Retail Building Near Downtown
For Sale
$799,900
1053 S Broad St, Mobile, AL 36603
Retail building near downtown Mobile with frontage on South Broad.
Property Size8,000 SF
Price / SF$99.99
Days on Market160
Property Features for 1053 S Broad St
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Street Retail
Building Details
Building Size
8,000 SF
Year Built
1963
Listing Agency:
WHITE-SPUNNER REALTY, INC.
Listed By:
Jamie Ison · License #AL 000095490
(251) 454-2327
Source:
Thebrokerlist
Added: May 14
Changed: Aug 23
Last Checked: Aug 18 at 7:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WHITE-SPUNNER REALTY, INC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 8,000 square foot retail building is located close to downtown Mobile, with frontage on South Broad Street. The property is less than half a mile from the entrance to I-10 and less than 10 minutes from downtown Mobile. It has most recently been occupied as an automotive retail/consignment dealership.
Key Highlights
- High‑traffic location with frontage on South Broad Street.
- Less than half a mile from I‑10 entrance.
- Less than 10 minutes from downtown Mobile.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,578
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,560
$751.6K
Cap Rate 7%
$536,829
$536.8K
Cap Rate 9%
$417,533
$417.5K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$57.6K $7.20/SF
− Vacancy
−$3.9K −$0.49/SF
EGI
$53.7K $6.71/SF
− OpEx
−$16.1K −$2.01/SF
NOI
$37.6K $4.70/SF
Area
Mobile, AL
Vacancy
6.80%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,560
Cap Rate 7%
$536,829
Cap Rate 9%
$417,533
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,890 @ 7.0% cap · market cap 13.24%
Second Best
Industrial
$536.8K
$469.7K – $626.3K
NOI $37,578 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,333 @ 7.0% cap · market cap 17.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36603, AL
8,184
Population
3,880
Households
2.1
Avg Household Size
38
Median Age
12%
College-Educated
79%
High-School Grad
3.8 sq mi
ZIP Area
2,154
Density / Sq Mi
$27,083
Median Household Income
$24,688
Median Earnings
$704
Median Rent
$107,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Automotive property - Retail building near downtown Mobile with frontage on South Broad.
Where is this automotive property located?
The property is located at 1053 S Broad St Mobile, AL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: High‑traffic location with frontage on South Broad Street.; Less than half a mile from I‑10 entrance.; Less than 10 minutes from downtown Mobile.
