Retail Building Near Downtown
1053 S Broad St Mobile, AL 36603
1053 S Broad St, Mobile, AL, 36603
$799,900
For Sale
$799,900
Retail building near downtown Mobile with frontage on South Broad.
Property Size8,000 SF
Price / SF$99.99
Days on Market65
Property Features for 1053 S Broad St
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Retail - Street Retail
Building Details
- Year Built
- 1963
Listing Agency
White-Spunner Realty
Listed by
Marietta Urquhart
Source
Commercialcafe
Added: May 14 Checked: Jul 17 at 3:52 am
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 White-Spunner Realty
Investment Insights
Based on property information with market context.
This approximately 8,000 square foot retail building is located close to downtown Mobile, with frontage on South Broad Street. The property is less than half a mile from the entrance to I-10 and less than 10 minutes from downtown Mobile. It has most recently been occupied as an automotive retail/consignment dealership.
Key Highlights
- High‑traffic location with frontage on South Broad Street.
- Less than half a mile from I‑10 entrance.
- Less than 10 minutes from downtown Mobile.
Local Financial Insights For Industrial
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 | $57.6k | $7.20 |
| − Vacancy | −$3.9k | −$0.49 |
| EGI | $53.7k | $6.71 |
| − OpEx | −$16.1k | −$2.01 |
| NOI | $37.6k | $4.70 |
8,000 SF · lease $7.20/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,890 @ 7.0% cap · market cap 13.24%
Second Best
Industrial
$536.8K
$469.7K – $626.3K
NOI $37,578 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,333 @ 7.0% cap · market cap 17.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carzignment
Car Dealership
Similar For Sale Nearby
FAQs
What type of property is this?
Automotive property - Retail building near downtown Mobile with frontage on South Broad.
Where is this automotive property located?
The property is located at 1053 S Broad St Mobile, AL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: High‑traffic location with frontage on South Broad Street.; Less than half a mile from I‑10 entrance.; Less than 10 minutes from downtown Mobile.
