Professional Office Building For
3511 Montlimar Plaza Drive Mobile, AL 36609
For Sale
$441,500
Office building with conference room, kitchen, and private parking.
Property Size2,597 SF
Price / SF$170
Days on Market393
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
Changed: Jul 10
Last Checked: Jul 27 at 3:49AM
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.
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
