Building Details

Year Built 1989

Buildings 2

Stories 1

Units 4

Listed By: Paul Salter Show Phone

Added: Feb 12, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This 3,200 square foot warehouse in Mobile, Alabama, is available for sale or lease. The property includes 500 square feet of climate-controlled office space with restrooms. The warehouse portion encompasses 2,700 square feet and is accessible via a 7-foot roll-up door. The entire building is climate-controlled. The property is divided into four units, offering flexibility for various business needs. The property is zoned for industrial use.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,252

Cap Rate

9.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$365,040 $365.0K

Cap Rate 7%

$260,743 $260.7K

Cap Rate 9%

$202,800 $202.8K

Market Conditions

NOI Build-Up for 3,200 SF

Gross rent

$23.0K $7.20/SF

− Vacancy

−$1.6K −$0.49/SF

EGI

$21.5K $6.71/SF

− OpEx

−$3.2K −$1.01/SF

NOI

$18.3K $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 Rate 5%

$365,040

Cap Rate 7%

$260,743

Cap Rate 9%

$202,800

Alternative Uses

Best Use

Office B

$635.6K

$556.1K – $741.5K (±1% cap)

NOI $44,489 @ 7.0% cap · market cap 22.30%

Second Best

Warehouse

$260.7K

$228.2K – $304.2K (±1% cap)

NOI $18,252 @ 7.0% cap · market cap 9.15%

Theoretical Best

Office A

$813.3K

$711.7K – $948.9K (±1% cap)

NOI $56,933 @ 7.0% cap · market cap 28.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Higher Faith Ministry Church Kingdom Builders Ministries Construction Company

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center (Bike/Boat/Book/etc) Store Garden Center Electrical Service Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

748

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - 3,200 SF Small Warehouse For Sale/Lease

Where is this warehouse located?

The property is located at 2756 Mauvilla Dr Mobile, AL.

What is the asking price?

The asking price for this property is $199,500.