Medical Office Building with
For Sale
$748,000
3664 College Lane S, Mobile, AL 36608
Commercial Sale, Mobile, AL
Property Size2,660 SF
Lot Size0.63 Acres
Price / SF$281.20
Days on Market47
Property Features for 3664 College Lane S
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
B1
Parking
14
Parking features
Parking Lot
Interior features
Reception Area, Restrooms
Lot features
Level
View
City
Standard status
Active
APN
2806374000098002
Size
2,660 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Annual Amount
5946
Utilities
Utilities
Cable Available
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Flooring type
Tile - Ceramic, Laminate
Building materials
Brick 4 Sides
Roof type
Metal
Additional Structures
Other
Listing Agency:
Roberts Brothers TREC · Berkshire Hathaway HomeServices
(251) 344-9220
Listed By:
Anna Gigicos Catranis
(251) 454-2686
Added: Sep 2
Changed: Sep 16
Last Checked: Oct 18 at 5:06PM
MLS# 7827738
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.
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Investment Insights
Based on property information with market context.
This 2,660-square-foot medical office building, constructed in 1986, offers a purpose-built clinical layout with three exam rooms, an operating room, two treatment rooms, a nurses station, consultation room, medical storage, reception and waiting areas, a private office, secured records room, break room, storage, and separate doctor and public restrooms. Brick construction, ceramic tile and laminate flooring, central air, and heat-pump heating serve the facility. The property also includes a porte-cochere, rear carport, two storage sheds, and 10 parking spaces on approximately 0.63 acres.
Located at 3664 College Lane S in Mobile, the site has approximately 131 feet of frontage and access from West I-65 Service Road North. It is positioned northwest of Dauphin Street and I-65, near Springhill Medical Center, professional offices, financial services, The Highland at Spring Hill, and Legacy Village Shopping Center. B1 zoning supports continued medical and professional use, subject to applicable zoning and permitting requirements.
Located at 3664 College Lane S in Mobile, the site has approximately 131 feet of frontage and access from West I-65 Service Road North. It is positioned northwest of Dauphin Street and I-65, near Springhill Medical Center, professional offices, financial services, The Highland at Spring Hill, and Legacy Village Shopping Center. B1 zoning supports continued medical and professional use, subject to applicable zoning and permitting requirements.
Key Highlights
- 2,660 SF medical office building on approximately 0.63 acre
- Purpose‑built layout with 3 exam rooms, 1 operating room, and 2 treatment rooms
- 10 parking spaces, a porte‑cochere, and a 4‑space rear carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,981
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,620
$739.6K
Cap Rate 7%
$528,300
$528.3K
Cap Rate 9%
$410,900
$410.9K
Market Conditions
NOI Build-Up for 2,660 SF
Gross rent
$59.1K $22.20/SF
− Vacancy
−$9.7K −$3.66/SF
EGI
$49.3K $18.54/SF
− OpEx
−$12.3K −$4.63/SF
NOI
$37.0K $13.90/SF
Area
Mobile, AL
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,620
Cap Rate 7%
$528,300
Cap Rate 9%
$410,900
Alternative Uses
Best Use
Office B
$528.3K
$462.3K – $616.4K
NOI $36,981 @ 7.0% cap · market cap 4.94%
Second Best
Healthcare Medical
$516.0K
$451.5K – $602.0K
NOI $36,121 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$676.1K
$591.6K – $788.8K
NOI $47,326 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,466
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36608, AL
39,782
Population
17,690
Households
2.2
Avg Household Size
34
Median Age
42%
College-Educated
93%
High-School Grad
65.1 sq mi
ZIP Area
611
Density / Sq Mi
$64,372
Median Household Income
$37,530
Median Earnings
$1,045
Median Rent
$234,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical layout with treatment rooms, administrative areas, dedicated parking, and B1 zoning for professional use.
Where is this medical office space located?
The property is located at 3664 College Lane S Mobile, AL.
What is the asking price?
The asking price for this property is $748,000.
What are key features of this property?
This property features: 2,660 SF medical office building on approximately 0.63 acre; Purpose‑built layout with 3 exam rooms, 1 operating room, and 2 treatment rooms; 10 parking spaces, a porte‑cochere, and a 4‑space rear carport
