Four-Office Office
For Sale
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3511 Montlimar Plaza Dr, Mobile, AL 36609
Office building features four private offices, a conference room, reception area, kitchen, and two baths with private off-street parking.
Property Size2,597 SF
Price / SF$170
Days on Market419
Property Features for 3511 Montlimar Plaza Dr
General Information
Standard status
Active
Size
2,597 SF
Property subtype
OFFICE
Listing Agency:
Roberts Brothers Commercial & Property Management Inc
(251) 342-8000
Listed By:
E Bradford Ladd Jr
(251) 342-8000
Source:
Moodyscre
Added: Jun 9, 2025
Changed: Jul 28
Last Checked: Jul 28 at 8:06AM
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 Commercial & Property Management Inc
Investment Insights
Based on property information with market context.
This office building includes four offices plus a conference room, copy room, reception area, kitchen, and two restrooms. Interior finishes feature hardwood and carpet flooring throughout. The building measures 53 feet wide by 49 feet deep.
The property is described as having an excellent location with easy access to I-65 and convenient access to all parts of Mobile. Private off-street parking is available for occupants and visitors.
With its multi-office layout and dedicated common spaces such as reception and conference, the building is well suited for professional use that benefits from a defined room configuration.
The property is described as having an excellent location with easy access to I-65 and convenient access to all parts of Mobile. Private off-street parking is available for occupants and visitors.
With its multi-office layout and dedicated common spaces such as reception and conference, the building is well suited for professional use that benefits from a defined room configuration.
Key Highlights
- Office building with 4 private offices, conference room, reception area, copy room, kitchen, and 2 baths
- Building size is 53' wide x 49' deep
- Private off‑street parking
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,472
Businesses Nearby
Explore this area
Business Placement
Demographics for 36609, AL
24,265
Population
12,701
Households
1.9
Avg Household Size
35
Median Age
34%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
3,622
Density / Sq Mi
$49,724
Median Household Income
$36,458
Median Earnings
$1,072
Median Rent
$201,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building features four private offices, a conference room, reception area, kitchen, and two baths with private off-street parking.
Where is this office building located?
The property is located at 3511 Montlimar Plaza Dr 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: Office building with 4 private offices, conference room, reception area, copy room, kitchen, and 2 baths; Building size is 53' wide x 49' deep; Private off‑street parking
