Three-Suite Brick Office
For Sale
$449,900
1751 Schillinger Road N, Semmes, AL 36575
COMMERCIAL - Semmes, AL
Property Size3,093 SF
Lot Size0.42 Acres
Price / SF$145.46
Days on Market581
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
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1997
Floors in Building
1
Flooring type
Tile - Ceramic, Vinyl
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: Aug 4
Last Checked: Aug 19 at 5:06PM
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 three-suite brick office building offers a reception area and restrooms, with offices equipped with bathrooms and kitchens. The property includes central heating and central air with ceiling fans, vinyl and ceramic tile flooring, and a metal roof. Public water and public sewer service the building, and parking is paved in both the front and back.
Located on high-traffic Schillinger Road near Howells Ferry Road, the building is serviced by public utilities and surrounded by retail and neighborhood services in the Semmes area. All three suites are currently rented, with tenant types including an insurance office and a hair salon, as well as an American Federation for Teachers office.
Built in 1997, the building is fenced with privacy fencing and includes a parking lot for tenant and customer use.
Located on high-traffic Schillinger Road near Howells Ferry Road, the building is serviced by public utilities and surrounded by retail and neighborhood services in the Semmes area. All three suites are currently rented, with tenant types including an insurance office and a hair salon, as well as an American Federation for Teachers office.
Built in 1997, the building is fenced with privacy fencing and includes a parking lot for tenant and customer use.
Key Highlights
- Three suites with bathrooms and kitchens; reception area and restrooms
- 0.423‑acre site and 3,093 SF office building
- Brick 4 sides construction with metal roof; year built 1997
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
Property Profile
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three office suites with bathrooms and kitchens are located off high-traffic Schillinger Road in a brick building with paved parking.
Where is this office building 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: Three suites with bathrooms and kitchens; reception area and restrooms; 0.423‑acre site and 3,093 SF office building; Brick 4 sides construction with metal roof; year built 1997
