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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Banks
6140 Airport Blvd Mobile, AL 36608-3143
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US03-3166299
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2009
Total area
10,307 SF
Lot
1.23 ac (53,622 SF)
APN
28 05 21 3 002 077.002
UPID
US03-3166299
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
-
The First, A National Banking Association Bank Loan Service
-
The First Bank Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$825k
Owner & transaction history
Tog Properties LLC · 20 yrs held
Tog Properties LLC
since 2005
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+58.9%
Retail stores
$1.0M
+27.5%
Medical building
$895,000
+13.4%
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
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$790,000
Current use
RESTAURANT
$1,250,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$1,005,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$895,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$860,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$710,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$80 / 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
$40,957
Tax year 2023
Assessed value
$640,760
Assessed 2023
Previous assessed
$640,760
+0.0% YoY
Effective rate
6.39%
On assessed value
Assessed land
$182,440
Assessed improvement
$458,320
Land market value
$912,200
Improvement market value
$2,291,600
Total market value
$3,203,800
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
1
Total area
10,307 SF
Lot
1.23 ac (53,622 SF)
APN
28 05 21 3 002 077.002
UPID
US03-3166299
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
FINANCIAL BUILDING Current
Est. value
$790,000
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$895,000
OFFICE BUILDING
Est. value
$860,000
COMMERCIAL (GENERAL)
Est. value
$710,000
FINANCIAL BUILDING Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Tog Properties LLC
Entity
Mailing address
PO BOX 15549, HATTIESBURG, MS 39404-5549
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2005
$1,100,000
Tog Properties LLC
Stratas,nickolas M & Mary N
Warranty Deed
—
—
—
Tog Properties LLC
—
Deed Of Trust
related
$1,100,000 · Amsouth 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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