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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Banks
6587 Airport Blvd Mobile, AL 36608-3703
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US03-1586315
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2016
Total area
5,731 SF
Lot
1.51 ac (65,993 SF)
APN
28 04 20 4 000 109.001
UPID
US03-1586315
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
-
Community Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$555k
Owner & transaction history
Springhill Restaurant LLC · 11 yrs held
Springhill Restaurant LLC
since 2014
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$695,000
+58.9%
Retail stores
$560,000
+27.5%
Medical building
$495,000
+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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$440,000
Current use
RESTAURANT
$695,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$560,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$495,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$480,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$395,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$97 / 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
$33,020
Tax year 2023
Assessed value
$514,800
Assessed 2023
Previous assessed
$514,800
+0.0% YoY
Effective rate
6.41%
On assessed value
Assessed land
$274,920
Assessed improvement
$239,880
Land market value
$1,374,600
Improvement market value
$1,199,400
Total market value
$2,574,000
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
2016
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
3
Total area
5,731 SF
Lot
1.51 ac (65,993 SF)
APN
28 04 20 4 000 109.001
UPID
US03-1586315
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
$440,000
RESTAURANT
Est. value
$695,000
RETAIL STORES
Est. value
$560,000
MEDICAL BUILDING
Est. value
$495,000
OFFICE BUILDING
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$395,000
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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.51 ac
Current owner
From public records · entity-resolved
Springhill Restaurant LLC
Entity
Mailing address
6587 AIRPORT BLVD, MOBILE, AL 36608-3703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2014
$1,998,558
Springhill Restaurant LLC
Wal-mart Stores East LP
Grant Deed
$1,473,156 · Park Sterling 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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