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    Machine Shop with Oversized Doors Title is generated by Realmo AI

    913 Butler Drive, Mobile, AL 36693

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    Claim this Listing
    For Sale
    $800,000

    COMMERCIAL - Mobile, AL

    Property size:
    8,832 SF
    Lot size:
    0.51 Acres
    Price / SF:
    $90/SF
    Added:
    Jun 13, 2025
    Days on Market:
    357
    Last Refresh:
    Jun 4 at 5:06 am

    Property Features for 913 Butler Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C
    Parking
    9
    Parking features
    Parking Lot
    Window features
    Skylight(s)
    Interior features
    High Ceilings 10 or Greater, Reception Area, Restrooms
    Standard status
    Active
    APN
    280739000402402
    Size
    8,832 SF
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3918

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1981
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Aluminum Siding, Brick, Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Tabitha Huber
    Tabitha Huber

    Listing agent Tabitha Huber License #150762

    Listing office eXp Realty Southern Branch 1313 S. Commercial Drive., Foley, AL

    Listing date Jun 13, 2025

    MLS# 7621937

    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.

    HighLights

    • 9600 SF machine shop building built in 1981 with high ceilings (10+ ft)
    • Property includes existing machine equipment (equipment to remain with the building)
    • 3 oversized garage doors for loading, shipping, and receiving
    • Reception area and restrooms included inside the building
    • Concrete flooring and metal roof
    • Parking lot onsite; cable available; located about 1 minute from I‑65

    Overview

    This for-sale industrial machine shop offers a working fabrication environment with existing machine equipment included. The building features three oversized garage doors designed for straightforward drive-in access and loading of large machinery or workpieces. With zoning listed as C, the property is set up for industrial-oriented operations requiring an in-place shop layout.

    The property is located at 913 Butler Drive in Mobile, Alabama (36693) and is described as being about one minute from I-65. That proximity supports practical access for shipping and receiving, as well as day-to-day workforce logistics.

    For industrial operators, fabricators, and other buyers looking for a turnkey-ready shop, the included equipment and drive-in garage configuration can help reduce setup time compared with starting from scratch. The property is also well-suited for owners who want a dedicated machine shop facility where technicians and material handling can move through the space efficiently using the oversized door openings.

    Local Financial Insights For Industrial

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $63.6k $7.20
    − Vacancy −$4.3k −$0.49
    EGI $59.3k $6.71
    − OpEx −$17.8k −$2.01
    NOI $41.5k $4.70
    8,832 SF · lease $7.20/SF/yr · vacancy 6.80% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $592.7K
    $518.6K – $691.4K (±1% cap)
    NOI $41,486 @ 7.0% cap · market cap 5.19%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.24M
    $1.96M – $2.62M (±1% cap)
    NOI $157,136 @ 7.0% cap · market cap 19.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Competition Head Services Industrial Manufacturer

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.130359
    Latitude
    30.650095

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    FAQs

    What type of property is this?
    Manufacturing property - For sale machine shop with included equipment and three oversized garage doors for accommodating large industrial workpieces.
    Where is this manufacturing property located?
    The property is located at 913 Butler Drive Mobile, AL.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 9600 SF machine shop building built in 1981 with high ceilings (10+ ft); Property includes existing machine equipment (equipment to remain with the building); 3 oversized garage doors for loading, shipping, and receiving
    (251) 303-0119
    We can help!
    Listing Contact
    Tabitha Huber
    Tabitha Huber
    Real Estate License ID: 150762
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    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.

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