3511 Montlimar Plaza Drive Mobile, AL 36609
SINGLE_FAMILY - Mobile, AL
Property Features for 3511 Montlimar Plaza Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- B3
- Parking
- 15
- Parking features
- Parking Lot
- Window features
- Insulated Windows
- Interior features
- Reception Area, Restrooms
- Fencing
- Privacy
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 2807253000001016
- Size
- 2,597 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4314
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2003
- Floors in Building
- 1
- Flooring type
- Carpet, Hardwood
- Building materials
- Brick 4 Sides
- Roof type
- Asphalt
Listing agent Edward Ladd (251) 342-8000
Listing office Roberts Brothers Comm & Prop M Mobile, AL (251) 342-8000
Listing date Jun 9, 2025
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.
The property is offered in Mobile and is described as having easy access to I-65, with convenient access to all parts of Mobile. Private off-street parking is available.
Zoned B3, the building is configured for professional office use with dedicated common and support spaces, including reception, conference, and kitchen areas.
Key Highlights
- Brick 4‑sides office building built in 2003 with central heating and central air
- Layout includes 4 offices, conference room, copy room, reception area, kitchen, and 2 baths
- Parking lot with private off‑street parking
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 |
