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Property profile & analytics
FOR LEASE
Investment properties
9 Du Rhu Dr Mobile, AL 36608
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0506770
For Lease
1 / 5
$4,440,000
9 Du Rhu Dr, Mobile, AL 36608
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2007
Total area
73,127 SF
Lot
5.85 ac (254,739 SF)
APN
28 06 24 1 000 003.XXX
UPID
US03-0506770
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
-
J.Jill Clothing & Fashion Store
-
Taziki's Mediterranean Cafe - Mobile Restaurant
-
Jimmy John's Take-out & Catering
-
Panera Bread Cafe & Coffee Shop
-
Ivy Cottage (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.17M
Blend (final)
Blend
$4.44M
Owner & transaction history
Malbis Plantation INC · 1 yrs held
Malbis Plantation INC
since 2024
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,440,000
ML approach
$4,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,955,000
Current use
Blend value · Realmo final
$4.44M
Range $4.00M – $4.88M · ±10% · vs last sale $4.44M (Sep 23 2024)
Last sale anchor
$4.44M
Sep 23 2024
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
$61 / 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
$105,698
Tax year 2023
Assessed value
$1,644,480
Assessed 2023
Previous assessed
$1,644,480
+0.0% YoY
Effective rate
6.43%
On assessed value
Assessed land
$206,200
Assessed improvement
$1,438,280
Land market value
$1,031,000
Improvement market value
$7,191,400
Total market value
$8,222,400
Applied tax rate
14.0000
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
For Lease
Year built
2007
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Bathrooms
40
Total area
73,127 SF
Lot
5.85 ac (254,739 SF)
APN
28 06 24 1 000 003.XXX
UPID
US03-0506770
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
$7.0M
COMMERCIAL (GENERAL) Current
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
40
Lot
5.85 ac
Current owner
From public records · entity-resolved
Malbis Plantation INC
Entity
Free & Clear · 1 yrs held
Mailing address
101 STELLA ST, METAIRIE, LA 70005-4541
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
$4,441,000
Malbis Plantation INC
Spring Hill College
Warranty Deed
—
Oct 28, 2022
—
Goldman Sachs Mortgage Company
Goldman Sachs Bank USA
Assignment Of Lease (leasehold Sale)
—
Apr 8, 2022
$13,800,000
Legacy Village Shopping Center LLC
Legacy Village LLC
Quit Claim Deed
related
$9,200,000 · Goldman Sachs Bank USA
Sep 9, 2016
—
Legacy Village LLC
—
Deed
related
$9,921,686 · Servisfirst Bk
Sep 23, 2015
$6,980,000
Legacy Village LLC
Lvrc LLC
Quit Claim Deed
related
—
May 28, 2013
—
Spring Hill College
—
Grant Deed
related
$59,421,375 · Regions Bk
Jan 31, 2012
—
Lvrc LLC
—
Loan Modification
related
$13,270,000 · Rbc Bk (usa)
Jan 7, 2011
—
Spring Hill Clg Educational Bu
—
Grant Deed
related
$22,500,000 · Regions Equipment Finance Corporation Regions Equipment Finance Corporation
—
—
Spring Hill Clg Educational Bu
—
Deed Of Trust
related
—
—
—
Spring Hill College
—
Deed Of Trust
related
$5,000,000 · Bancorpsouth
—
—
Legacy Village LLC
—
Loan Modification
related
$9,921,686 · Servisfirst Bk
—
—
Spring Hill College
—
Deed Of Trust
related
$2,000,000 · Regions Bk
—
—
Spring Hill College
—
Deed Of Trust
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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