Freestanding Medical
1605 Hillcrest Road, Mobile, AL 36695
For Sale
$899,900
Commercial Sale, Mobile, AL
Property Size5,409 SF
Lot Size0.83 Acres
Price / SF$166.37
Days on Market302
Property Features for 1605 Hillcrest Road
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Window features
Interior features
Accessibility
Lot features
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Medical Specialty
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Buildings
Listing Agency:
Bellator Real Estate LLC Mobile
(251) 343-7777
Listed By:
Michele Finney
(251) 769-2888
Added: Jan 17
Changed: Nov 14
Last Checked: Nov 14 at 6:06AM
MLS# 7704967
Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This freestanding, four-sided brick medical office was built in 1997 and occupies an approximately 0.83-acre corner parcel. Its interior includes exam and treatment rooms, reception and waiting areas, physician offices, an imaging and X-ray room, lab and sterilization areas, records storage, conference and staff areas, a break room, and restrooms. A covered patient drop-off and entrance, accessible entry and parking, and approximately 45 on-site spaces serve the facility. The roof is described as newer, and the property has freestanding signage.
The site fronts Hillcrest Road with approximately 167 feet of frontage. A median opening provides access for northbound and southbound traffic. The property is south of the Hillcrest Road and Grelot Road intersection, within a corridor that includes Publix, Starbucks, McDonald's, CVS, and Walmart Neighborhood Market. Zoning is B-3 Community Business.
The site fronts Hillcrest Road with approximately 167 feet of frontage. A median opening provides access for northbound and southbound traffic. The property is south of the Hillcrest Road and Grelot Road intersection, within a corridor that includes Publix, Starbucks, McDonald's, CVS, and Walmart Neighborhood Market. Zoning is B-3 Community Business.
Key Highlights
- Freestanding, four‑sided brick medical office built in 1997
- Approximately 0.83‑acre corner parcel with 167 feet of Hillcrest Road frontage
- Approximately 45 on‑site parking spaces; accessible entry and parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,200
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,504,000
$1.5M
Cap Rate 7%
$1,074,286
$1.1M
Cap Rate 9%
$835,556
$835.6K
Market Conditions
NOI Build-Up for 5,409 SF
Gross rent
$120.1K $22.20/SF
− Vacancy
−$19.8K −$3.66/SF
EGI
$100.3K $18.54/SF
− OpEx
−$25.1K −$4.63/SF
NOI
$75.2K $13.90/SF
Area
Mobile, AL
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,504,000
Cap Rate 7%
$1,074,286
Cap Rate 9%
$835,556
Alternative Uses
Best Use
Office B
$1.07M
$940.0K – $1.25M
NOI $75,200 @ 7.0% cap · market cap 8.36%
Second Best
Healthcare Medical
$1.05M
$918.1K – $1.22M
NOI $73,450 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,235 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 36695, AL
51,174
Population
21,269
Households
2.4
Avg Household Size
38
Median Age
34%
College-Educated
95%
High-School Grad
45.6 sq mi
ZIP Area
1,122
Density / Sq Mi
$75,236
Median Household Income
$47,614
Median Earnings
$1,192
Median Rent
$234,200
Median Home Value
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Market
Properties on Market for Medical Office Space in Mobile
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical rooms, patient areas, and accessible parking support healthcare operations in a B-3 business district.
Where is this medical office space located?
The property is located at 1605 Hillcrest Road Mobile, AL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Freestanding, four‑sided brick medical office built in 1997; Approximately 0.83‑acre corner parcel with 167 feet of Hillcrest Road frontage; Approximately 45 on‑site parking spaces; accessible entry and parking
