357 Congress Street Mobile, AL 36603
Historic 1875 building, renovated for mixed-use or office space.
Property Features for 357 Congress Street
General Information
- Standard status
- Active
- Size
- 1,335 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1875
Listing office Roberts Realty Group Inc (251) 232-8903
Listing date May 11, 2024
Source Exitrealty
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 Realty Group Inc
Investment Insights
Based on property information with market context.
Key Highlights
- Award‑winning, historically accurate renovation with modern amenities (built 1875, renovated for 2024).
- Zoned T4 for mixed‑use, ideal for Airbnb or professional office space.
- Two separate units, each with a kitchenette and luxury bathroom.
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 | $29.6k | $22.20 |
| − Vacancy | −$4.9k | −$3.66 |
| EGI | $24.7k | $18.54 |
| − OpEx | −$6.2k | −$4.63 |
| NOI | $18.6k | $13.90 |