Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1053 Broad St South Mobile, AL 36603

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Renovated retail/office building with drive-thru, prime Mobile location.

    Property size:
    7,985 SF
    Lot size:
    0.30 Acres

    Property Features for 1053 Broad St South

    General Information

    Size
    7,985 SF
    Lot size
    0.30 Acres

    We can help!

    Listing Contact
    Michael F Reid
    Source: Moodyscre

    Listing Agency: Merrill P. Thomas Co, Inc. Listing Agent: Michael F Reid

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Retail/Office with Drive-Thru

    This turnkey retail/office building with a drive-thru door is strategically located just 0.5 miles from I-10, 2 miles from the Downtown Mobile Airport and Brookley Field Complex, and 2.5 miles from the Mobile Cruise Terminal & Amtrak Station. The property features an open showroom layout and has undergone major system upgrades, including plumbing, electrical, HVAC, and paint. The building has been completely renovated and updated to meet Mobile City Codes and is ADA compliant. The open floor plan is ideal for showroom or display use. Recent upgrades include a new roof, updated electrical system, new HVAC system, and fresh interior paint, along with additional modern improvements. The property is move-in ready and offers exceptional convenience and accessibility. The owner will consider leasing back for up to 5 years. Ideal retail uses include a shoe store & repair, boutique clothing, home goods store, pet store, bookstore/gift shop, hobby shop, gaming store, hardware, phone repair, vitamin/supplement shop, and toy store. Ideal office uses include airport support companies, staffing agency, law firm, accounting office, and other professional services. The property size is 7985 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carzignment Car Dealership

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0556852
    Latitude
    30.6653324

    Nearby Similar for Sale

    • $415,000
      1,350 SF

      Updated Commercial Building with Metal Building

      Versatile commercial building with offices, conference room, and metal building.
      7970 Tanner Williams Rd, Mobile, AL 36608
      View Details
    • New
      $375,000
      1,490 SF

      Prime Commercial Opportunity in Mobile

      High-traffic location with B3 zoning, ideal for diverse businesses.
      420 Dauphin Island Pkwy, Mobile, AL 36606
      View Details
    • $875,000
      6,300 SF

      Updated Office Building For Sale

      6300 SF office building with updates and flexible occupancy.
      1142 Montlimar Dr, Mobile, AL 36609
      View Details
    • $899,900
      5,409 SF

      Freestanding Medical Office on Hillcrest

      Medical office building on high-traffic Hillcrest Road.
      1605 Hillcrest Rd, Mobile, AL 36695
      View Details
    • $130,000
      900 SF

      Charming Cottage on Cottage Hill

      Adorable cottage ideal for retail, office, or salon.
      805 Wildwood Dr, Mobile, AL 36609
      View Details
    • $130,000
      900 SF

      Charming Cottage on Cottage Hill

      Quaint cottage ideal for office or retail in Mobile.
      811 Wildwood Dr, Mobile, AL 36693
      View Details
    • $435,000
      4,800 SF

      Theodore Automotive Shop with Living

      Former automotive shop with living area on a 2.91-acre lot.
      4520 Hamilton Blvd, Theodore, AL 36582
      View Details
    • $725,000
      7,500 SF

      Updated Office Complex in Mobile

      Income-producing office complex in desirable West Mobile commercial corridor.
      1100 Hillcrest Rd, Mobile, AL 36695
      View Details
    • $449,900
      3,924 SF

      Venue Building Near Airport Boulevard

      Commercial building near Airport Blvd, currently operating as a venue.
      9940 Lifeline Ct, Mobile, AL 36608
      View Details
    • $699,000
      6,119 SF

      Retail/Warehouse Building with Ample Parking

      Leased retail/warehouse building with drive-in door and ample parking.
      3920 Cottage Hill Rd, Mobile, AL 36609
      View Details
    • $570,000
      8,142 SF

      Hillcrest Park Professional Office Building

      Professional office building near Hillcrest Road with multiple units.
      6417 Hillcrest Park Ct, Mobile, AL 36695
      View Details
    • $199,000
      3,064 SF

      Commercial Property on Government Street

      Commercial property suitable for business, office, or retail use.
      2104 Government St, Mobile, AL 36606
      View Details

    FAQs

    What type of property is this?
    Retail space - Renovated retail/office building with drive-thru, prime Mobile location.
    Where is this retail space located?
    The property is located at 1053 Broad St South Mobile, AL.
    What are key features of this property?
    This property features: - Prime location near I-10, Downtown Mobile Airport, and Brookley Field Complex.; - Turnkey condition with major system upgrades (plumbing, electrical, HVAC, paint, roof).; - Drive-thru door for convenient loading/unloading.
    (251) 422-2208 Call to check price and availability
    Request Owner's contact information
    1053 Broad St South Mobile, AL 36603
    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.
    1053 Broad St South
    Mobile, AL 36603
    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
    1053 Broad St South Mobile, AL 36603
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael F Reid
    (251) 422-2208 (251) 476-0808
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!