Office Building with Private
3511 Montlimar Plaza Drive Mobile, AL 36609
For Sale
$441,500
SINGLE_FAMILY - Mobile, AL
Property Size2,597 SF
Lot Size0.39 Acres
Price / SF$170
Days on Market414
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 Agency:
Roberts Brothers Comm & Prop M
(251) 342-8000
Listed By:
Edward Ladd
(251) 342-8000
Added: Jun 9, 2025
Changed: Jul 11
Last Checked: Jul 27 at 5:06AM
MLS# 7594770
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 office building includes four offices, a conference room, copy room, reception area, kitchen, and two bathrooms. The building measures 53 feet wide and 49 feet deep and sits on a 0.39-acre lot.
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.
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
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
Office buildings
FAQs
What type of property is this?
Office building - Office building with four offices, conference room, reception, kitchen, and two baths plus private off-street 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: 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
