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Property profile & analytics
FOR LEASE
Investment properties
7272 Theodore Dawes Rd Theodore, AL 36582
Entity Owned
4-yr Hold
Free & Clear
Property ID
US03-1013465
For Lease
1 / 2
$12 SF/Yr
7272 Theodore Dawes Rd, Theodore, AL 36582
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1989
Total area
8,295 SF
Lot
1.12 ac (48,787 SF)
APN
33 09 31 4 000 033.XXX
UPID
US03-1013465
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
-
Intrinsic IMAGE & TINTING Interior Design Auto Repair Shop
-
Star Concrete and Rebar LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.04M
Owner & transaction history
Westbrook Theodore LLC · 4 yrs held
Westbrook Theodore LLC
since 2021
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+129.3%
Restaurant
$1.6M
+116.6%
Retail stores
$1.4M
+94.9%
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 Theodore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Theodore 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
$1,005,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$735,000
Current use
MEDICAL BUILDING
$1,680,000
Change: +129% · Conversion: Easy
RESTAURANT
$1,590,000
Change: +117% · Conversion: Difficult
RETAIL STORES
$1,430,000
Change: +95% · Conversion: Easy
OFFICE BUILDING
$890,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $950k (Aug 19 2021)
Last sale anchor
$950k
Aug 19 2021
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
$125 / 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
$7,312
Tax year 2023
Assessed value
$150,760
Assessed 2023
Previous assessed
$97,280
+55.0% YoY
Effective rate
4.85%
On assessed value
Assessed land
$60,380
Assessed improvement
$90,380
Land market value
$301,900
Improvement market value
$451,900
Total market value
$753,800
Applied tax rate
10.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1989
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
8,295 SF
Lot
1.12 ac (48,787 SF)
APN
33 09 31 4 000 033.XXX
UPID
US03-1013465
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
COMMERCIAL (GENERAL) Current
Est. value
$735,000
MEDICAL BUILDING
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING
Est. value
$890,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
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
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Westbrook Theodore LLC
Entity
Free & Clear · 4 yrs held
Mailing address
26 SWAN ST, NEW ORLEANS, LA 70124-4405
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
—
Westbrook Theodore LLC
—
Deed
related
$750,000 · Bancorpsouth Bank
Aug 19, 2021
$950,000
Westbrook Theodore LLC
Map Mobile Pascagoula II LLC
Warranty Deed
—
Jun 4, 2015
$1,100,000
Alabama Streams LLC
Evangelical Christian Cu
Warranty Deed
—
Aug 15, 2014
$1,079,000
Evangelical Christian Cu
Auctioneer Of Mobile County|new Beginnings Church
Trustees Deed
related
—
—
—
New Beginnings Church INC
—
Deed Of Trust
related
$1,350,000 · Evangelical Christian Cu
—
—
New Beginnings Church INC
—
Deed Of Trust
related
$150,000 · Evangelical Christian Cu
—
—
New Beginnings Church INC
—
Deed Of Trust
related
$389,675 · Evangelical Christian Cu
—
—
New Beginnings Church INC
—
Deed Of Trust
related
$1,430,143 · Evangelical Christian Cu
—
—
New Beginnings Church INC
—
Loan Modification
related
$1,061,450 · Evangelical Christian Cu
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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