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    3100 Cottage Hill Road Mobile, AL 36606

    Source: https://www.saltercompany.com
    For Sale
    $12,000,000

    Class B Office Complex, Mobile, AL. High Occupancy, Ample Parking.

    Property size:
    92,188 SF

    Description

    Added:
    Feb 5, 2025
    Days on Market:
    312
    This exceptional investment opportunity presents a Class B office complex strategically located in the heart of Mobile, Alabama. The property encompasses seven buildings totaling approximately 127,170 square feet, offering 27 individual office suites. Currently boasting a 92% occupancy rate, this complex provides a strong, immediate return on investment. The net rentable area is 124,245 square feet, situated on a 4.83-acre lot, ensuring ample parking for tenants and visitors. The property's prime location in Mobile positions it as an attractive investment, benefiting from high visibility and easy access to major transportation routes. Financial details are available upon execution of a confidentiality agreement. This is a rare chance to acquire a well-established, high-performing office complex in a thriving Alabama market. The property is priced at $12,000,000. Further details regarding the financial performance, including net operating income, are available to qualified buyers under a non-disclosure agreement.

    Property Features for 3100 Cottage Hill Road

    General Information

    Property type
    Other office properties
    Square Feet
    92,188 SF
    Price / Square Foot
    $130
    Class
    B
    Elevators
    N/A
    Net Rentable
    124,245 SF
    Lot Size
    210,644 SF

    Building Details

    Buildings
    7
    Stories
    1
    Units
    27

    HighLights

    • Seven buildings comprise this 127,170+ sq ft Class B office complex.
    • Strategically located in Mobile's central business district with ample parking.
    • Currently 92% leased, offering a strong 8.9% CAP rate and 27 office suites.
    Insight Report Location Intelligence

    Current Use by Public Records

    3100 Cottage Hill ... Shopping Mall Floretta P. Carson ... Public Educational Institution Loan Till Payday ... Loan Agency Maverick Technologies Business Management Consultant Gardner Landscaping Lawn Care Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    State
    Alabama
    Longitude
    -87.898267
    Latitude
    30.608116

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    FAQs

    What type of property is this?
    Office property - Class B Office Complex, Mobile, AL. High Occupancy, Ample Parking.
    Where is this office property located?
    The property is located at 3100 Cottage Hill Road Mobile, AL.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: Seven buildings comprise this 127,170+ sq ft Class B office complex.; Strategically located in Mobile's central business district with ample parking.; Currently 92% leased, offering a strong 8.9% CAP rate and 27 office suites.
    (850) 564-0120
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    3100 Cottage Hill Road Mobile, AL 36606
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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
    3100 Cottage Hill Road Mobile, AL 36606
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