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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Sports & entertainment properties
879 Snow N Rd Mobile, AL 36608-9709
Entity Owned
5-yr Hold
Free & Clear
Property ID
US03-0157708
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
2003
Total area
7,647 SF
Lot
2.49 ac (108,508 SF)
APN
27 02 09 0 000 023.002
UPID
US03-0157708
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
-
Redemption Church Church
-
American Alloy Steel Factory Production Facility
-
Exit Realty Partners Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$469k
Blend (final)
Blend
$745k
Owner & transaction history
Redemption Church · 5 yrs held
Redemption Church
since 2021
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.1M
+212.2%
Office building
$835,000
+141.1%
Commercial (general)
$725,000
+110.4%
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
$1,010,000
ML approach
$1,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,080,000
Change: +212% · Conversion: Difficult
OFFICE BUILDING
$835,000
Change: +141% · Conversion: Difficult
COMMERCIAL (GENERAL)
$725,000
Change: +110% · Conversion: Difficult
WAREHOUSE, STORAGE
$485,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $800k (May 20 2021)
Last sale anchor
$800k
May 20 2021
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
$97 / 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
Assessed value
$216,840
Assessed 2023
Previous assessed
$222,480
-2.5% YoY
Assessed land
$28,220
Assessed improvement
$188,620
Land market value
$141,100
Improvement market value
$943,100
Total market value
$1,084,200
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
8
Bathrooms
8
Total area
7,647 SF
Lot
2.49 ac (108,508 SF)
APN
27 02 09 0 000 023.002
UPID
US03-0157708
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
INDUSTRIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$725,000
WAREHOUSE, STORAGE
Est. value
$485,000
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
8
Bathrooms
8
Lot
2.49 ac
Current owner
From public records · entity-resolved
Redemption Church
Entity
Free & Clear · 5 yrs held
Mailing address
1251 INDUSTRIAL PKWY, SARALAND, AL 36571-3723
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
$800,000
Redemption Church
Hembree Rentals LLC
Warranty Deed
—
Jul 21, 2016
—
Hembree Rentals LLC
—
Deed
related
$1,106,474 · Bancorpsouth
Oct 10, 2012
$566,450
Hembree Rentals LLC
Hembree,walter D JR
Warranty Deed
related
$520,000 · Century Bk
—
—
Hembree,walter D JR
—
Deed Of Trust
related
$133,000 · Banktrust
—
—
Hembree Rentals LLC
—
Deed Of Trust
related
$1,106,474 · Bancorpsouth
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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