Restaurant Building with Kitchen
For Sale
$140,000
3450 Demetropolis Road, Mobile, AL 36693
Commercial Sale, Mobile, AL
Property Size2,275 SF
Lot Size0.34 Acres
Price / SF$61.54
Days on Market405
Property Features for 3450 Demetropolis Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B3
Parking
20
Parking features
Parking Lot
Window features
Display Window(s)
Interior features
Reception Area, Restrooms
Accessibility
Accessible Approach with Ramp
Lot features
Business Park
View
City
Standard status
Active
APN
3302104001108
Size
2,275 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
1939
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1974
Floors in Building
1
Flooring type
Tile - Ceramic, Carpet, Concrete
Building materials
Brick 4 Sides, Cedar
Roof type
Metal
Listing Agency:
RE/MAX Realty Professionals · RE/MAX International
(251) 661-1471
Listed By:
Eric Coleman · License #000109548-0
(251) 518-9098
Added: Aug 29, 2025
Changed: Sep 25
Last Checked: Oct 7 at 12:06PM
MLS# 7640901
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 2,275-square-foot restaurant building was constructed in 1974 and sits on a 0.3426-acre parcel. Its existing layout includes dine-in space, two cooking and preparation areas, a stock area, an ordering counter, a manager’s office, a break room, and two bathrooms. On-site restaurant equipment includes a walk-in cooler and freezer, vent hoods, and other utility equipment; some kitchen equipment has been sold. The property is offered as-is, where-is, and is zoned B3.
The site has over 100 feet of road frontage. Interstate 10 and Interstate 65 are each about a five-minute drive away, and new restaurants are located in the immediate area.
The site has over 100 feet of road frontage. Interstate 10 and Interstate 65 are each about a five-minute drive away, and new restaurants are located in the immediate area.
Key Highlights
- 2,275 square feet on a 0.3426‑acre parcel
- Over 100 feet of road frontage
- B3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,428
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,560
$228.6K
Cap Rate 7%
$163,257
$163.3K
Cap Rate 9%
$126,978
$127.0K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$19.1K $8.40/SF
− Vacancy
−$1.5K −$0.67/SF
EGI
$17.6K $7.73/SF
− OpEx
−$6.2K −$2.70/SF
NOI
$11.4K $5.02/SF
Area
Mobile, AL
Vacancy
8.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,560
Cap Rate 7%
$163,257
Cap Rate 9%
$126,978
Alternative Uses
Best Use
Specialty Retail
$491.4K
$430.0K – $573.3K
NOI $34,398 @ 7.0% cap · market cap 24.57%
Second Best
Flex RnD
$163.3K
$142.9K – $190.5K
NOI $11,428 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$578.2K
$506.0K – $674.6K
NOI $40,476 @ 7.0% cap · market cap 28.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36693, AL
18,914
Population
8,833
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
12.7 sq mi
ZIP Area
1,489
Density / Sq Mi
$69,580
Median Household Income
$41,328
Median Earnings
$1,090
Median Rent
$199,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The existing layout includes dining, food preparation, storage, and office areas.
Where is this conventional restaurant located?
The property is located at 3450 Demetropolis Road Mobile, AL.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 2,275 square feet on a 0.3426‑acre parcel; Over 100 feet of road frontage; B3 zoning
