Downtown Mobile Retail with
For Sale
$400,000
200 St Joseph St, Mobile, AL 36602
1,716± SF FREE-STANDING BUILDING For Sale
Property Size2,393 SF
Lot Size0.16 Acres
Price / SF$167.15
Days on Market616
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Property Features for 200 St Joseph St
General Information
Standard status
Active
Property type
Other retail properties, Individual retail properties, Restaurants, Retail properties & Spaces
Size
2,393 SF
Class
B
Elevators
N/A
Lot size
0.16 Acres
Building Details
Buildings
1
Stories
1
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 6, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 1,716 square foot free-standing building is available for sale in the heart of Mobile, Alabama. The building's total size is 2393 square feet. Currently occupied by Yellow Hammer Coffee, the property boasts a convenient drive-thru window, perfect for a variety of businesses. The building includes a grease trap, making it suitable for food service operations. Parking is readily available with five spaces in the rear and four in the front, totaling nine spaces. Its prime downtown Mobile location offers unparalleled visibility and accessibility, situated directly across from the new Federal Courthouse. The surrounding area is vibrant, with easy walking distance to numerous restaurants, bars, entertainment venues, and financial and legal services. The lot size is approximately 0.155 acres. This presents a unique opportunity for investors seeking a high-traffic, well-located commercial property in a thriving downtown area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,182
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,640
$723.6K
Cap Rate 7%
$516,886
$516.9K
Cap Rate 9%
$402,022
$402.0K
Market Conditions
NOI Build-Up for 2,393 SF
Gross rent
$50.3K $21.00/SF
− Vacancy
−$2.0K −$0.84/SF
EGI
$48.2K $20.16/SF
− OpEx
−$12.1K −$5.04/SF
NOI
$36.2K $15.12/SF
Area
Mobile, AL
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,640
Cap Rate 7%
$516,886
Cap Rate 9%
$402,022
Alternative Uses
Best Use
Specialty Retail
$516.9K
$452.3K – $603.0K
NOI $36,182 @ 7.0% cap · market cap 9.05%
Second Best
Retail
$452.5K
$395.9K – $527.9K
NOI $31,674 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$608.2K
$532.2K – $709.6K
NOI $42,575 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,921
Businesses Nearby
Explore this area
Business Placement
Demographics for 36602, AL
910
Population
802
Households
1.1
Avg Household Size
56
Median Age
45%
College-Educated
91%
High-School Grad
3.9 sq mi
ZIP Area
233
Density / Sq Mi
$35,000
Median Household Income
$48,523
Median Earnings
$596
Median Rent
$258,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Other retail property - 1,716± SF FREE-STANDING BUILDING For Sale
Where is this other retail property located?
The property is located at 200 St Joseph St Mobile, AL.
What is the asking price?
The asking price for this property is $400,000.
