Versatile Commercial Property For Sale

500 Broadcast Drive Mobile, AL 36606

Claim this Listing
For Sale
$1,490,000

8,274 SF office and warehouse space in thriving district.

Type:Commercial/Industrial
Property size:
8,274 SF
Price / SF:
$180/SF
Added:
Dec 2, 2025
Days on Market:
223
Last Refresh:
Jun 28 at 3:42 pm

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 office LPT Realty LLC

Listing date Dec 2, 2025

Source Exitrealty

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 (±1% cap)
NOI $115,031 @ 7.0% cap · market cap 7.72%
Second Best
Warehouse
$674.2K
$589.9K – $786.6K (±1% cap)
NOI $47,194 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M (±1% cap)
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

Suggested Use

Real Estate Agency Building Supply Restaurant HVAC Service Grocery & Convenience Store Gym & Fitness Center Garden Center Storage Facility Kitchen & Bath Showroom Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

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.
Contact an agent
More about this property
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