Financial
Distress signals
Property profile

840 Lakeside Dr Mobile, AL 36693

FOR LEASE
Other warehouses
View Listing
Property ID
US03-1048654
37,728 SF 2.46 ac lot Built 1987
Last sale Oct 2017 · $2,242,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a combined office/warehouse building totaling 38,100 square feet in Mobile, Alabama, comprising 33,000 square feet of warehouse space and 4,900 square feet of office area. The office includes a reception/lobby, nine private offices, two conference rooms, a server room, a supply closet, a breakroom, and two restrooms with showers. The warehouse is equipped with seven 12' x 12' drive-in doors, one 12' x 14' drive-in door, four 8' x 8' dock doors, and one 12' x 16' dock door for

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$32k
Tax billed · 2023
Assessed value$496k
Assessed land$129k
Assessed improvement$367k
Effective rate6.46%

Value estimate

· Sep 2026
$830k
$747k – $913k
CAP approach$3.31M
Submarket $/SF estimate$3.22M
NOI build-up
Gross scheduled income$274k
Vacancy & credit loss−$19k
Operating expenses−$77k
NOI · 1,883,852.63% cap applied$179k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$64/SF
Submarket average, outlier-cleaned · 87 recorded sales of this use type
Observed band · Q1–Q3$39 – $99

Cap rate analysis

How does the asset earn?
1,883,852.63%
$179k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMOBILE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office17.3
Restaurant15.8
Realty agency13.7

Location

840 Lakeside Dr Mobile, AL 36693
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1551 Azalea, Mobile, AL 36693-5219 $3,500,000 Mar 2023 60,145 SF
3700 Demetropolis, Mobile, AL 36693-4906 $1,700,000 Jun 2022 25,128 SF
4070 Halls Ml, Mobile, AL 36693-5612 $989,000 May 2022 24,144 SF
901 Butler, Mobile, AL 36693-5137 $750,000 May 2022 17,570 SF
780 Lakeside, Mobile, AL 36693-5114 $749,997 Feb 2022 20,533 SF
3675 Government, Mobile, AL 36693-4378 $455,000 Feb 2021 20,556 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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