Brick Three-Suite Office
For Sale
$449,900
1751 Schillinger Road N, Semmes, AL 36575
Commercial Sale, Semmes, AL
Property Size3,093 SF
Lot Size0.42 Acres
Price / SF$145.46
Days on Market621
Property Features for 1751 Schillinger Road N
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
21
Parking features
Parking Lot
Interior features
Reception Area, Restrooms
Fencing
Privacy
Lot features
Free Standing, Level
View
City
Standard status
Active
APN
2701010000087
Size
3,093 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Annual Amount
3396
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1997
Floors in Building
1
Flooring type
Vinyl, Tile - Ceramic
Building materials
Brick 4 Sides
Roof type
Metal
Listing Agency:
Ty Irby Realty & Development
(251) 649-1000
Listed By:
Cynthia Byrd · License #40705
(251) 402-2143
Added: Jan 15, 2025
Changed: Sep 14
Last Checked: Sep 28 at 5:06AM
MLS# 7509096
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.
Investment Insights
Based on property information with market context.
This 3,093-square-foot office property contains three suites, each equipped with a kitchen and bathroom. The 1997 building features brick construction, reception areas, vinyl and ceramic tile flooring, central heating, central air, and ceiling fans. A metal roof, privacy fencing, and paved parking at both the front and rear complete the improvements.
All three suites are currently occupied, including an insurance office, a hair salon, and an office for the American Federation for Teachers. The property sits on a 0.423-acre parcel along Schillinger Road N near Howells Ferry Road in Semmes. Public water and public sewer serve the building.
All three suites are currently occupied, including an insurance office, a hair salon, and an office for the American Federation for Teachers. The property sits on a 0.423-acre parcel along Schillinger Road N near Howells Ferry Road in Semmes. Public water and public sewer serve the building.
Key Highlights
- 3,093 SF office building with three suites
- All three suites are currently rented
- Each suite includes a kitchen and bathroom
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
$40,102
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
8.91%
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%
$802,040
$802.0K
Cap Rate 7%
$572,886
$572.9K
Cap Rate 9%
$445,578
$445.6K
Market Conditions
NOI Build-Up for 3,093 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
$65.0K $21.00/SF
− Vacancy
−$11.5K −$3.71/SF
EGI
$53.5K $17.29/SF
− OpEx
−$13.4K −$4.32/SF
NOI
$40.1K $12.97/SF
Area
Mobile County, AL
Vacancy
17.68%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$802,040
Cap Rate 7%
$572,886
Cap Rate 9%
$445,578
Alternative Uses
Best Use
Office B
$572.9K
$501.3K – $668.4K
NOI $40,102 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$762.1K
$666.8K – $889.1K
NOI $53,344 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 36575, AL
20,640
Population
8,488
Households
2.4
Avg Household Size
38
Median Age
21%
College-Educated
92%
High-School Grad
40.1 sq mi
ZIP Area
515
Density / Sq Mi
$69,381
Median Household Income
$44,462
Median Earnings
$1,063
Median Rent
$193,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Fully leased office property with private kitchens, restrooms, paved parking, and public water and sewer.
Where is this office units located?
The property is located at 1751 Schillinger Road N Semmes, AL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 3,093 SF office building with three suites; All three suites are currently rented; Each suite includes a kitchen and bathroom
