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    1142 Montlimar Dr Mobile, AL 36609

    Source: https://www.saltercompany.com
    For Sale
    $875,000

    Updated 6300 sq ft office building, ample parking.

    Property size:
    6,300 SF

    Description

    Added:
    Jan 31, 2025
    Days on Market:
    312
    This meticulously maintained 6300+/- square foot office building in Mobile, Alabama, presents a fantastic investment opportunity. Located at 1142 Montlimar Dr, 36609, this property boasts numerous recent upgrades completed within the last four years. These improvements include a fresh coat of paint and resealed stucco exterior, updated gutters and downspouts, a complete interior repaint, new flooring throughout, and a durable new metal roof. The building's versatile layout includes a mix of private offices, open bullpen-style workspaces, and glass-walled offices, providing flexibility for various business needs. Both the upstairs and downstairs areas offer distinct functional spaces. A large conference room (currently used as multiple offices) is available, along with a full kitchen on the ground floor and a convenient breakroom upstairs. Ample parking is provided both in front and behind the building. The current tenant is paying $6300 per month and is willing to remain, or the space can be vacated to suit the new owner's needs. The property sits on a 0.6-acre lot. This is an exceptional opportunity to acquire a well-maintained, updated office building in a desirable Mobile location.

    Property Features for 1142 Montlimar Dr

    General Information

    Property type
    Residential offices
    Square Feet
    6,300 SF
    Price / Square Foot
    $138
    Elevators
    N/A
    Lot Size
    26,136 SF

    Building Details

    Year Renovated
    2020
    Buildings
    1
    Stories
    2

    HighLights

    • Recently renovated 6300 sq ft office building in Mobile, AL.
    • Features private & open offices, plus a large conference room and full kitchen.
    • Ample parking and a current tenant paying $6300 monthly rent.
    Insight Report Location Intelligence

    Current Use by Public Records

    Alliance Engineering Engineer Retrēv Software Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    State
    Alabama
    Longitude
    -88.13378
    Latitude
    30.667066

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    FAQs

    What type of property is this?
    Residential office - Updated 6300 sq ft office building, ample parking.
    Where is this residential office located?
    The property is located at 1142 Montlimar Dr Mobile, AL.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Recently renovated 6300 sq ft office building in Mobile, AL.; Features private & open offices, plus a large conference room and full kitchen.; Ample parking and a current tenant paying $6300 monthly rent.
    (850) 564-0120
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    Realmo Value Estimation

    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.

    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.

    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
    1142 Montlimar Dr Mobile, AL 36609
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