2408 Government St, Mobile, AL
Freestanding office building in Midtown Mobile with on-site parking.
- Added:
- Oct 29, 2024
- Days on Market:
- 601
- Last Refresh:
- May 20 at 9:13 pm
Property Features for 2408 Government St
General Information
- Standard status
- Active
- Size
- 1,872 SF
- Lot size
- 0.17 Acres
- Property subtype
- OFFICE
Listing agent David Dexter (251) 379-9446
Listing office CRE Mobile (251) 379-9446
Listing date Oct 29, 2024
Source Moodyscre
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 CRE Mobile
HighLights
- Freestanding office building on vibrant Government Street.
- Zoned B‑2 - Neighborhood Business, offering versatile usage possibilities.
- 1,872sf with private offices, conference room, lobby/reception, break room, and storage.
- On‑site parking for up to 10 vehicles.
- Excellent visibility due to corner location.
- Located near the Mobile Police Department headquarters and proximate to various amenities.
Overview
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 | $41.6k | $22.20 |
| − Vacancy | −$6.9k | −$3.66 |
| EGI | $34.7k | $18.54 |
| − OpEx | −$8.7k | −$4.63 |
| NOI | $26.0k | $13.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.0969
- Latitude
- 30.6735