Showroom Building with High
For Sale
$390,000
156 E Beltline Highway N, Mobile, AL 36607
COMMERCIAL - Mobile, AL
Property Size1,312 SF
Lot Size0.07 Acres
Price / SF$297.26
Days on Market95
Property Features for 156 E Beltline Highway N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3
Parking
30
Parking features
Parking Lot
Interior features
Beamed Ceilings, High Ceilings 10 or Greater, Living Space Available, Low Flow Plumbing Fixtures, Reception Area, Restrooms
Lot features
Corner Lot
View
City
Standard status
Active
APN
2806374000010
Size
1,312 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
1157
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
well-lit car lot
security cameras
Building Details
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Brick 4 Sides
Roof type
Flat
Listing Agency:
Roberts Brothers Comm & Prop M · Berkshire Hathaway HomeServices
(251) 342-8000
Listed By:
Edward Ladd
(251) 342-8000
Added: May 27
Changed: Aug 4
Last Checked: Aug 29 at 10:06PM
MLS# 7778181
Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This showroom building is located on two adjoining lots at 150-156 E I-65 Service Road (Key #00555081 and 00555090). The building is constructed with block and brick 4 sides and features a flat roof. Interior highlights include a reception area, restrooms, and high ceilings (10 or greater), along with beamed ceilings and ceramic tile flooring.
The property offers central electric heating and central air conditioning. It includes a parking lot and is described as having a well-lit car lot with security cameras. Public utilities are available, including water and public sewer.
Zoned B3, the site has a lot size of 0.0733 acres and an overall property size of 1,312 square feet. The listing notes excellent exposure to I-65.
The property offers central electric heating and central air conditioning. It includes a parking lot and is described as having a well-lit car lot with security cameras. Public utilities are available, including water and public sewer.
Zoned B3, the site has a lot size of 0.0733 acres and an overall property size of 1,312 square feet. The listing notes excellent exposure to I-65.
Key Highlights
- Two adjoining lots at 150‑156 E I‑65 Service Road (Key #00555081 and 00555090)
- Excellent exposure to I‑65
- 0.0733‑acre site with 1,312 SF showroom building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,366
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,320
$347.3K
Cap Rate 7%
$248,086
$248.1K
Cap Rate 9%
$192,956
$193.0K
Market Conditions
NOI Build-Up for 1,312 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.0K $19.80/SF
− Vacancy
−$1.2K −$0.89/SF
EGI
$24.8K $18.91/SF
− OpEx
−$7.4K −$5.67/SF
NOI
$17.4K $13.24/SF
Area
Mobile, AL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,320
Cap Rate 7%
$248,086
Cap Rate 9%
$192,956
Alternative Uses
Best Use
Retail
$248.1K
$217.1K – $289.4K
NOI $17,366 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$333.5K
$291.8K – $389.1K
NOI $23,343 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36607, AL
6,264
Population
3,175
Households
2
Avg Household Size
44
Median Age
31%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
2,088
Density / Sq Mi
$40,681
Median Household Income
$40,648
Median Earnings
$999
Median Rent
$125,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Floor Depot Inc — 3221 Moffett Rd, Mobile, AL 36607
Frequently Asked Questions
What type of property is this?
Showroom - B3 zoned showroom building with central HVAC and public utilities, set on a well-lit parking lot with security cameras.
Where is this showroom located?
The property is located at 156 E Beltline Highway N Mobile, AL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two adjoining lots at 150‑156 E I‑65 Service Road (Key #00555081 and 00555090); Excellent exposure to I‑65; 0.0733‑acre site with 1,312 SF showroom building
