Office-Warehouse
For Sale
$1,490,000
Pending
500 Broadcast Drive, Mobile, AL 36606
Commercial Sale, Mobile, AL
Property Size8,274 SF
Lot Size5.82 Acres
Days on Market316
Property Features for 500 Broadcast Drive
General Information
Property type
Commercial Sale
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
multiple private offices
kitchen
meeting rooms
loading area
Building Details
Year built
2015
Floors in Building
1
Flooring type
Wood, Laminate, 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: Oct 8
Last Checked: Oct 14 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.
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.
How Realmo checks its estimates
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
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Market
Vacancy Rate% for Office in South region
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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
