Property profile

428 Dr Martin L King Jr Ave Mobile, AL 36603

OFF-MARKET
Investment properties
Property ID
US03-0697646
25,445 SF 1.27 ac lot Built 1973
Individually Owned 9-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1973
Total area 25,445 SF
Lot 1.27 ac (55,200 SF)
APN 22 08 44 0 004 247.XXX
UPID US03-0697646

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

428 Dr Martin L King Jr Ave Mobile, AL 36603-5954
Mobile metro Census 7600 MOBILE, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.16M
Blend (final) Blend
$555k

Owner & transaction history

since 2017
3 recorded transactions
2017
$5,000
2013
$250,000
2012
$250,000

Zoning & alternative use

Top alternative use upside
Industrial (general) $3.6M +67.2%
Office building $2.8M +29.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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