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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    805 Church St Mobile, AL 36602

    • Warehouses
    • 4,023 SF
    • 0.50 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Value Estimations
    $360,000
    Cap Rate Potential
    6.9%
    Warehouses
    Location Intelligence
    Property ID
    US03-0974016
    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

    • Azalea Health Care / Medical Equipment Supplier / Wheelchair Repair Service
    • Mission 1st Mortgage / Mortgage Broker

    Property Details for 805 Church St

    Year built
    1985
    Lot size
    0.50 lot acres
    Property size
    4,023 SF
    Property type
    Warehouses
    APN
    29 06 40 0 010 265.XXX
    APU
    2906400010265XXX

    Description

    This exceptional 4050 square foot property, located at 805-B Government Street (cross streets: Broad Street), offers a unique blend of office and warehouse space in Mobile's vibrant downtown submarket. The building boasts 1250 square feet of well-appointed office space, complete with a full bathroom. The adjacent 2800 square foot warehouse features a large roll-up door, perfect for loading and unloading. Two drive-in bays provide convenient access. This single-tenant property is situated in a secure, multi-tenant environment with ample off-street parking. Its prime location offers unparalleled walkability to a diverse array of bars, restaurants, breweries, and entertainment venues, all within a short distance. The property's convenient access to I-10 ensures seamless transportation throughout the region. This is an ideal space for businesses seeking a blend of professional office space and functional warehouse capabilities in a highly desirable, walkable downtown setting. The property is classified as Industrial, with a Distribution and Warehouse subtype.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $380,000
      6.5%
      $355,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $398,000
      Market price range: $156k - $398k
      AI Estimate
      $405,000
      Market price range: $116k - $405k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $255,000
      Current use
      COMMERCIAL (GENERAL)
      $340,000
      Change: +33% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0517
    Latitude
    30.6853
    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
    $4,646
    $21,840
    $49,600
    $71,440
    -
    $109,200
    $248,000
    $357,200

    Comparable in this City

    • Value Estimation
      $335,000
      8,864 SF

      156 Cedar St

      WAREHOUSE, STORAGE • 8,864 SF
      156 Cedar St, Mobile, AL 36602
      View Details
    • Value Estimation
      $920,000
      336,281 SF

      Mobile, AL 36602

      WAREHOUSE, STORAGE • 336,281 SF
      Mobile, AL 36602
      View Details
    • Value Estimation
      $255,000
      2,268 SF

      Mobile, AL 36602

      WAREHOUSE, STORAGE • 2,268 SF
      Mobile, AL 36602
      View Details
    • Value Estimation
      $325,000
      3,996 SF

      554 Saint Francis St

      WAREHOUSE, STORAGE • 3,996 SF
      554 Saint Francis St, Mobile, AL 36602-2150
      View Details
    • Value Estimation
      $335,000
      4,177 SF

      555 Saint Louis St

      WAREHOUSE, STORAGE • 4,177 SF
      555 Saint Louis St, Mobile, AL 36602-2219
      View Details
    • Value Estimation
      $335,000
      5,500 SF

      557 Saint Louis St

      WAREHOUSE, STORAGE • 5,500 SF
      557 Saint Louis St, Mobile, AL 36602-2219
      View Details

    Similar Nearby for Sale

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      Retail/Warehouse Space on Broad St

      8,135 SF retail/warehouse space with renovated office and climate-controlled warehouse.
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      Historic Downtown Mobile Mixed-Use

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    • $689,000
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      Historic Downtown Mobile Office Building

      Prime location, 5,073 SF, historic charm.
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    • $595,000
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      Downtown Mobile Historic Office Building

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      Downtown Mobile Office Building

      Office building near downtown Mobile developments and amenities.
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    Similar Nearby for Lease

    • $11 SF/Yr
      4,000 SF

      Downtown Mobile Office/Warehouse

      Prime Downtown Location, Office & Warehouse Space
      805 Church St, Mobile, AL 36602
      View Details
    • $8 SF/Yr
      24,000 SF

      Downtown Mobile Industrial Space For Lease

      24,000 SF Flex Space; NNN Lease
      75 Beauregard St, Mobile, AL 36602
      View Details
    • $10 SF/Yr
      1,520 SF

      Downtown Mobile Office/Warehouse Suite C

      1520 sq ft, $10/sq ft/year NNN lease.
      805 Church St, Mobile, AL 36602
      View Details
    • $10 SF/Yr
      2,720 SF

      Downtown Mobile Office/Warehouse Suite B

      Prime 2,720 SF Office/Warehouse Space Available
      805 Church St, Mobile, AL 36602
      View Details
    • $12 SF/Yr
      1,225 SF

      Downtown Mobile Office/Warehouse Suite A

      Prime 1,225 SF Office/Warehouse Space Available
      805 Church St, Mobile, AL 36602
      View Details
    • $6 SF/Yr
      8,227 SF

      Mobile, AL Industrial Space

      Large 3rd Floor Storage; Flexible Buildout
      118 N Royal St, Mobile, AL 36602
      View Details
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    Mobile, AL 36602
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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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