Auto Shop with Paint
For Sale
$315,000
2154 St Stephens Road, Mobile, AL 36617
Commercial Sale, Mobile, AL
Property Size1,953 SF
Lot Size0.71 Acres
Price / SF$161.29
Days on Market411
Property Features for 2154 St Stephens Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3
Parking
30
Parking features
Parking Lot
Fencing
Chain Link
Lot features
Level
View
City
Standard status
Active
APN
2902440023371
Size
1,953 SF
Lot size
0.71 Acres
Taxes and HOA fees
Tax Annual Amount
4713
Utilities
Utilities
Water Available
Heating system
Natural Gas
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
covered car wash area
fully functional repair shop
dedicated paint booth
specialized body shop
electric gate
Building Details
Year built
1995
Floors in Building
1
Flooring type
Concrete, Tile - Ceramic
Building materials
Block
Roof type
Metal
Additional Structures
Outbuilding
Listing Agency:
IXL Real Estate LLC
(251) 265-1230
Listed By:
Rashmi Lumpkin
(251) 391-5265
Added: Aug 20, 2025
Changed: Oct 2
Last Checked: Oct 4 at 5:06AM
MLS# 7636113
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 1,953-square-foot auto shop property includes two concrete buildings on 0.7054 acres. The improvements include a covered car wash area, repair shop, paint booth and body shop. The site also has an electric entrance gate, chain-link fencing and a parking lot. Construction dates to 1995, with block walls and a metal roof. Interior features include concrete and ceramic tile flooring, central air, ceiling fans and natural gas heating. Water is available from a public source. The property is offered in as-is condition.
Located on St. Stephens Road in Mobile, the property is zoned B-3. Its established automotive service areas and separate buildings define the site's existing configuration.
Located on St. Stephens Road in Mobile, the property is zoned B-3. Its established automotive service areas and separate buildings define the site's existing configuration.
Key Highlights
- Two concrete buildings on 0.7054 acres
- 1,953 square feet of building area
- Covered car wash, repair shop, paint booth and body shop
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
$25,850
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
8.21%
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%
$517,000
$517.0K
Cap Rate 7%
$369,286
$369.3K
Cap Rate 9%
$287,222
$287.2K
Market Conditions
NOI Build-Up for 1,953 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
$38.7K $19.80/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$36.9K $18.91/SF
− OpEx
−$11.1K −$5.67/SF
NOI
$25.9K $13.24/SF
Area
Mobile, AL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$517,000
Cap Rate 7%
$369,286
Cap Rate 9%
$287,222
Alternative Uses
Best Use
Retail
$369.3K
$323.1K – $430.8K
NOI $25,850 @ 7.0% cap · market cap 8.21%
Second Best
Industrial
$131.1K
$114.7K – $152.9K
NOI $9,174 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$496.4K
$434.3K – $579.1K
NOI $34,747 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36617, AL
11,408
Population
5,828
Households
2
Avg Household Size
45
Median Age
15%
College-Educated
87%
High-School Grad
4.5 sq mi
ZIP Area
2,535
Density / Sq Mi
$39,922
Median Household Income
$30,040
Median Earnings
$1,061
Median Rent
$75,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- St.Stephens Auto Service — 1907 St Stephens Rd, Mobile, AL 36617
- Pig's Marathon tires, towing & roadside assistance — 1907 St Stephens Rd, Mobile, AL 36617
- J and j Automotive repair service inc — 310 Oak Dr, Mobile, AL 36617
- Automotive Collision Repair Center LLC — 560 Haley St, Mobile, AL 36617
- Hoang Transmissions — 558 S Wilson Ave, Mobile, AL 36617
Frequently Asked Questions
What type of property is this?
Auto shop - B-3 zoning and multiple service areas support automotive commercial use.
Where is this auto shop located?
The property is located at 2154 St Stephens Road Mobile, AL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two concrete buildings on 0.7054 acres; 1,953 square feet of building area; Covered car wash, repair shop, paint booth and body shop
