Office Building with Large
200 Virginia St Mobile, AL 36603
200 Virginia St, Mobile, AL, 36603
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For Sale
Contact for pricing
Office property near downtown with fenced yard for parking.
Property Size9,293 SF
Price / SF$204.45
Days on Market78
Property Features for 200 Virginia St
General Information
- Standard status
- Active
- Size
- 9,293 SF
- Property subtype
- OFFICE
Listing Agency
Vallas Realty, Inc.
(251) 751-7223
Listed by
John P. Vallas, Jr.
(251) 751-7223
Source
Moodyscre
Added: May 1 Checked: Jul 16 at 5:20 am
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 Vallas Realty, Inc.
Investment Insights
Based on property information with market context.
This office property is located close to downtown Mobile, in an area with commercial and industrial businesses. The building has approximately 9,293 square feet of space and includes a large yard. The fenced yard area is suitable for parking expansion. A Connex container is attached to the building and accessible from the inside; this container is not included in the calculated square footage.
Key Highlights
- Large ±9,293 SF building suitable for office or industrial use.
- Close proximity to downtown Mobile.
- Surrounded by commercial/industrial users.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $206.3k | $22.20 |
| − Vacancy | −$34.0k | −$3.66 |
| EGI | $172.3k | $18.54 |
| − OpEx | −$43.1k | −$4.63 |
| NOI | $129.2k | $13.90 |
9,293 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.85M
$1.61M – $2.15M
NOI $129,198 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,338 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
FedEx Drop Box
Postal Service
Prism Systems, Inc.
Engineering Consultant
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office property near downtown with fenced yard for parking.
Where is this office building located?
The property is located at 200 Virginia St Mobile, AL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Large ±9,293 SF building suitable for office or industrial use.; Close proximity to downtown Mobile.; Surrounded by commercial/industrial users.
