Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1055 Spring Hill Ave Mobile, AL 36604

    Sponsored
    For Lease
    $1,500 /Mo ($1.07 SF/Yr)

    Mixed Use - Mobile, AL

    Type:Mixed Use
    Lot size:
    0.39 Acres
    Days on Market:
    217
    Last Refresh:
    Jan 20 at 4:06 am

    Property Features for 1055 Spring Hill Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    B3
    APN
    2906400009058
    Parking features
    Parking Lot
    Lot size
    0.39 Acres

    Building Details

    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Edward Ladd

    Roberts Brothers, Inc. (251) 344-9220 [email protected]

    Listing agent Edward Ladd (251) 342-8000

    Listing date Jun 18, 2025

    MLS# 7499858 Listing URL

    Copyright © 2026 Gulf Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mobile, AL Mixed-Use Space

    This mixed-use space is located on the south side of Spring Hill Avenue, just east of Pine Street, in a high-traffic area of Mobile, Alabama. The property includes separate male and female bathrooms, a large open area adjoining a waiting area, and a rear workroom. A parking lot is situated to the east of the building. The lot size is 0.3868 acres. The zoning is B3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cuttinup Barbershop Holdings ... Barber Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Alabama Administrators

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.059854
    Latitude
    30.690911

    Nearby Similar for Lease

    • $1,500 /Mo
      17,864 SF

      West Mobile Office Space Available

      Conveniently located office space with multiple offices, meeting room, breakrooms.
      6051 Airport Blvd, Mobile, AL 36608
      View Details
    • $950 /Mo
      5,014 SF

      Cottage on Cottage Hill Road

      Cottage ideal for office or retail near Greer's Cash Saver.
      811 Wildwood Dr, Mobile, AL 36693
      View Details
    • $1,500 /Mo
      19,118 SF

      Commercial Building on Moffett Road

      Commercial building for sale or lease on high-traffic Moffett Road.
      7361 Moffett Rd, Mobile, AL 36618
      View Details
    • $4,500 /Mo
      25,369 SF

      Retail Space on Schillinger Road

      Adaptable retail space with additional parking in Mobile, Alabama.
      75 Schillinger Rd N, Mobile, AL 36608
      View Details
    • $8,800 /Mo
      23,292 SF

      Warehouse in Central Mobile, AL

      Warehouse space suitable for logistics or local warehouse needs.
      2312 Halls Mill Rd, Mobile, AL 36606
      View Details
    • $1,700 /Mo
      29,320 SF

      Retail/Office Space Near Restaurants

      1500 sqft suite available for lease in a desirable location.
      750 Downtowner Loop W, Mobile, AL 36609
      View Details
    • $980 /Mo
      29,320 SF

      Mobile Office Space For Lease

      Office suite available in a desirable Mobile, AL location.
      750 Downtowner Loop W, Mobile, AL 36609
      View Details
    • $1,100 /Mo
      6,164 SF

      Midtown Office Space on Tacon

      Office space in Midtown Mobile, conveniently located near Downtown.
      50 Tacon St, Mobile, AL 36607
      View Details
    • $7,232 /Mo
      23,326 SF

      Move-In Ready Office Space Available

      All-inclusive office space in a convenient West Mobile location.
      1621 University Blvd S, Mobile, AL 36609
      View Details
    • $1,600 /Mo
      19,972 SF

      Mixed-Use Space with Warehouse

      Office and warehouse space near Old Shell Road and I-65.
      166 Noel Ave, Mobile, AL 36607
      View Details
    • $1,600 /Mo
      40,685 SF

      Retail Space on Cottage Hill

      Retail space with utilities included near Cottage Hill Road.
      5301 Cottage Hill Rd, Mobile, AL 36609
      View Details
    • $425 /Mo
      4,147 SF

      Mixed-Use Property with Office Suites

      Mixed-use property featuring retail and office spaces for lease.
      5300 Overlook Rd, Mobile, AL 36618
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - Mixed-use space for rent in high-traffic Mobile location.
    Where is this parking lot & garage located?
    The property is located at 1055 Spring Hill Ave Mobile, AL.
    What is the lease rate?
    The lease rate is $1.07 SF/Yr.
    What are key features of this property?
    This property features: - High Traffic Area: Located just East of Pine Street on Spring Hill Ave.; - Parking Lot: Includes a dedicated parking lot.; - Large Open Area: Features a **large open area** adjoining waiting area and rear workroom.
    (251) 342-8000
    Request Owner's contact information
    1055 Spring Hill Ave Mobile, AL 36604
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1055 Spring Hill Ave
    Mobile, AL 36604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1055 Spring Hill Ave Mobile, AL 36604
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Edward Ladd
    (251) 342-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.