Leased Flex Warehouse with
3920 Cottage Hill Road Mobile, AL 36609
For Sale
$699,000
SINGLE_FAMILY - Mobile, AL
Property Size6,119 SF
Lot Size0.78 Acres
Price / SF$114.23
Days on Market602
Property Features for 3920 Cottage Hill Road
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- B2
- Parking
- 29
- Parking features
- Parking Lot
- Window features
- Display Window(s)
- Interior features
- Beamed Ceilings, Restrooms
- Standard status
- Active
- APN
- 2807363000002
- Size
- 6,119 SF
- Lot size
- 0.78 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7800
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2010
- Floors in Building
- 1
- Flooring type
- Concrete
- Building materials
- Brick 3 Sides
- Roof type
- Flat
Listing Agency:
Roberts Brothers Comm & Prop M
(251) 342-8000
Listed By:
Edward Ladd
(251) 342-8000
Added: Dec 2, 2024
Changed: Jun 13
Last Checked: Jul 27 at 7:06AM
MLS# 7493175
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.
The property is a leased flex/warehouse building with a drive-in warehouse door and ample parking. The building comprises 6,119 square feet on approximately 0.7769 acres, and it is currently occupied under lease.
Access is available via Cottage Hill Road or Azalea Road, supporting convenient loading and day-to-day operations. The property is zoned B2, providing a commercial framework for compatible business uses as permitted under applicable zoning rules.
For buyers or tenants looking at a warehouse-style setup within a small commercial lot, the presence of a drive-in door and parking are practical for logistics, light distribution, and space needs that benefit from direct loading. Because the building is currently leased, it may also be considered by investors seeking an income-producing property, subject to the terms of the existing lease.
Access is available via Cottage Hill Road or Azalea Road, supporting convenient loading and day-to-day operations. The property is zoned B2, providing a commercial framework for compatible business uses as permitted under applicable zoning rules.
For buyers or tenants looking at a warehouse-style setup within a small commercial lot, the presence of a drive-in door and parking are practical for logistics, light distribution, and space needs that benefit from direct loading. Because the building is currently leased, it may also be considered by investors seeking an income-producing property, subject to the terms of the existing lease.
Key Highlights
- Currently leased property with drive‑in warehouse door; access available on Cottage Hill or Azalea Road
- Brick 3‑sides construction with flat roof and concrete flooring
- Central heating and central air with electric heating
Financial Insights For Warehouse
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 | $44.1k | $7.20 |
| − Vacancy | −$3.0k | −$0.49 |
| EGI | $41.1k | $6.71 |
| − OpEx | −$6.2k | −$1.01 |
| NOI | $34.9k | $5.70 |
6,119 SF · lease $7.20/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$498.6K
$436.3K – $581.7K
NOI $34,902 @ 7.0% cap · market cap 4.99%
Second Best
Flex RnD
$439.1K
$384.2K – $512.3K
NOI $30,737 @ 7.0% cap · market cap 4.40%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Thymes Eatery and Catering — 3550 Government Blvd, Mobile, AL 36693, United States
- Divine Etiquette Catering & Events — 3900 Cottage Hill Rd, Mobile, AL 36609
- Private Eye Catering — 3508 Markham Dr, Mobile, AL 36609
FAQs
What type of property is this?
Flex space - Leased flex/warehouse building featuring a drive-in door and ample parking with access from major roadways.
Where is this flex space 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: Currently leased property with drive‑in warehouse door; access available on Cottage Hill or Azalea Road; Brick 3‑sides construction with flat roof and concrete flooring; Central heating and central air with electric heating
