Office Building with Two
For Sale
$399,900
19100 Highway 43, Mount Vernon, AL 36560
Established commercial office with flexible interior space, paved parking, and access from a major roadway.
Property Size1,644 SF
Lot Size4.40 Acres
Price / SF$243.25
Days on Market9
Property Features for 19100 Highway 43
General Information
Standard status
Active
Size
1,644 SF
Lot size
4.40 Acres
Property subtype
Commercial/Industrial
Additional Details
Asking Price
$399,900
Road Access
Yes
Land Use
commercial
Taxes and HOA fees
Annual Taxes
$1,889
Building Details
Year Built
2001
Buildings
1
Building Size
1,644 SF
Listing Agency:
Southern Style Realty, Inc.
(251) 599-3313
Listed By:
Krista Herring · License #64980
(251) 599-3313
Source:
Exitrealty
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 29 at 7:52AM
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 Southern Style Realty, Inc.
Investment Insights
Based on property information with market context.
This office property includes a 1,644 sq. ft. building constructed in 2001, with a reception and work area plus adaptable space for private offices, conferencing, and administrative functions. Two separate entrances support distinct points of access, while a large paved parking area serves the building and its users.
The offering encompasses approximately 4.4 acres across three separate parcels at 19100 Highway 43 in Mount Vernon, Alabama. Road frontage, visibility from the major roadway, and open acreage create a property configuration that combines an established office building with additional land for expansion or development.
The offering encompasses approximately 4.4 acres across three separate parcels at 19100 Highway 43 in Mount Vernon, Alabama. Road frontage, visibility from the major roadway, and open acreage create a property configuration that combines an established office building with additional land for expansion or development.
Key Highlights
- 1,644 sq. ft. office building constructed in 2001
- Approximately 4.4 acres across three separate parcels
- Two separate property entrances
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
$21,315
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
5.33%
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%
$426,300
$426.3K
Cap Rate 7%
$304,500
$304.5K
Cap Rate 9%
$236,833
$236.8K
Market Conditions
NOI Build-Up for 1,644 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
$34.5K $21.00/SF
− Vacancy
−$6.1K −$3.71/SF
EGI
$28.4K $17.29/SF
− OpEx
−$7.1K −$4.32/SF
NOI
$21.3K $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%
$426,300
Cap Rate 7%
$304,500
Cap Rate 9%
$236,833
Alternative Uses
Best Use
Office B
$304.5K
$266.4K – $355.3K
NOI $21,315 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$405.1K
$354.4K – $472.6K
NOI $28,354 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 36560, AL
3,418
Population
1,264
Households
2.7
Avg Household Size
42
Median Age
14%
College-Educated
74%
High-School Grad
60.2 sq mi
ZIP Area
57
Density / Sq Mi
$43,043
Median Household Income
$35,494
Median Earnings
$1,009
Median Rent
$111,200
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 - Established commercial office with flexible interior space, paved parking, and access from a major roadway.
Where is this office building located?
The property is located at 19100 Highway 43 Mount Vernon, AL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,644 sq. ft. office building constructed in 2001; Approximately 4.4 acres across three separate parcels; Two separate property entrances
