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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Medical Office Space
70 Midtown E Park Mobile, AL 36606-4140
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US03-0521460
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Total area
10,366 SF
Lot
0.72 ac (31,448 SF)
APN
29 08 19 2 001 044.XXX
UPID
US03-0521460
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
-
Freeman Scott R MD Physician Medical Clinic
-
Ramagosa Ryan MD Physician Medical Clinic
-
Sunrise Dermatology: Scott Freeman, MD and Ryan Ramagosa, MD Physician Medical Clinic
-
Sunrise Skin Cancer Surgery Center Medical Clinic Hospital
-
Sunrise Dermatology, LLC Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.17M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.70M
Owner & transaction history
Sunrise R & E Holdings LLC · 12 yrs held
Sunrise R & E Holdings LLC
since 2013
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.1M
+6.4%
Restaurant
$2.1M
+3.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,345,000
6.5%
$2,165,000
7%
$2,010,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,000,000
Current use
RETAIL STORES
$2,130,000
Change: +6% · Conversion: Difficult
RESTAURANT
$2,070,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±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
$164 / 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
$26,680
Tax year 2023
Assessed value
$417,680
Assessed 2023
Previous assessed
$417,680
+0.0% YoY
Effective rate
6.39%
On assessed value
Assessed land
$25,160
Assessed improvement
$392,520
Land market value
$125,800
Improvement market value
$1,962,600
Total market value
$2,088,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
10,366 SF
Lot
0.72 ac (31,448 SF)
APN
29 08 19 2 001 044.XXX
UPID
US03-0521460
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
MEDICAL BUILDING Current
Est. value
$2.0M
RETAIL STORES
Est. value
$2.1M
RESTAURANT
Est. value
$2.1M
MEDICAL BUILDING Current
RETAIL STORES
RESTAURANT
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
1
Bathrooms
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Sunrise R & E Holdings LLC
Entity
Mailing address
70 MIDTOWN PARK E, MOBILE, AL 36606-4140
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2019
—
Sunrise Real Estate Holdings LLC
—
Deed
related
$540,000 · Whitney Bank
Dec 11, 2013
$2,305,000
Sunrise R & E Holdings LLC
Freeman Ents LLC
Warranty Deed
related
$2,300,000 · Hancock Bk
Aug 6, 2010
—
Freeman Ents LLC
Mccown,t Vance
Warranty Deed
$1,800,000 · Whitney Nat'l Bk
Apr 3, 2006
$140,000
Mccown,t V
Southland Capital
Warranty Deed
—
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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