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Property profile & analytics
FOR LEASE
Investment properties
3725 Airport Blvd Mobile, AL 36608
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-1027893
For Lease
1 / 5
$26,870,000
3725 Airport Blvd, Mobile, AL 36608
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1986
Total area
173,274 SF
Lot
44.42 ac (1,934,761 SF)
APN
28 07 25 2 000 005.XXX
UPID
US03-1027893
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
-
Subway Take-out & Catering
-
Chimney Sweep & Repair Pro Mobile General Contractor Renovation Specialist
-
Alfa Insurance Insurance Agency
-
Salons by JC- Mobile, Alabama Hair Salon Nail Salon
-
Palm Beach Tan Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$35.48M
Comparable Approach
Comparable
$26.53M
Blend (final)
Blend
$26.87M
Owner & transaction history
Mobile Subdivision LLC · 9 yrs held
Mobile Subdivision LLC
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$35.6M
+116.0%
Restaurant
$34.6M
+110.0%
Medical building
$33.5M
+103.1%
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%
$38,435,000
6.5%
$35,480,000
7%
$32,945,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,480,000
Current use
RETAIL STORES
$35,595,000
Change: +116% · Conversion: Easy
RESTAURANT
$34,605,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$33,465,000
Change: +103% · Conversion: Easy
INDUSTRIAL (GENERAL)
$24,460,000
Change: +48% · Conversion: Moderate
OFFICE BUILDING
$18,890,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$26.87M
Range $24.18M – $29.56M · ±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
$155 / 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
$241,886
Tax year 2023
Assessed value
$8,401,980
Assessed 2023
Previous assessed
$8,401,980
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$2,579,720
Assessed improvement
$5,822,260
Land market value
$12,898,600
Improvement market value
$29,111,300
Total market value
$42,009,900
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1986
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
1
Rooms
1
Bathrooms
33
Total area
173,274 SF
Lot
44.42 ac (1,934,761 SF)
APN
28 07 25 2 000 005.XXX
UPID
US03-1027893
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
COMMERCIAL (GENERAL) Current
Est. value
$16.5M
RETAIL STORES
Est. value
$35.6M
RESTAURANT
Est. value
$34.6M
MEDICAL BUILDING
Est. value
$33.5M
INDUSTRIAL (GENERAL)
Est. value
$24.5M
OFFICE BUILDING
Est. value
$18.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
OFFICE 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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Rooms
1
Bathrooms
33
Lot
44.42 ac
Current owner
From public records · entity-resolved
Mobile Subdivision LLC
Entity
Free & Clear · 9 yrs held
Mailing address
6440 E WESTFIELD BLVD, INDIANAPOLIS, IN 46220-1109
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
Feb 17, 2017
$1,000,000
Mobile Subdivision LLC
Mobile Festival Acquisition Ll
Warranty Deed
—
May 23, 2013
$27,625,250
Mobile Festival Acquisition Ll
Mobile Festival Centre LLC
Trustees Deed
related
$20,718,750 · Basis R/e Cap II
Apr 17, 2012
—
Mobile Festival Centre LLC
—
Loan Modification
related
$28,044,523 · Capmark Bk
Oct 3, 2006
$30,700,000
Mobile Festival Centre LLC
Mobile Kpt LLC
Grant Deed
related
—
—
—
Mobile Festival Centre LLC
—
Loan Modification
related
$3,330,678 · Capmark 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.
Try Rey
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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