Versatile Commercial Property For
500 Broadcast Drive Mobile, AL 36606
500 Broadcast Drive, Mobile, AL, 36606
$1,490,000
For Sale
$1,490,000
8,274 SF office and warehouse space in thriving district.
Property Size8,274 SF
Price / SF$180.08
Days on Market227
Property Features for 500 Broadcast Drive
General Information
- Standard status
- Active
- Size
- 8,274 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2015
Listing Agency
LPT Realty LLC
(317) 645-8717
Listed by
Michael Mergell
(317) 645-8717
Source
Exitrealty
Added: Dec 2, 2025 Checked: Jul 15 at 8:18 pm
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 LPT Realty LLC
Investment Insights
Based on property information with market context.
This commercial property, located in a thriving business district, offers 8,274 square feet of space. The property functions as an office building with integrated warehouse facilities. The flexible floor plan is designed to accommodate various business needs, including office space, meeting rooms, and dedicated warehouse or storage areas. The property is equipped with a spacious warehouse or storage facility, complete with a loading area. Interior features include a reception area, multiple private offices, a kitchen, and restrooms. The property enjoys easy access to major transportation routes and is surrounded by a vibrant commercial community.
Key Highlights
- 8,274 sq ft commercial property in a thriving business district.
- Flexible floor plan with office space, meeting rooms, and warehouse/storage areas.
- Spacious warehouse/storage facility with loading area.
Local Financial Insights For Office B
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 | $183.7k | $22.20 |
| − Vacancy | −$30.3k | −$3.66 |
| EGI | $153.4k | $18.54 |
| − OpEx | −$38.3k | −$4.63 |
| NOI | $115.0k | $13.90 |
8,274 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.64M
$1.44M – $1.92M
NOI $115,031 @ 7.0% cap · market cap 7.72%
Second Best
Warehouse
$674.2K
$589.9K – $786.6K
NOI $47,194 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,208 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
iSAM North America ...
Engineering Consultant
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 8,274 SF office and warehouse space in thriving district.
Where is this flex space located?
The property is located at 500 Broadcast Drive Mobile, AL.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 8,274 sq ft commercial property in a thriving business district.; Flexible floor plan with office space, meeting rooms, and warehouse/storage areas.; Spacious warehouse/storage facility with loading area.
