3932 Cottage Hill Rd, Mobile, AL
Large retail building with drive-thru on Cottage Hill Road.
- Added:
- Sep 1, 2023
- Days on Market:
- 1030
- Last Refresh:
- May 19 at 10:07 pm
Property Features for 3932 Cottage Hill Rd
General Information
- Standard status
- Active
- Size
- 11,946 SF
- Lot size
- 1.42 Acres
- Property subtype
- RETAIL
Listing office Vallas Realty, Inc. (251) 751-7223
Listing date Sep 1, 2023
Source Moodyscre
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 Vallas Realty, Inc.
HighLights
- Freestanding retail building with drive‑thru.
- Located on well‑traveled Cottage Hill Road at the signalized intersection with Azalea Road.
- Large building size: ±11,946 SF of open retail space.
- Ample parking with 48 spaces.
- Large lot size: ±1.416 AC.
- Constructed in 2007.
Overview
Local Financial Insights For Specialty Retail
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 | $250.9k | $21.00 |
| − Vacancy | −$10.0k | −$0.84 |
| EGI | $240.8k | $20.16 |
| − OpEx | −$60.2k | −$5.04 |
| NOI | $180.6k | $15.12 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.1394
- Latitude
- 30.6538
