Building Details

Tenancy Multi

Listing Agency: Marcus & Millichap - San Diego p***@marcusmillichap.com Show Phone

Listed By: Phil Sambazis · License #01474991

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 3:28AM

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Investment Insights

Based on property information with market context.

The property is a retail investment offering presented for sale. Public remarks list the building at 5,091 SF and reference a 6.85% cap rate.

The asset is located at 505 Schillinger Road in Mobile, AL 36695, and it is being marketed as retail space.

For buyers or brokers underwriting returns, the available financial reference provided is the stated 6.85% cap rate and the property size of 5,091 SF.

Key Highlights

• Retail property for sale with 5,091 SF
• Stated 6.85% cap rate

Property Analytics

Property Profile

Current Use

T-Mobile Mobile Phone Store Dunkin' Cafe & Coffee Shop

Suggested Use

Top Pick Parking Lot & Garage Law Firm Plumbing Service (Bike/Boat/Book/etc) Store Electrical Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

505

Businesses Nearby

Explore this area Business Placement

Demographics for 36695, AL

51,174

Population

21,269

Households

2.4

Avg Household Size

38

Median Age

34%

College-Educated

95%

High-School Grad

45.6 sq mi

ZIP Area

1,122

Density / Sq Mi

$75,236

Median Household Income

$47,614

Median Earnings

$1,192

Median Rent

$234,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail property available for sale with 5,091 SF and a stated 6.85% cap rate.

Where is this retail space located?

The property is located at 505 Schillinger Road Mobile, AL.

What are key features of this property?

This property features: Retail property for sale with 5,091 SF; Stated 6.85% cap rate