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    Property profile & analytics

    5920 Grelot Rd Mobile, AL 36609-3606

    • Office buildings
    • 2,492 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Last Sale
    Apr 02, 2020
    $240,000
    Location Intelligence
    Property ID
    US03-1002760
    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.

    Current Use by Public Records

    • Patacsil Robert M DO / Doctor
    • Michael J Fobes PC / Tax Preparation Service
    • Ladner & Ladner CPAs: Ladner Brian S CPA / Accountant
    • Keck James a CPA / Accountant
    • Westward Group Inc / Tax Preparation Service

    Property Details for 5920 Grelot Rd

    Year built
    1997
    Lot size
    0.15 lot acres
    Property size
    2,492 SF
    Property type
    Office buildings
    APN
    28 08 28 4 002 133.003
    APU
    2808284002133003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $255,000
      6.5%
      $240,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $295,000
      Mixed-Use
      $270,000
      Hospitality
      $275,000
      Educational
      $285,000
      Residential Income
      $220,000
      Energy
      $275,000
      Income-Based Land
      $300,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1799
    Latitude
    30.6622
    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
    $3,815
    $6,900
    $52,660
    $59,560
    -
    $34,500
    $263,300
    $297,800

    Comparable in this City

    • Value Estimation by Request
      4,934 SF

      722 Downtowner W Loop

      OFFICE BUILDING • 4,934 SF
      722 Downtowner W Loop, Mobile, AL 36609-5504
      View Details
    • Value Estimation
      $290,000
      2,537 SF

      5920 Grelot Rd

      OFFICE BUILDING • 2,537 SF
      5920 Grelot Rd, Mobile, AL 36609-3606
      View Details
    • Value Estimation
      $310,000
      3,560 SF

      5920 Grelot Rd

      OFFICE BUILDING • 3,560 SF
      5920 Grelot Rd, Mobile, AL 36609-3606
      View Details
    • Value Estimation
      $635,000
      5,971 SF

      1015 Montlimar Dr

      OFFICE BUILDING • 5,971 SF
      1015 Montlimar Dr, Mobile, AL 36609-1713
      View Details
    • Value Estimation
      $575,000
      4,508 SF

      3501 Montlimar Plz Dr

      OFFICE BUILDING • 4,508 SF
      3501 Montlimar Plz Dr, Mobile, AL 36609-1736
      View Details
    • Value Estimation
      $380,000
      3,709 SF

      3510 Montlimar Plz Dr

      OFFICE BUILDING • 3,709 SF
      3510 Montlimar Plz Dr, Mobile, AL 36609-1745
      View Details

    Similar Nearby for Sale

    • $1,095,000
      5,056 SF

      West Mobile Medical Office Building

      Prime medical office building, 5,056 SF, excellent location.
      1605 Hillcrest Rd, Mobile, AL 36609
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    • $600,000
      5,443 SF

      Montlimar Drive Class A Office

      Class A office space with net lease and parking.
      1180 Montlimar Dr, Mobile, AL 36609
      View Details
    • $850,000
      0.73 Acres

      Two Class A Office Buildings

      Two Class A office buildings for sale or lease.
      709 Azalea Rd, Mobile, AL 36609
      View Details
    • $441,500
      0.39 Acres

      Mobile Office Building For Sale

      Office building with conference room, kitchen, and private parking.
      3511 Montlimar Plaza Dr, Mobile, AL 36609
      View Details
    • $875,000
      6,300 SF

      Mobile Office Building - Prime Location

      Updated 6300 sq ft office building, ample parking.
      1142 Montlimar Dr, Mobile, AL 36609
      View Details
    • $850,000
      7,390 SF

      Class A Office Buildings, Mobile, AL

      Two premium office buildings: sale or lease.
      709 Azalea Rd, Mobile, AL 36609
      View Details

    Similar Nearby for Lease

    • $750 /Mo
      750 SF

      Mobile Office Space - 750 SF

      Prime Mobile location, 750 sq ft office suite.
      4318 Downtowner Loop N, Mobile, AL 36609
      View Details
    • $2,500 /Mo
      3,000 SF

      Mobile Office Building - 3000 SF

      Prime Mobile Office Space: Lease or Buy. Ideal Training Facility.
      3506 Montlimar Plaza Dr, Mobile, AL 36609
      View Details
    • $12 SF/Yr
      1,900 SF

      Downtown Mobile Office Space Available

      Modern 1900 sq ft office suite, ideal location.
      808 Downtowner Boulevard, Mobile, AL 36609
      View Details
    • $15 SF/Yr
      4,705 SF

      Gateway Center West Office Suite

      Modern Mobile Office Space Available
      1201 Montlimar Dr, Mobile, AL 36609
      View Details
    • $17 SF/Yr
      2,000 SF

      Mobile Office Space: 2000 sq ft

      Modern, renovated office suite in prime Mobile location.
      1110 Montlimar Dr, Mobile, AL 36609
      View Details
    • $12 SF/Yr
      990 SF

      Downtown Mobile Office Suite For Lease

      Modern 990 sq ft office, prime location.
      808 Downtowner Boulevard, Mobile, AL 36609
      View Details
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    5920 Grelot Rd
    Mobile, AL 36609-3606
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    Realmo Value Estimation

    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.

    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.

    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
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