Building Details

Year built 2002

Floors in Building 1

Flooring type Hardwood, Carpet

Building materials Block

Roof type Metal

Listing Agency: Beck Properties Real Estate B***@beck-properties.com Show Phone

Listed By: Brooks Beck · License #119000 Show Phone

Added: Oct 5 Changed: Oct 7 Last Checked: Oct 9 at 5:06AM

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MLS# 7850626

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.

Investment Insights

Based on property information with market context.

This 3,167-square-foot medical office property sits on 0.6306 acres and was built in 2002. Block construction, a metal roof, and ceilings at least 10 feet high define the building. Interior finishes include hardwood and carpet flooring, with central heating and air conditioning. A parking lot provides 13 spaces.

The property has 98 feet of frontage on Hillcrest Road in Mobile. B2 zoning is identified for the site.

Key Highlights

• 3,167 square feet on 0.6306 acres
• 98 feet of frontage along Hillcrest Road in Mobile
• 13 on‑site parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,030

Cap Rate

8.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$880,600 $880.6K

Cap Rate 7%

$629,000 $629.0K

Cap Rate 9%

$489,222 $489.2K

Market Conditions

NOI Build-Up for 3,167 SF

Gross rent

$70.3K $22.20/SF

− Vacancy

−$11.6K −$3.66/SF

EGI

$58.7K $18.54/SF

− OpEx

−$14.7K −$4.63/SF

NOI

$44.0K $13.90/SF

Area

Mobile, AL

Vacancy

16.50%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$880,600

Cap Rate 7%

$629,000

Cap Rate 9%

$489,222

Alternative Uses

Best Use

Office B

$629.0K

$550.4K – $733.8K (±1% cap)

NOI $44,030 @ 7.0% cap · market cap 8.02%

Second Best

Healthcare Medical

$614.4K

$537.6K – $716.8K (±1% cap)

NOI $43,005 @ 7.0% cap · market cap 7.83%

Theoretical Best

Office A

$804.9K

$704.3K – $939.1K (±1% cap)

NOI $56,346 @ 7.0% cap · market cap 10.26%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Dr. Jennifer K. ... Physician Tanya Rowell Physician

Suggested Use

Top Pick Law Firm Parking Lot & Garage Building Supply Big Box & Wholesale Store Grocery & Convenience Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

857

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 36695, AL

51,174

Population

21,269

Households

2.4

Avg Household Size

38

Median Age

34%

College-Educated

95%

High-School Grad

45.6 sq mi

ZIP Area

1,122

Density / Sq Mi

$75,236

Median Household Income

$47,614

Median Earnings

$1,192

Median Rent

$234,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Medical Office Space - A professional property with dedicated on-site parking and B2 zoning.

Where is this medical office space located?

The property is located at 1132 Hillcrest Road Mobile, AL.

What is the asking price?

The asking price for this property is $549,000.

What are key features of this property?

This property features: 3,167 square feet on 0.6306 acres; 98 feet of frontage along Hillcrest Road in Mobile; 13 on‑site parking spaces