Fenced Office/Warehouse Flex
For Sale
Contact for pricing
2469 ESLAVA CREEK PKWY, Mobile, AL 36606
For sale office/warehouse with climate control and a fenced area for secure, flexible everyday operations.
Property Size2,570 SF
Price / SF$101.56
Days on Market101
Property Features for 2469 ESLAVA CREEK PKWY
General Information
Standard status
Active
Size
2,570 SF
Class
C
Total Parking Spaces
8
Property subtype
Industrial
Zoning
B-3: Community Business
Occupancy
100%
Lease Type
Gross
Investment Type
Net Lease
Net Operating Income
$23,500
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1974
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Merrill P. Thomas
Listed By:
Michael Reid · License #AL 0625490
(251) 660-8400
Source:
Crexi
Added: May 28
Changed: Sep 4
Last Checked: Sep 2 at 3:15PM
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 Merrill P. Thomas
Investment Insights
Based on property information with market context.
This standing office/warehouse flex building offers a combined work-and-storage setup totaling 2,570 SF. The space includes climate-controlled office and warehouse components, designed to support day-to-day business activity where temperature management matters. A fenced area is included, providing an added layer of security for vehicles, supplies, or other on-site needs.
The property is located at 2469 ESLAVA CREEK PKWY in MOBILE, AL. It is positioned for tenants or buyers seeking an on-site office arrangement paired with a functional warehouse footprint, along with the benefit of on-property fencing.
As a purchase offering, this configuration can fit a range of small to mid-sized operators who want to keep staff and storage under one roof. The climate-controlled design supports year-round comfort for office use and temperature-sensitive work. The fenced portion can help accommodate tasks that benefit from controlled access, making the building practical for businesses that need both workspace and warehouse utility in a single facility.
The property is located at 2469 ESLAVA CREEK PKWY in MOBILE, AL. It is positioned for tenants or buyers seeking an on-site office arrangement paired with a functional warehouse footprint, along with the benefit of on-property fencing.
As a purchase offering, this configuration can fit a range of small to mid-sized operators who want to keep staff and storage under one roof. The climate-controlled design supports year-round comfort for office use and temperature-sensitive work. The fenced portion can help accommodate tasks that benefit from controlled access, making the building practical for businesses that need both workspace and warehouse utility in a single facility.
Key Highlights
- Free‑standing 2,570 SF office/warehouse
- Fenced area for secure, flexible everyday operations
- Climate controlled for tenant use
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
$14,659
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
5.62%
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%
$293,180
$293.2K
Cap Rate 7%
$209,414
$209.4K
Cap Rate 9%
$162,878
$162.9K
Market Conditions
NOI Build-Up for 2,570 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
$18.5K $7.20/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$17.2K $6.71/SF
− OpEx
−$2.6K −$1.01/SF
NOI
$14.7K $5.70/SF
Area
Mobile, AL
Vacancy
6.80%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
15.00%
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%
$293,180
Cap Rate 7%
$209,414
Cap Rate 9%
$162,878
Alternative Uses
Best Use
Office B
$510.4K
$446.6K – $595.5K
NOI $35,730 @ 7.0% cap · market cap 13.69%
Second Best
Warehouse
$209.4K
$183.2K – $244.3K
NOI $14,659 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$653.2K
$571.6K – $762.1K
NOI $45,725 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 36606, AL
19,042
Population
9,129
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
6.8 sq mi
ZIP Area
2,800
Density / Sq Mi
$49,561
Median Household Income
$37,094
Median Earnings
$938
Median Rent
$141,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Full Of Grace Catering — 2453 Commercial Park Dr, Mobile, AL 36606
- Wcnn Catering Service — 2453 Commercial Park Dr, Mobile, AL 36606
- Battle Table — 2029B Airport Blvd, Mobile, AL 36606
Frequently Asked Questions
What type of property is this?
Flex space - For sale office/warehouse with climate control and a fenced area for secure, flexible everyday operations.
Where is this flex space located?
The property is located at 2469 ESLAVA CREEK PKWY Mobile, AL.
What is the asking price?
The asking price for this property is $261,000.
What are key features of this property?
This property features: Free‑standing 2,570 SF office/warehouse; Fenced area for secure, flexible everyday operations; Climate controlled for tenant use
