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Property profile & analytics
OFF-MARKET
Estimated value
$4,165,000
Retail space
653 Saint Louis St Mobile, AL 36602-1822
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0638112
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Total area
23,685 SF
Lot
1.09 ac (47,263 SF)
APN
29 06 40 0 010 022.XXX
UPID
US03-0638112
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.83M
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$4.17M
Owner & transaction history
Crown Hall Properties LLC · 1 yrs held
Crown Hall Properties LLC
since 2024
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$5,225,000
6.5%
$4,825,000
7%
$4,480,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,865,000
Current use
RESTAURANT
$4,730,000
Change: -3% · Conversion: Easy
MEDICAL BUILDING
$4,575,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$4,210,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$4.17M
Range $3.75M – $4.58M · ±10% · vs last sale $3.50M (Aug 26 2024)
Last sale anchor
$3.50M
Aug 26 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
$176 / 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
$26,624
Tax year 2023
Assessed value
$415,560
Assessed 2023
Previous assessed
$415,560
+0.0% YoY
Effective rate
6.41%
On assessed value
Assessed land
$47,280
Assessed improvement
$368,280
Land market value
$236,400
Improvement market value
$1,841,400
Total market value
$2,077,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
1
Bathrooms
8
Total area
23,685 SF
Lot
1.09 ac (47,263 SF)
APN
29 06 40 0 010 022.XXX
UPID
US03-0638112
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
RETAIL STORES Current
Est. value
$4.9M
RESTAURANT
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.2M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
OFFICE 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
1976
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
8
Lot
1.09 ac
Current owner
From public records · entity-resolved
Crown Hall Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
255 N CONCEPTION ST, MOBILE, AL 36603-6464
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Apr 13, 2026
—
Crown Hall Properties LLC
—
Deed
related
$200,000
Nov 26, 2024
$3,500,000
Crown Hall Properties LLC
Conning Argent LLC
Warranty Deed
—
Nov 26, 2024
—
Crown Hall Properties LLC
Conning Argent LLC
Quitclaim Deed
related
—
Dec 28, 2016
—
Conning Argent LLC
—
Deed
related
$1,844,500 · Servisfirst Bk
Mar 16, 2016
$430,000
Conning Argent LLC
Victor C Helmsing LLC
Warranty Deed
—
—
—
Victor C Helmsing LLC
—
Loan Modification
related
—
—
—
Conning Argent LLC
—
Deed Of Trust
related
$1,844,500 · Servisfirst 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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