Flex Space with Warehouse
For Sale
$1,490,000
Pending
500 Broadcast Drive, Mobile, AL 36606
SINGLE_FAMILY - Mobile, AL
Property Size8,274 SF
Lot Size5.82 Acres
Days on Market245
Property Features for 500 Broadcast Drive
General Information
Property type
Residential
Property subtype
Office
Zoning
Commercial
Directions
From Airport. Head South on Bel Air Blvd. Head East on Television Ave. Property will be to the North.
Subdivision
Mobile County
Standard status
Pending
APN
29-09-30-2-000-035.
Lot size
5.82 Acres
Taxes and HOA fees
Tax Description
LOT 1 ISAM ADDITION TO BEL AIR BOULEVARD MBK 131 PAGE 50 AND ALSO THE FOLLOWING: BEGINNING AT THE NORTHWEST CORNER OF SAID LOT 1 THEN RUN WEST 2.44 FT THEN NORTHWESTERLY ALONG A CURVE TO THE LEFT 97.48 FT THEN WESTERLY 24.38 FT THEN NORTHWESTERLY 237 .37 FT THEN NORTH 78.89 FT THEN SOUTHEASTERLY 467
Tax Annual Amount
7871
Legal Description
LOT 1 ISAM ADDITION TO BEL AIR BOULEVARD MBK 131 PAGE 50 AND ALSO THE FOLLOWING: BEGINNING AT THE NORTHWEST CORNER OF SAID LOT 1 THEN RUN WEST 2.44 FT THEN NORTHWESTERLY ALONG A CURVE TO THE LEFT 97.48 FT THEN WESTERLY 24.38 FT THEN NORTHWESTERLY 237 .37 FT THEN NORTH 78.89 FT THEN SOUTHEASTERLY 467
Utilities
Heating system
Central, Electric (Heating)
Amenities
reception area
private offices
meeting rooms
kitchen
restrooms
loading area
warehouse/storage
Building Details
Year built
2015
Floors in Building
1
Flooring type
Laminate, Wood, Concrete
Roof type
Metal
Listing Agency:
LPT Realty LLC
(251) 999-8868
Listed By:
Michael A Mergell · License #131211
(317) 645-8717
Added: Dec 2, 2025
Changed: Aug 4
Last Checked: Aug 4 at 12:06PM
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.
Investment Insights
Based on property information with market context.
This flex property at 500 Broadcast Drive combines office and warehouse components within a commercial-zoned setting. The interior includes a reception area, several private offices, meeting rooms, a staff kitchen, and maintained restrooms, along with dedicated storage and a loading area. Laminate, wood, and concrete flooring are installed throughout the property, which was built in 2015.
The site encompasses 5.816 acres in Mobile, offering room for a range of business functions supported by both workspace and logistics facilities. Its location within a commercial district provides access to transportation routes and a surrounding business community. The metal roof and central electric heating are additional building features.
The site encompasses 5.816 acres in Mobile, offering room for a range of business functions supported by both workspace and logistics facilities. Its location within a commercial district provides access to transportation routes and a surrounding business community. The metal roof and central electric heating are additional building features.
Key Highlights
- 8,274‑square‑foot office and warehouse property
- 5.816‑acre site at 500 Broadcast Drive, Mobile, AL 36606
- Commercial zoning
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mama Lu Lu's Catering — Mobile, AL 36606
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned property combines offices, meeting rooms, and logistics-oriented storage.
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‑square‑foot office and warehouse property; 5.816‑acre site at 500 Broadcast Drive, Mobile, AL 36606; Commercial zoning
