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    758 Downtowner Blvd Mobile, AL 36609-5424
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    758 Downtowner Blvd Mobile, AL 36609-5424

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    • Turn key restaurants
    • 6,135 SF
    • 1.36 lot acres
    Off-Market
    Last Sale Mar 31, 2022
    $850,000
    Property ID
    US03-0562926
    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.
    Value Estimations
    $930,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • New Indian Grocery / Grocery & Convenience Store / Food Market
    • Biryani Pot / Restaurant
    • Sootaway Chimney Sweeps and Masonry of Mobile / General Contractor / Renovation Specialist

    Property Details for 758 Downtowner Blvd

    Year built
    1998
    Lot size
    1.36 lot acres
    Property size
    6,135 SF
    Property type
    Turn key restaurants
    APN
    28 07 26 1 000 052.XXX
    APU
    2807261000052XXX

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $975,000
      ML approach
      $985,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $986,000
      Market price range: $440k - $2.11M
      AI Estimate
      $611,000
      Market price range: $503k - $1.11M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1407
    Latitude
    30.6734
    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
    $10,551
    $42,920
    $118,560
    $161,480
    -
    $214,600
    $592,800
    $807,400

    Comparable in this City

    • Value Estimation
      $525,000
      2,566 SF

      680 University Blvd

      RESTAURANT • 2,566 SF
      680 University Blvd, Mobile, AL 36609-7866
      View Details
    • Value Estimation by Request
      4,030 SF

      257 Azalea Rd

      RESTAURANT • 4,030 SF
      257 Azalea Rd, Mobile, AL 36609-1901
      View Details
    • Value Estimation by Request
      920 SF

      462 Azalea Rd

      RESTAURANT • 920 SF
      462 Azalea Rd, Mobile, AL 36609-1653
      View Details
    • Value Estimation
      $535,000
      5,528 SF

      830 65th Service S Rd

      RESTAURANT • 5,528 SF
      830 65th Service S Rd, Mobile, AL 36609-1314
      View Details
    • Value Estimation
      $1,105,000
      6,371 SF

      901 Montlimar Dr

      RESTAURANT • 6,371 SF
      901 Montlimar Dr, Mobile, AL 36609-1729
      View Details
    • Value Estimation by Request
      3,427 SF

      464 Azalea Rd

      RESTAURANT • 3,427 SF
      464 Azalea Rd, Mobile, AL 36609-1653
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Restaurant with Owner Financing

      Completely renovated restaurant with new equipment and owner financing.
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      17,985 SF

      Office Warehouse with Retail Frontage

      17,985 SF office warehouse suitable for various uses.
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      Charming Cottage on Cottage Hill

      Adorable cottage ideal for retail, office, or salon.
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    • $1,350,000
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      Mobile Office/Retail Plaza Investment

      Six-unit plaza, leased, strong ROI potential.
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    • $699,000
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      Retail/Warehouse Building with Ample Parking

      Leased retail/warehouse building with drive-in door and ample parking.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Restaurant with Drive-Thru

      3,000 SF restaurant with drive-thru at busy intersection.
      3957 Cottage Hill Rd, Mobile, AL 36609
      View Details
    • $15 SF/Yr
      1,200 SF

      University Oaks Retail Space Available

      High-traffic retail space, ideal for various uses.
      1956 S University Blvd, Mobile, AL 36609
      View Details
    • $10 SF/Yr
      4,000 SF

      Mobile Retail Warehouse Space For Lease

      High-traffic Cottage Hill Rd. location, 4,000 SF.
      3428 Cottage Hill Road, Mobile, AL 36609
      View Details
    • Contact for pricing
      2,846 SF

      Downtowner Blvd Retail/Office Space

      Retail and office spaces available on Downtowner Blvd.
      798 Downtowner Blvd, Mobile, AL 36609
      View Details
    • $15 SF/Yr
      1,200 SF

      Cottage Hill Retail Space Available

      1200 sq ft retail space, Mobile, AL. Great location!
      5035 Cottage Hill Rd, Mobile, AL 36609
      View Details
    • $2,500 /Mo
      3,000 SF

      Mobile Office Building - 3000 SF

      Prime Mobile Office Space: Lease or Buy. Ideal Training Facility.
      3506 Montlimar Plaza Dr, Mobile, AL 36609
      View Details
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    758 Downtowner Blvd
    Mobile, AL 36609-5424
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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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