvement market value
$7,578,200
Total market value
$8,265,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
YES
Stories
6
Rooms
1
Bathrooms
4
Total area
43,610 SF
Lot
1.4 ac (61,071 SF)
APN
28 06 24 4 000 007.XXX
UPID
US03-0484594
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
HOTEL/MOTEL Current
Est. value
$3.8M
INDUSTRIAL (GENERAL)
Est. value
$6.2M
OFFICE BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.1M
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
6
Rooms
1
Bathrooms
4
Lot
1.4 ac
Current owner
From public records · entity-resolved
Shree Mahesh Hospitality LLC
Entity
Mailing address
1381 W FAIRWAY DR, GULF SHORES, AL 36542-4121
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2018
—
Shree Mahesh Hospitality LLC
—
Trustees Deed
related
$5,724,345 · Sb&t Bk
Mar 20, 2017
$731,500
Shree Mahesh Hospitality LLC
Mallick,theodora
Warranty Deed
$1,018,924 · Sb&t Bk/al
Sep 27, 2013
$2,500,000
Theodore Mallick
Auctioneer Of Mobile County|lldg Mobile Airport Ll
Trustees Deed
—
—
—
Shree Mahesh Hospitality LLC
—
Deed Of Trust
related
$253,702 · Sb&t Bk
—
—
Mobile Airport Days Inn LLC
—
Loan Modification
related
$200,000 · Colonial Bk
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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