Car Lot with Security
For Sale
$390,000
156 E Beltline Highway N, Mobile, AL 36607
The B3-zoned property combines a vehicle lot with an upgraded building and security cameras.
Property Size1,312 SF
Price / SF$297.26
Days on Market153
Property Features for 156 E Beltline Highway N
General Information
Standard status
Active
Size
1,312 SF
Total Parking Spaces
30
Property subtype
Commercial
Zoning
B3
Additional Details
Road Access
Yes
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$1,157
Amenities
Security cameras
Beamed Ceilings
High Ceilings 10 or Greater
Living Space Available
Low Flow Plumbing Fixtures
Reception Area
Restrooms
Building Details
Building Size
1,312 SF
Buildings
1
Stories
1
Listing Agency:
Grace Tyson Real Estate
Listed By:
Grace Tyson · License #46340
(251) 861-8312
Source:
Gracetysonrealestate
Added: May 27
Changed: Oct 25
Last Checked: Oct 26 at 4:07AM
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 Grace Tyson Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property consists of two adjoining lots with a car lot and an upgraded building. The lot is well lit and equipped with security cameras. B3 zoning is identified for the property.
Key Highlights
- Two adjoining lots
- B3 zoning
- Upgraded building on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,366
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,320
$347.3K
Cap Rate 7%
$248,086
$248.1K
Cap Rate 9%
$192,956
$193.0K
Market Conditions
NOI Build-Up for 1,312 SF
Gross rent
$26.0K $19.80/SF
− Vacancy
−$1.2K −$0.89/SF
EGI
$24.8K $18.91/SF
− OpEx
−$7.4K −$5.67/SF
NOI
$17.4K $13.24/SF
Area
Mobile, AL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,320
Cap Rate 7%
$248,086
Cap Rate 9%
$192,956
Alternative Uses
Best Use
Retail
$248.1K
$217.1K – $289.4K
NOI $17,366 @ 7.0% cap · market cap 4.45%
Second Best
Industrial
$88.0K
$77.0K – $102.7K
NOI $6,163 @ 7.0% cap · market cap 1.58%
Theoretical Best
Office A
$333.5K
$291.8K – $389.1K
NOI $23,343 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36607, AL
6,264
Population
3,175
Households
2
Avg Household Size
44
Median Age
31%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
2,088
Density / Sq Mi
$40,681
Median Household Income
$40,648
Median Earnings
$999
Median Rent
$125,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Eazy Rydez LLC — 3150 Moffett Rd, Mobile, AL 36607
Frequently Asked Questions
What type of property is this?
Automotive property - The B3-zoned property combines a vehicle lot with an upgraded building and security cameras.
Where is this automotive property located?
The property is located at 156 E Beltline Highway N Mobile, AL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two adjoining lots; B3 zoning; Upgraded building on the property
