Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spacious West Mobile Office Building Title is generated by Realmo AI

    1111 Hillcrest Rd Mobile, Mobile, AL 36695

    View on Map
    Claim this Listing
    Picture of Residential offices at 1111 Hillcrest Rd Mobile, Mobile, AL
    For Sale
    $1,395,000

    22,500 SF Office Building For Sale

    Property size:
    27,776 SF
    Lot size:
    1.49 Acres
    Price / SF:
    $50/SF
    Added:
    Feb 3, 2025
    Days on Market:
    465
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 1111 Hillcrest Rd Mobile

    General Information

    Standard status
    Active
    Property type
    Residential offices, Other office properties, Office buildings, Mixed-use properties, Office properties & Spaces
    Size
    27,776 SF
    Net Rentable
    22,500 SF
    Elevators
    N/A
    Lot size
    1.49 Acres

    Building Details

    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Feb 3, 2025

    Overview

    Located in West Mobile, Alabama, this 27,776 square foot office building offers 22,500 square feet of net usable space. Situated on the east side of Hillcrest Road, just north of Grelot Road, the property features approximately 325 feet of frontage. The building showcases a brick and stucco exterior, a common area entrance, front and rear stairwells, and a passenger elevator. Ample parking is available, along with monument signage and maintained landscaping. Exterior renovations have been recently completed. The 1.49-acre lot provides potential for expansion or future development. The building's size and amenities make it suitable for a variety of uses, presenting an opportunity for an owner-occupant seeking additional rental income and the possibility of expanding their business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Netpoint IT Services ... IT Consulting Firm American Resources Insurance ... Insurance Agency Taylor CPA Group, ... Accounting Firm The Callahan Group, LLC Financial Advisor Graham Brown & Dutton Accounting Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.190097
    Latitude
    30.666038

    Nearby Similar for Sale

    • $375,000
      6,320 SF

      Spacious Office Building with Flexibility

      6,320 SF office building with multiple suites on 1.58 acres.
      3512 Godwin Court, Mobile, AL 36693
      View Details
    • $635,000
      6,750 SF

      Multi-Tenant Office Building For Sale

      6,750 SF multi-tenant office building in a desirable location.
      4080 Government Boulevard, Mobile, AL 36693
      View Details
    • $899,900
      5,409 SF

      Freestanding Medical Office on Hillcrest

      Medical office building on high-traffic Hillcrest Road.
      1605 Hillcrest Road, Mobile, AL 36695
      View Details
    • $499,000
      2,208 SF

      Updated Commercial Office Building

      Versatile commercial office space in Midtown Mobile.
      1962 Springhill Avenue, Mobile, AL 36607
      View Details
    • $600,000
      3,576 SF

      Midtown Multi-Unit Investment Opportunity

      Six fully leased units in a convenient Midtown location.
      266 Rickarby Street, Mobile, AL 36606
      View Details
    • $475,000
      5,911 SF

      Six-Unit Apartment Building For Sale

      Income-generating six-unit apartment building with renovation upside.
      207 Michigan Avenue, Mobile, AL 36604
      View Details
    • $425,000
      5,345 SF

      Commercial Property with Established Tenant

      Commercial property with a long-term tenant in place.
      805 Downtowner Loop W, Mobile, AL 36609
      View Details
    • $900,000
      6,540 SF

      Hillcrest Road Commercial Opportunity

      Commercial property on Hillcrest Road suitable for business or medical offices.
      1565 Hillcrest Road, Mobile, AL 36695
      View Details
    • $600,000
      2,666 SF

      Renovated High-Income Apartment Building

      Six-unit building with short-term and long-term rental income.
      1300 Illinois Street, Mobile, AL 36604
      View Details
    • $725,000
      7,500 SF

      Updated Office Complex in Mobile

      Income-producing office complex in desirable West Mobile commercial corridor.
      1100 Hillcrest Road, Mobile, AL 36695
      View Details
    • $650,000
      7,200 SF

      Mobile Office Building For Sale

      Two-story office building with eight suites and ample parking.
      6051 Airport Boulevard, Mobile, AL 36608
      View Details
    • $799,000
      5,910 SF

      Midtown Mobile Multifamily Investment Opportunity

      Nine-unit apartment complex in Midtown Mobile, 100% occupied.
      203 Mohawk Street, Mobile, AL 36606
      View Details

    FAQs

    What type of property is this?
    Residential office - 22,500 SF Office Building For Sale
    Where is this residential office located?
    The property is located at 1111 Hillcrest Rd Mobile Mobile, AL.
    What is the asking price?
    The asking price for this property is $1,395,000.
    (850) 564-0120
    We can help!
    Listing Contact
    Paul Salter
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1111 Hillcrest Rd, Mobile, Mobile, AL 36695
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!