Office-Warehouse
500 Broadcast Drive, Mobile, AL 36606
For Sale
$1,490,000
Pending
Commercial Sale, Mobile, AL
Property Size8,274 SF
Lot Size5.82 Acres
Days on Market343
Property Features for 500 Broadcast Drive
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Building Details
Year built
Floors in Building
Flooring type
Roof type
Buildings
Listing Agency:
LPT Realty LLC
Listed By:
Michael A Mergell · License #131211
(251) 999-8868
Added: Dec 2, 2025
Changed: Nov 3
Last Checked: Nov 9 at 4:06AM
MLS# 388610
Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 2015 commercial property combines office and warehouse areas, with a loading area for handling goods. Interior features include a reception area, private offices, meeting rooms, a staff kitchen and restrooms. Wood, laminate and concrete flooring are listed, along with central and electric heating and a metal roof.
The property is at 500 Broadcast Drive in Mobile, on a 5.816-acre site. Its zoning is Commercial.
The property is at 500 Broadcast Drive in Mobile, on a 5.816-acre site. Its zoning is Commercial.
Key Highlights
- 5.816‑acre commercial property at 500 Broadcast Drive, Mobile
- Office and warehouse areas with a loading area
- Reception area, private offices and meeting rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,031
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,300,620
$2.3M
Cap Rate 7%
$1,643,300
$1.6M
Cap Rate 9%
$1,278,122
$1.3M
Market Conditions
NOI Build-Up for 8,274 SF
Gross rent
$183.7K $22.20/SF
− Vacancy
−$30.3K −$3.66/SF
EGI
$153.4K $18.54/SF
− OpEx
−$38.3K −$4.63/SF
NOI
$115.0K $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%
$2,300,620
Cap Rate 7%
$1,643,300
Cap Rate 9%
$1,278,122
Alternative Uses
Best Use
Office B
$1.64M
$1.44M – $1.92M
NOI $115,031 @ 7.0% cap · market cap 7.72%
Second Best
Mixed Use
$1.57M
$1.38M – $1.84M
NOI $110,117 @ 7.0% cap · market cap 7.39%
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
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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
$141,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Mobile County, AL
Properties on Market for Mixed-use properties in Mobile County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office areas, private rooms, staff kitchen and warehouse space support a mix of business functions.
Where is this mixed-use property 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: 5.816‑acre commercial property at 500 Broadcast Drive, Mobile; Office and warehouse areas with a loading area; Reception area, private offices and meeting rooms
