Office
For Sale
$1,490,000
Pending
500 Broadcast Drive, Mobile, AL 36606
A 2015-built office property with central electric systems.
Property Size8,150 SF
Days on Market317
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Property Features for 500 Broadcast Drive
General Information
Standard status
Pending
Size
8,150 SF
Taxes and HOA fees
Annual Taxes
$7,871
Amenities
Central, Electric
Building Details
Building Size
8,150 SF
Year Built
2015
Buildings
1
Stories
1
Listing Agency:
LPT Realty LLC
Listed By:
Michael A Mergell · License #131211
(317) 645-8717
Source:
Evrealestate
Added: Dec 2, 2025
Changed: Oct 15
Last Checked: Oct 14 at 11:15PM
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 office building was constructed in 2015 and has central electric systems. It is located at 500 Broadcast Drive in Mobile, Alabama.
Access directions place the property north of Television Avenue, reached by traveling south on Bel Air Boulevard and then east on Television Avenue from the airport.
Access directions place the property north of Television Avenue, reached by traveling south on Bel Air Boulevard and then east on Television Avenue from the airport.
Key Highlights
- Built in 2015
- Central electric systems
- At 500 Broadcast Drive in Mobile, Alabama
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,307
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,266,140
$2.3M
Cap Rate 7%
$1,618,671
$1.6M
Cap Rate 9%
$1,258,967
$1.3M
Market Conditions
NOI Build-Up for 8,150 SF
Gross rent
$180.9K $22.20/SF
− Vacancy
−$29.9K −$3.66/SF
EGI
$151.1K $18.54/SF
− OpEx
−$37.8K −$4.63/SF
NOI
$113.3K $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 Rate 5%
$2,266,140
Cap Rate 7%
$1,618,671
Cap Rate 9%
$1,258,967
Alternative Uses
Best Use
Office B
$1.62M
$1.42M – $1.89M
NOI $113,307 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,002 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 36606, AL
19,042
Population
9,129
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
6.8 sq mi
ZIP Area
2,800
Density / Sq Mi
$49,561
Median Household Income
$37,094
Median Earnings
$938
Median Rent
$141,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A 2015-built office property with central electric systems.
Where is this office building 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: Built in 2015; Central electric systems; At 500 Broadcast Drive in Mobile, Alabama
