Professional Office Building For
3511 Montlimar Plaza Drive Mobile, AL 36609
3511 Montlimar Plaza Drive, Mobile, AL, 36609
$441,500
For Sale
$441,500
Office building with conference room, kitchen, and private parking.
Property Size2,597 SF
Price / SF$170
Days on Market383
Property Features for 3511 Montlimar Plaza Drive
General Information
- Standard status
- Active
- Size
- 2,597 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2003
Listing Agency
Roberts Brothers Comm & Prop M
(251) 342-8000
Listed by
Edward Ladd
(251) 342-8000
Source
Exitrealty
Added: Jun 30, 2025 Checked: Jul 17 at 3:18 am
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 Roberts Brothers Comm & Prop M
Investment Insights
Based on property information with market context.
This commercial building features four offices, a conference room, a copy room, a reception area, a kitchen, and two bathrooms. The building dimensions are 53 feet wide and 49 feet deep. It offers private off-street parking. The location provides convenient access to I-65 and is accessible to various parts of Mobile.
Key Highlights
- Excellent location with easy access to I‑65 and convenient to all parts of Mobile.
- Private off‑street parking.
- Includes 4 offices, conference room, copy room, reception area, kitchen and two baths.
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 | $57.7k | $22.20 |
| − Vacancy | −$9.5k | −$3.66 |
| EGI | $48.1k | $18.54 |
| − OpEx | −$12.0k | −$4.63 |
| NOI | $36.1k | $13.90 |
2,597 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$515.8K
$451.3K – $601.8K
NOI $36,105 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$660.1K
$577.6K – $770.1K
NOI $46,205 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Office building with conference room, kitchen, and private parking.
Where is this office building located?
The property is located at 3511 Montlimar Plaza Drive Mobile, AL.
What is the asking price?
The asking price for this property is $441,500.
What are key features of this property?
This property features: Excellent location with easy access to I‑65 and convenient to all parts of Mobile.; Private off‑street parking.; Includes 4 offices, conference room, copy room, reception area, kitchen and two baths.
