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    Property profile & analytics

    702 Government St Mobile, AL 36602

    • Office buildings
    • 2,790 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US03-0253999
    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

    • Office buildings

    Property Details for 702 Government St

    Year built
    1944
    Lot size
    0.16 lot acres
    Property size
    2,790 SF
    Property type
    Office buildings
    APN
    29 06 40 0 010 194.XXX
    APU
    2906400010194XXX

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0509
    Latitude
    30.6875
    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
    $0.00
    $6,760
    $40,260
    $47,020
    -
    $33,800
    $201,300
    $235,100

    Comparable in this City

    • Value Estimation by Request
      5,820 SF

      700 Government St

      OFFICE BUILDING • 5,820 SF
      700 Government St, Mobile, AL 36602-1403
      View Details
    • Value Estimation by Request
      3,718 SF

      801 Spg Hl Ave

      OFFICE BUILDING • 3,718 SF
      801 Spg Hl Ave, Mobile, AL 36602-1311
      View Details
    • Value Estimation by Request
      2,104 SF

      200 Royal St

      OFFICE BUILDING • 2,104 SF
      200 Royal St, Mobile, AL 36602-3924
      View Details
    • Value Estimation by Request
      2,578 SF

      164 Saint Emanuel St

      OFFICE BUILDING • 2,578 SF
      164 Saint Emanuel St, Mobile, AL 36602-3007
      View Details
    • Value Estimation by Request
      7,491 SF

      14 Franklin St

      OFFICE BUILDING • 7,491 SF
      14 Franklin St, Mobile, AL 36602-2409
      View Details
    • Value Estimation by Request
      2,360 SF

      108 Claiborne St

      OFFICE BUILDING • 2,360 SF
      108 Claiborne St, Mobile, AL 36602-2313
      View Details

    Similar Nearby for Sale

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      Downtown Mobile Historic Office Building

      Historic two-story office building in Downtown Mobile for sale.
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      Office building near downtown Mobile developments and amenities.
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    • $199,000
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      Historic Mansion Renovation Opportunity

      Circa 1905 mansion requiring renovation in downtown Mobile.
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    • $649,000
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      Historic Office Building in Downtown

      Historic office building with convenient access to Government Plaza.
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    Similar Nearby for Lease

    • $16 SF/Yr
      1,341 SF

      Downtown Mobile Office Suite 3003

      Modern 1341 sq ft office, prime downtown location.
      150 Government St, Mobile, AL 36602
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    • $10 SF/Yr
      3,800 SF

      Downtown Mobile Office Space

      3800 sq ft office, prime location, NNN lease.
      107 South Bayou Street, Mobile, AL 36602
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    • $2,500 /Mo
      1,540 SF

      Historic Mobile Office Space For Lease

      Charming 1,540 sq ft office, Mobile, AL.
      156 S Lawrence St, Mobile, AL 36602
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    • $25 SF/Yr
      6,378 SF

      Downtown Mobile Office Space For Lease

      Historic Buick Building, 6,378 SF, ground floor.
      455 St Louis St, Mobile, AL 36602
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    • $16 SF/Yr
      1,400 SF

      Historic Downtown Mobile Office Space

      Prime Mobile office suites, ample parking, security.
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    • $19 SF/Yr
      2,584 SF

      Prime Mobile Office Sublease Opportunity

      Modern 2,584 SF Office, Sublease Available
      1 St Louis St, Mobile, AL 36602
      View Details
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    702 Government St
    Mobile, AL 36602
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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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