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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Turn key restaurants
758 Downtowner Blvd Mobile, AL 36609-5424
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0562926
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Total area
6,135 SF
Lot
1.36 ac (59,416 SF)
APN
28 07 26 1 000 052.XXX
UPID
US03-0562926
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
-
New Indian Grocery Grocery & Convenience Store Food Market
-
Biryani Pot Restaurant
-
Sootaway Chimney Sweeps and Masonry of Mobile General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$987k
Blend (final)
Blend
$930k
Owner & transaction history
Farah Investments LLC · 4 yrs held
Farah Investments LLC
since 2022
Last sale
$850,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+2.9%
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 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
$975,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,225,000
Current use
RETAIL STORES
$1,260,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$1,185,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $850k (Mar 31 2022)
Last sale anchor
$850k
Mar 31 2022
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
$152 / 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
$10,551
Tax year 2023
Assessed value
$161,480
Assessed 2023
Previous assessed
$161,480
+0.0% YoY
Effective rate
6.53%
On assessed value
Assessed land
$42,920
Assessed improvement
$118,560
Land market value
$214,600
Improvement market value
$592,800
Total market value
$807,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
6,135 SF
Lot
1.36 ac (59,416 SF)
APN
28 07 26 1 000 052.XXX
UPID
US03-0562926
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
RESTAURANT Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT Current
RETAIL STORES
MEDICAL 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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Farah Investments LLC
Entity
Mailing address
5850 W 3RD ST #180, LOS ANGELES, CA 90036-2881
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
$850,000
Farah Investments LLC
Sai Surya LLC
Deed
$704,042 · Raoof Khan
Mar 2, 2022
$375,000
Sai Surya LLC
Moss Investments INC
Warranty Deed
—
Oct 4, 2019
$375,000
Moss Investments INC
Samuel J Siegel
Warranty Deed
$263,693 · Trustmark National Bank
Dec 5, 2013
$386,500
Jayfaye LLC
Siegel,samuel & Anne
Warranty Deed
—
—
—
Jayfaye LLC
—
Deed Of Trust
related
$285,000 · Pnc 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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