Mixed-Use Storage, Retail &
For Sale
$995,000
Pending
4057 Moffett Road, Mobile, AL 36618
Stabilized self-storage plus occupied retail strip and standalone office on a highly visible, access-forward parcel.
Property Size4,628 SF
Days on Market166
Property Features for 4057 Moffett Road
General Information
Standard status
Pending
Size
4,628 SF
Property subtype
Retail
Amenities
3
Metal
Level
Level.
Building Details
Year Built
2005
Listing Agency:
RE/MAX of Orange Beach
(251) 533-6677
Listed By:
Heather W Harp · License #0146979
(251) 533-6677
Source:
Xome
Added: Mar 17
Changed: Aug 25
Last Checked: Aug 29 at 6:42AM
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 RE/MAX of Orange Beach
Investment Insights
Based on property information with market context.
This multi-use commercial property combines a stabilized self-storage facility with an occupied retail strip center and a standalone office space. The storage component is reported at 95% occupancy and offers a mix of climate-controlled and standard units, with secured, fenced premises and 24/7 access supported by surveillance. The self-storage is owner-operated, with leases in place.
The retail strip center is described as a multi-tenant layout with solid occupancy and is leased to a mix of local and regional businesses, generating consistent rental income. The office is presented as flex-use space suitable for owner use, property management, or a third-party lease.
Situated just off the I-65 corridor, the property is noted for high visibility with excellent access and frontage. The offering is described as zoned commercial, with flexibility for expansion or redevelopment.
The retail strip center is described as a multi-tenant layout with solid occupancy and is leased to a mix of local and regional businesses, generating consistent rental income. The office is presented as flex-use space suitable for owner use, property management, or a third-party lease.
Situated just off the I-65 corridor, the property is noted for high visibility with excellent access and frontage. The offering is described as zoned commercial, with flexibility for expansion or redevelopment.
Key Highlights
- Diversified commercial income with stabilized self‑storage, occupied retail strip, and standalone office on one property
- Self‑storage facility is 95% occupied with a mix of climate‑controlled and standard units; rents are $50–$100 per unit
- Secured, fenced self‑storage with 24/7 access and surveillance; owner‑operated with leases in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,342
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,286,840
$1.3M
Cap Rate 7%
$919,171
$919.2K
Cap Rate 9%
$714,911
$714.9K
Market Conditions
NOI Build-Up for 4,628 SF
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.
Gross rent
$102.7K $22.20/SF
− Vacancy
−$17.0K −$3.66/SF
EGI
$85.8K $18.54/SF
− OpEx
−$21.4K −$4.63/SF
NOI
$64.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,286,840
Cap Rate 7%
$919,171
Cap Rate 9%
$714,911
Alternative Uses
Best Use
Office B
$919.2K
$804.3K – $1.07M
NOI $64,342 @ 7.0% cap · market cap 6.47%
Second Best
Retail
$875.1K
$765.7K – $1.02M
NOI $61,258 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,340 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Explore this area
Business Placement
Demographics for 36618, AL
17,425
Population
7,313
Households
2.4
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
15.9 sq mi
ZIP Area
1,096
Density / Sq Mi
$59,075
Median Household Income
$35,037
Median Earnings
$1,102
Median Rent
$155,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Stabilized self-storage plus occupied retail strip and standalone office on a highly visible, access-forward parcel.
Where is this self storage facility located?
The property is located at 4057 Moffett Road Mobile, AL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Diversified commercial income with stabilized self‑storage, occupied retail strip, and standalone office on one property; Self‑storage facility is 95% occupied with a mix of climate‑controlled and standard units; rents are $50–$100 per unit; Secured, fenced self‑storage with 24/7 access and surveillance; owner‑operated with leases in place
