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    Property profile & analytics

    736 Hillcrest Rd Mobile, AL 36695-3904

    • Banks
    • 3,752 SF
    • 1.32 lot acres
    OFF-MARKET
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-3062363
    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

    • Truist - ATM / Atm
    • BB&T Insurance Services / Insurance Agency
    • Truist / Bank
    • BB&T ATM / Atm

    Property Details for 736 Hillcrest Rd

    Year built
    1993
    Lot size
    1.32 lot acres
    Property size
    3,752 SF
    Property type
    Banks
    APN
    28 04 20 4 000 113.001
    APU
    2804204000113001

    Description

    This exceptional investment opportunity presents a freestanding, 3,750-square-foot Truist Bank building situated on a substantial 1.32-acre lot in Mobile, Alabama. The property boasts a highly desirable location at the signalized intersection of Hillcrest Road and Airport Boulevard, experiencing a combined daily vehicle traffic count of 53,280. Ample parking and multiple access points cater to customer convenience. The property benefits from a strong demographic profile, with over 130,987 residents within a five-mile radius and proximity to USA Health Providence Hospital, a 349-bed medical facility, less than a mile away. This absolute NNN lease with Truist Financial Corporation, a major financial institution with over $460 billion in assets, offers exceptional security and stability. The lease, originally commencing December 17, 2007, has a remaining term of approximately 1.1 years, with three, 5-year lease options including 1.25% annual rent bumps. The building, constructed in 1998, generates a substantial net operating income (NOI) of $123,094, representing a compelling 7.25% cap rate based on the asking price of $1,698,000. This translates to a price per square foot of $452.80. The property's strong tenant, prime location, and favorable lease terms make it an attractive addition to any investment portfolio. The 100% occupancy rate further underscores the property's value and potential for long-term growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $339,000
      Market price range: $242k - $376k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1915
    Latitude
    30.6767
    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
    $11,009
    $60,340
    $108,500
    $168,840
    -
    $301,700
    $542,500
    $844,200

    Comparable in this City

    • Value Estimation
      $1,725,000
      4,013 SF

      1057 Schillinger S Rd

      FINANCIAL BUILDING • 4,013 SF
      1057 Schillinger S Rd, Mobile, AL 36695-8983
      View Details
    • Value Estimation
      $415,000
      4,877 SF

      1353 Cody S Rd

      FINANCIAL BUILDING • 4,877 SF
      1353 Cody S Rd, Mobile, AL 36695-5449
      View Details
    • Value Estimation
      $485,000
      6,411 SF

      825 Schillinger S Rd

      FINANCIAL BUILDING • 6,411 SF
      825 Schillinger S Rd, Mobile, AL 36695-8910
      View Details
    • Value Estimation by Request
      5,661 SF

      3480 Schillinger S Rd

      FINANCIAL BUILDING • 5,661 SF
      3480 Schillinger S Rd, Mobile, AL 36695-4172
      View Details
    • Value Estimation
      $370,000
      4,438 SF

      8775 Cottage Hl Rd

      FINANCIAL BUILDING • 4,438 SF
      8775 Cottage Hl Rd, Mobile, AL 36695-3614
      View Details
    • Value Estimation
      $390,000
      4,167 SF

      2515 Schillinger S Rd

      FINANCIAL BUILDING • 4,167 SF
      2515 Schillinger S Rd, Mobile, AL 36695-4633
      View Details

    Similar Nearby for Sale

    • $1,850,000
      74,052 SF

      Schillinger Road Commercial Land

      ±1.7-acre Mobile, AL commercial property. High traffic location.
      610 Schillinger Rd S, Mobile, AL 36695
      View Details
    • $2,600,000

      Retail Showroom/Warehouse on Schillinger Road

      Retail showroom/warehouse on 1.3 acres at signalized intersection.
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    • $425,000

      Established Dry Cleaners For Sale

      Dry cleaning business with building and equipment in prime location.
      1436 Hillcrest Rd, Mobile, AL 36695
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    • $3,361,921
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      Mobile Urgent Care Center Investment

      High-yield, NNN-leased medical property.
      2451 D'iberville Dr, Mobile, AL 36695
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    • $1,200,000

      Fully Occupied Shopping Center

      7,350 SF shopping center with long-term tenants.
      1234 Hillcrest Rd, Mobile, AL 36695
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    • $1,899,000
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      Commercial Lot with Building

      Commercial lot with building in high-traffic shopping area.
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    Similar Nearby for Lease

    • $27 SF/Yr
      2,800 SF

      Schillinger Road Retail Space For Lease

      High-visibility retail space in booming West Mobile.
      1065 Schillinger Rd., Mobile, AL 36695
      View Details
    • $22 SF/Yr
      2,000 SF

      Schillinger Rd Retail Space For Lease

      High-traffic retail space, excellent visibility.
      720 Schillinger Rd, Mobile, AL 36695
      View Details
    • $15 SF/Yr
      1,200 SF

      Retail Space in West Mobile

      Retail space in a high-income area of West Mobile.
      2410 Dawes Rd, Mobile, AL 36695
      View Details
    • $2,400 /Mo
      1,214 SF

      Hillcrest Road Retail Space

      Prime 1,214 SF end-cap retail space. High visibility, drive-up window.
      1175 Hillcrest Rd, Mobile, AL 36695
      View Details
    • $7,875 /Mo
      37,610 SF

      Hillcrest Road Commercial Building

      Commercial building on Hillcrest Road with front and rear parking.
      1565 Hillcrest Rd, Mobile, AL 36695
      View Details
    • $15 SF/Yr
      2,500 SF

      Prime Mobile Retail Space

      High-traffic location, 2500 sq ft.
      960 Schillinger Road South, Mobile, AL 36695
      View Details
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    736 Hillcrest Rd
    Mobile, AL 36695-3904
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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