Downtown Mobile Retail with
200 St Joseph St Mobile, AL 36602
200 St Joseph St, Mobile, AL, 36602
$400,000
For Sale
$400,000
1,716± SF FREE-STANDING BUILDING For Sale
Property Size2,393 SF
Lot Size0.16 Acres
Price / SF$167.15
Days on Market526
Property Features for 200 St Joseph St
General Information
- Standard status
- Active
- Property type
- Other retail properties, Individual retail properties, Restaurants, Retail properties & Spaces
- Size
- 2,393 SF
- Class
- B
- Elevators
- N/A
- Lot size
- 0.16 Acres
Building Details
- Buildings
- 1
- Stories
- 1
Listing Office
(850) 564-0120
Listed by
Paul
(850) 564-0120
Added: Feb 6, 2025 Checked: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
This 1,716 square foot free-standing building is available for sale in the heart of Mobile, Alabama. The building's total size is 2393 square feet. Currently occupied by Yellow Hammer Coffee, the property boasts a convenient drive-thru window, perfect for a variety of businesses. The building includes a grease trap, making it suitable for food service operations. Parking is readily available with five spaces in the rear and four in the front, totaling nine spaces. Its prime downtown Mobile location offers unparalleled visibility and accessibility, situated directly across from the new Federal Courthouse. The surrounding area is vibrant, with easy walking distance to numerous restaurants, bars, entertainment venues, and financial and legal services. The lot size is approximately 0.155 acres. This presents a unique opportunity for investors seeking a high-traffic, well-located commercial property in a thriving downtown area.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.3k | $21.00 |
| − Vacancy | −$2.0k | −$0.84 |
| EGI | $48.2k | $20.16 |
| − OpEx | −$12.1k | −$5.04 |
| NOI | $36.2k | $15.12 |
2,393 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$516.9K
$452.3K – $603.0K
NOI $36,182 @ 7.0% cap · market cap 9.05%
Second Best
Retail
$452.5K
$395.9K – $527.9K
NOI $31,674 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$608.2K
$532.2K – $709.6K
NOI $42,575 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Other retail property - 1,716± SF FREE-STANDING BUILDING For Sale
Where is this other retail property located?
The property is located at 200 St Joseph St Mobile, AL.
What is the asking price?
The asking price for this property is $400,000.
