Warehouse with Drive-In
For Sale
$699,000
3920 Cottage Hill Road, Mobile, AL 36609
A leased commercial building offers warehouse access from two roads and ample on-site parking.
Property Size6,119 SF
Price / SF$114.23
Days on Market697
Property Features for 3920 Cottage Hill Road
General Information
Standard status
Active
Size
6,119 SF
Total Parking Spaces
29
Property subtype
Commercial
Zoning
B2
Additional Details
Road Access
Yes
Drive-In Doors
1
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,800
Amenities
Beamed Ceilings
Restrooms
Building Details
Building Size
6,119 SF
Year Built
2010
Buildings
1
Stories
1
Listing Agency:
Roberts Brothers Comm & Prop M
Listed By:
Edward Ladd
(251) 342-8000
Source:
Gracetysonrealestate
Added: Dec 2, 2024
Changed: Oct 29
Last Checked: Oct 26 at 4:06AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,119-square-foot warehouse building, constructed in 2010, includes a drive-in door and is currently leased. The property is zoned B2.
Access is available from both Cottage Hill Road and Azalea Road. Ample parking serves the site.
Access is available from both Cottage Hill Road and Azalea Road. Ample parking serves the site.
Key Highlights
- 6,119‑square‑foot warehouse building
- Drive‑in warehouse door
- Currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,902
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,040
$698.0K
Cap Rate 7%
$498,600
$498.6K
Cap Rate 9%
$387,800
$387.8K
Market Conditions
NOI Build-Up for 6,119 SF
Gross rent
$44.1K $7.20/SF
− Vacancy
−$3.0K −$0.49/SF
EGI
$41.1K $6.71/SF
− OpEx
−$6.2K −$1.01/SF
NOI
$34.9K $5.70/SF
Area
Mobile, AL
Vacancy
6.80%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,040
Cap Rate 7%
$498,600
Cap Rate 9%
$387,800
Alternative Uses
Best Use
Warehouse
$498.6K
$436.3K – $581.7K
NOI $34,902 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.81M
NOI $108,867 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36609, AL
24,265
Population
12,701
Households
1.9
Avg Household Size
35
Median Age
34%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
3,622
Density / Sq Mi
$49,724
Median Household Income
$36,458
Median Earnings
$1,072
Median Rent
$201,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Life Storage — Mobile, AL 36693
- Regal Motorcoach Storage — 3520 Government Blvd, Mobile, AL 36693
- The Storage Center — 3641 Government Blvd, Mobile, AL 36693
- Andress — 854 Lakeside Ct # A, Mobile, AL 36693
- Public Storage — 664 Azalea Rd, Mobile, AL 36609
Frequently Asked Questions
What type of property is this?
Warehouse - A leased commercial building offers warehouse access from two roads and ample on-site parking.
Where is this warehouse located?
The property is located at 3920 Cottage Hill Road Mobile, AL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 6,119‑square‑foot warehouse building; Drive‑in warehouse door; Currently leased
