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Property profile & analytics
OFF-MARKET
Estimated value
$3,835,000
Assisted living facilities
550 Congress St Mobile, AL 36603-6152
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US03-3141689
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1983
Total area
50,536 SF
Lot
1.57 ac (68,520 SF)
APN
29 06 40 0 003 112.XXX
UPID
US03-3141689
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
-
Kensington Health and Rehabilitation Center Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.84M
Owner & transaction history
Kt 550 Congress Street LLC · 2 yrs held
Kt 550 Congress Street LLC
since 2024
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.3M
+247.7%
Office building
$5.8M
+222.0%
Commercial (general)
$5.3M
+193.3%
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
$3,835,000
ML approach
$3,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,255,000
Change: +248% · Conversion: Difficult
OFFICE BUILDING
$5,790,000
Change: +222% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,275,000
Change: +193% · Conversion: Difficult
RETAIL STORES
$4,925,000
Change: +174% · Conversion: Difficult
MEDICAL BUILDING
$4,130,000
Change: +130% · Conversion: Difficult
Blend value · Realmo final
$3.84M
Range $3.45M – $4.22M · ±10% · vs last sale $3.83M (Jun 28 2024)
Last sale anchor
$3.83M
Jun 28 2024
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
$76 / 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
$49,017
Tax year 2023
Assessed value
$766,520
Assessed 2023
Previous assessed
$766,520
+0.0% YoY
Effective rate
6.39%
On assessed value
Assessed land
$68,540
Assessed improvement
$697,980
Land market value
$342,700
Improvement market value
$3,489,900
Total market value
$3,832,600
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
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1983
Heating
FORCED AIR
Cooling
YES
Stories
3
Rooms
1
Bathrooms
10
Total area
50,536 SF
Lot
1.57 ac (68,520 SF)
APN
29 06 40 0 003 112.XXX
UPID
US03-3141689
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
RESTAURANT
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.3M
RETAIL STORES
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.1M
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1983
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
1
Bathrooms
10
Lot
1.57 ac
Current owner
From public records · entity-resolved
Kt 550 Congress Street LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
$3,832,600
Kt 550 Congress Street LLC
G&e Hc Reit II Mobile Snf LLC
Special Warranty Deed
$142,000,000 · Dmt Spe I LLC
Jun 17, 2019
—
G&e Hc Reit II Mobile Snf LLC
—
Deed
related
$7,118,790 · Citi Real Estate Funding INC
Jan 17, 2012
$9,341,000
G & E Hc Reit II Mobile Snf LLC
Ivan Associates LP
Grant Deed
—
Dec 10, 2007
$55,164,000
Ivan Associates
Sea Breeze Nursing LLC
Trustees Deed
$48,914,000 · Private Individual
Mar 29, 2005
$7,475,446
Sea Breeze Nursing LLC
Sea Breeze Health Care Center
Warranty Deed
$3,787,723 · Private Individual
—
—
G & E Hc Reit II Mobile Snf Ll
—
Deed Of Trust
related
$1,878,000,000 · Citigroup Global Markets Rlty
—
—
Sea Breeze Nursing LLC
—
Deed Of Trust
related
$3,975,000 · Fidelity 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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