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Property profile & analytics
OFF-MARKET
Estimated value
$4,100,000
Investment properties
7721 Airport Blvd Mobile, AL 36608-5052
Entity Owned
5-yr Hold
Free & Clear
Property ID
US03-0800971
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2016
Total area
26,432 SF
Lot
2.33 ac (101,669 SF)
APN
28 04 19 2 000 046.XXX
UPID
US03-0800971
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
-
Andrew Waldhelm Physician
-
The Joint Chiropractic - West Mobile Alternative Medicine Practice
-
Sport Clips Haircuts of Mobile - Westwood Plaza Hair Salon
-
Five Guys Restaurant
-
AutoZone Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.41M
Comparable Approach
Comparable
$4.05M
Blend (final)
Blend
$4.10M
Owner & transaction history
Hobby Lobby Stores INC · 5 yrs held
Hobby Lobby Stores INC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.4M
+116.0%
Restaurant
$5.3M
+110.0%
Medical building
$5.1M
+103.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,865,000
6.5%
$5,410,000
7%
$5,025,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,515,000
Current use
RETAIL STORES
$5,430,000
Change: +116% · Conversion: Easy
RESTAURANT
$5,280,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$5,105,000
Change: +103% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,730,000
Change: +48% · Conversion: Moderate
OFFICE BUILDING
$2,880,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$4.10M
Range $3.69M – $4.51M · ±10%
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
$155 / 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
$47,056
Tax year 2023
Assessed value
$785,420
Assessed 2023
Previous assessed
$785,420
+0.0% YoY
Effective rate
5.99%
On assessed value
Assessed land
$144,640
Assessed improvement
$640,780
Land market value
$723,200
Improvement market value
$3,203,900
Total market value
$3,927,100
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
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
26,432 SF
Lot
2.33 ac (101,669 SF)
APN
28 04 19 2 000 046.XXX
UPID
US03-0800971
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
$2.5M
RETAIL STORES
Est. value
$5.4M
RESTAURANT
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$5.1M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
OFFICE BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
2.33 ac
Current owner
From public records · entity-resolved
Hobby Lobby Stores INC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 16167, MOBILE, AL 36616-0167
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2021
$2,189,000
Hobby Lobby Stores INC
Westwood Plaza LLC
Grant Deed
—
Mar 18, 2015
—
Westwood Plaza LLC
—
Grant Deed
related
$4,000,000 · Bancorpsouth
Jan 24, 2013
—
Westwood Plaza LLC
—
Trustees Deed
related
$1,211,250 · Bancorpsouth
Dec 27, 2012
$750,000
Westwood Plaza LLC
Business Connections PC
Warranty Deed
—
Dec 27, 2012
$675,000
Westwood Plaza LLC
Hancock Hazel B Trust
Warranty Deed
—
Dec 11, 2007
—
Hancock,hazel B Trust
Hancock,hazel L
Correction Deed
related
—
—
—
Westwood Plaza LLC
—
Deed Of Trust
related
$35,000,000 · Miscellaneous Ins Co
—
—
Westwood Plaza LLC
—
Loan Modification
related
$35,000,000 · Miscellaneous Ins Co
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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