Multifamily
For Sale
$399,750
266 Rickarby Street, Mobile, AL 36606
A multistory residential building with window-unit cooling.
Property Size3,576 SF
Price / SF$111.79
Days on Market211
Property Features for 266 Rickarby Street
General Information
Standard status
Active
Size
3,576 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$1,079
Amenities
Window Unit(s)
On Street
Multi Story
Building Details
Year Built
1981
Stories
2
Listing Agency:
LLB&B Inc., Real Estate
Listed By:
Melissa Morrissette · License #76258
(251) 709-4736
Source:
Evrealestate
Added: Mar 20
Changed: Oct 15
Last Checked: Oct 14 at 10:52PM
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 LLB&B Inc., Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The multifamily property at 266 Rickarby Street in Mobile contains 3,576 square feet and was built in 1981. The building is multistory and has window-unit cooling. On-street parking is noted as an exterior feature.
The property is on Rickarby Street, with directions referencing Airport Boulevard, Little Flower Avenue, and Government Street.
The property is on Rickarby Street, with directions referencing Airport Boulevard, Little Flower Avenue, and Government Street.
Key Highlights
- 3,576‑square‑foot multifamily property
- Built in 1981
- Multistory configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,632
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,640
$592.6K
Cap Rate 7%
$423,314
$423.3K
Cap Rate 9%
$329,244
$329.2K
Market Conditions
NOI Build-Up for 3,576 SF
Gross rent
$57.9K $16.20/SF
− Vacancy
−$4.1K −$1.13/SF
EGI
$53.9K $15.07/SF
− OpEx
−$24.2K −$6.78/SF
NOI
$29.6K $8.29/SF
Area
Mobile, AL
Vacancy
7.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,640
Cap Rate 7%
$423,314
Cap Rate 9%
$329,244
Alternative Uses
Best Use
Apartment 5plus
$423.3K
$370.4K – $493.9K
NOI $29,632 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$908.9K
$795.3K – $1.06M
NOI $63,623 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - A multistory residential building with window-unit cooling.
Where is this multifamily property located?
The property is located at 266 Rickarby Street Mobile, AL.
What is the asking price?
The asking price for this property is $399,750.
What are key features of this property?
This property features: 3,576‑square‑foot multifamily property; Built in 1981; Multistory configuration
