Automotive Facility Fronting
For Sale
$2,100,000
1650 South Beltline Highway, Mobile, AL 36693
Automotive/service facility on 1.28 acres with I-65 frontage.
Property Size23,467 SF
Days on Market275
Property Features for 1650 South Beltline Highway
General Information
Standard status
Active
Size
23,467 SF
Property subtype
Industrial
Building Details
Building Size
23,467 SF
Listing Agency:
(205) 380-1075
Listed By:
John Coleman, SIOR · License ##000086902-0
Source:
Grahamcompany
Added: Nov 21, 2025
Changed: Aug 16
Last Checked: Aug 23 at 3:12AM
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 John Coleman, SIOR
Investment Insights
Based on property information with market context.
This automotive and service facility is situated on a 1.28-acre site with frontage on I-65 North Service Road, less than 0.5 miles from the intersection of I-65 and Highway 90. Neighboring properties include service, retail, and industrial businesses. The property features pylon signage, six overhead doors, one dock-high door, and one loading ramp. There are 13 parking spaces available, including two handicap spaces. The maximum ceiling height reaches 24 feet. The location benefits from high traffic volume, with over 90,000 vehicles per day on I-65.
Key Highlights
- High visibility location fronting I‑65 with over 90,000 vehicles per day.
- Excellent accessibility: less than 0.5 miles from I‑65 & Hwy 90 intersection.
- Versatile access with (6) overhead doors, (1) dock‑high door, and (1) loading ramp.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$110,231
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,204,620
$2.2M
Cap Rate 7%
$1,574,729
$1.6M
Cap Rate 9%
$1,224,789
$1.2M
Market Conditions
NOI Build-Up for 23,467 SF
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.
Gross rent
$169.0K $7.20/SF
− Vacancy
−$11.5K −$0.49/SF
EGI
$157.5K $6.71/SF
− OpEx
−$47.2K −$2.01/SF
NOI
$110.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,204,620
Cap Rate 7%
$1,574,729
Cap Rate 9%
$1,224,789
Alternative Uses
Best Use
Retail
$4.44M
$3.88M – $5.18M
NOI $310,616 @ 7.0% cap · market cap 14.79%
Second Best
Industrial
$1.57M
$1.38M – $1.84M
NOI $110,231 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$5.96M
$5.22M – $6.96M
NOI $417,517 @ 7.0% cap · market cap 19.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36693, AL
18,914
Population
8,833
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
12.7 sq mi
ZIP Area
1,489
Density / Sq Mi
$69,580
Median Household Income
$41,328
Median Earnings
$1,090
Median Rent
$199,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fact-O-Bake — 1271 Azalea Rd, Mobile, AL 36693
- Swedish Autotech — 4123 Government Blvd, Mobile, AL 36693
- Metro Lifts & Equipments LLC — 4429 Radian Dr, Mobile, AL 36693
- Chips Auto Glass — 4454 Halls Mill Rd, Mobile, AL 36693
- Fausak's Express Lube — 4207 Government Blvd, Mobile, AL 36693
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive/service facility on 1.28 acres with I-65 frontage.
Where is this auto shop located?
The property is located at 1650 South Beltline Highway Mobile, AL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: High visibility location fronting I‑65 with over 90,000 vehicles per day.; Excellent accessibility: less than 0.5 miles from I‑65 & Hwy 90 intersection.; Versatile access with (6) overhead doors, (1) dock‑high door, and (1) loading ramp.
