Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3747 Government Blvd Mobile, AL 36693
    Back to Search
    Property profile & analytics

    3747 Government Blvd Mobile, AL 36693

    View on Map
    • Retail properties & Spaces
    • 14,757 SF
    • 1.90 lot acres
    For Lease
    $10 SF/Yr
    View Listing →
    Retail Space on Government Blvd For Lease
    $10 SF/Yr
    2,250 SF

    Retail Space on Government Blvd

    Retail space available for lease on Government Boulevard.

    3747 Government Blvd, Mobile, AL
    View Listing
    Property ID
    US03-0422285
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alabama Ignition Interlock Devices / Auto Repair Shop
    • Blue Water Graphics / Marketing & Advertising / Advertising Agency
    • Southern Fastening Systems Inc / Building Supply / Construction Company
    • Dui interlock / Auto Repair Shop
    • LifeSafer Ignition Interlock / Building Supply / General Contractor

    Property Details for 3747 Government Blvd

    Year built
    1987
    Construction
    FRAME
    Lot size
    1.90 lot acres
    Property size
    14,757 SF
    Property type
    Retail properties & Spaces
    APN
    33 01 41 0 001 003.XXX
    APU
    3301410001003XXX

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,084,000
      Market price range: $492k - $1.08M

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $1,060,000
      Current use
      OFFICE BUILDING
      $1,610,000
      Change: +52% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,245,000
      Change: +18% Conversion: Difficult
      WAREHOUSE, STORAGE
      $940,000
      Change: -11% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1282
    Latitude
    30.6475
    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
    $16,944
    $86,920
    $196,820
    $283,740
    -
    $434,600
    $984,100
    $1,418,700

    Comparable in this City

    • Value Estimation by Request
      23,467 SF

      1650 Beltline Hwy

      Retail properties & Spaces • 23,467 SF
      1650 Beltline Hwy, Mobile, AL 36693
      View Details
    • Value Estimation by Request
      5,151 SF

      3955 Government Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,151 SF
      3955 Government Blvd, Mobile, AL 36693
      View Details
    • Value Estimation by Request
      7,293 SF

      3750 Halls Ml Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,293 SF
      3750 Halls Ml Rd, Mobile, AL 36693-5634
      View Details
    • Value Estimation by Request
      4,098 SF

      4412 Government Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,098 SF
      4412 Government Blvd, Mobile, AL 36693-4821
      View Details
    • Value Estimation by Request
      1,538 SF

      4056 Hillcrest W Ln

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,538 SF
      4056 Hillcrest W Ln, Mobile, AL 36693-2911
      View Details
    • Value Estimation by Request
      5,089 SF

      3743 Industrial Park Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,089 SF
      3743 Industrial Park Dr, Mobile, AL 36693-5642
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Pad Ready Site For Sale

      Pad-ready site near I-65, ideal for retail or office.
      I-65 Service Road S, Mobile, AL 36693
      View Details
    • $500,000
      3,200 SF

      Mobile Office/Retail Building For Sale

      High-traffic location, ample parking, great investment.
      3759 Government Blvd, Mobile, AL 36693
      View Details
    • $2,100,000

      Automotive Facility Fronting I-65

      Automotive/service facility on 1.28 acres with I-65 frontage.
      1650 South Beltline Hwy, Mobile, AL 36693
      View Details
    • $169,900
      2,275 SF

      Former Restaurant Building on Demetropolis

      Restaurant building with equipment, high traffic, and flexible space.
      3450 Demetropolis Rd, Mobile, AL 36693
      View Details
    • $130,000

      Charming Cottage on Cottage Hill

      Cottage ideal for office, retail, or salon.
      811 Wildwood Dr, Mobile, AL 36693
      View Details
    • $130,000
      900 SF

      Charming Cottage on Cottage Hill

      Quaint cottage ideal for office or retail in Mobile.
      811 Wildwood Dr, Mobile, AL 36693
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      3,000 SF

      Mobile Retail Space - High Traffic Area

      Former Wendy's, 3000 sq ft, NNN Lease
      3957 Cottage Hill Rd, Mobile, AL 36693
      View Details
    • $15 SF/Yr
      900 SF

      Mobile Office Space: Knollwood Drive

      900 sq ft office suite, prime Mobile location.
      2316 Knollwood Dr, Mobile, AL 36693
      View Details
    • $16 SF/Yr
      1,000 SF

      Mobile Retail Space - Cottage Hill Rd

      Charming 1,000 sq ft retail space available. Ideal for boutique or office.
      6207 Cottage Hill Road, Mobile, AL 36693
      View Details
    • $7 SF/Yr
      12,000 SF

      Mobile Retail Center - 12,000 SF

      High-visibility retail space near I-65.
      4130 Government Blvd, Mobile, AL 36693
      View Details
    • $1,500 /Mo
      1,500 SF

      Mobile Office Space - I-65 Beltline

      1500 sq ft office, prime Beltline location.
      1444 West Interstate 65 Service Rd S, Mobile, AL 36693
      View Details
    • $9 SF/Yr
      23,467 SF

      Mobile Retail Space - Beltline Hwy

      Large Retail Building, High Visibility, Mobile, AL
      1650 Beltline Hwy, Mobile, AL 36693
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3747 Government Blvd
    Mobile, AL 36693
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3747 Government Blvd, Mobile, AL, 36693
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!