Freestanding Office Building on
515 AZALEA RD, Mobile, AL 36609
Call to check price and availability
Freestanding office building on 0.48 acres in Mobile, AL.
Type:Office
Property size:
1,575 SFLot size:
0.48 AcresPrice / SF:
$158/SF- Added:
- May 21, 2026
- Days on Market:
- 8
- Last Refresh:
- May 21 at 7:26 am
Property Features for 515 AZALEA RD
General Information
- Standard status
- Active
- Size
- 1,575 SF
- Lot size
- 0.48 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1990
Listing agent Faith Morgan License ##BK3551079
Listing office FMIG (850) 889-2571
Listing date May 21, 2026
Source Crexi
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 FMIG
HighLights
- High‑traffic location on Azalea Rd near Pleasant Valley Rd and Cottage Hill Rd provides excellent visibility and accessibility.
- Functional layout with multiple private offices, two restrooms (one with shower), and a kitchen/break area, suitable for medical, professional, or administrative use.
- Freestanding ±1,575 SF building on approximately 0.48 acres offers privacy and operational efficiency.
- Distinctive architectural character with well‑maintained finishes, mature oak trees, and a circular driveway enhances curb appeal.
- Strong surrounding residential density and proximity to retail, medical, and professional services.
- Decorative wrought iron fence creates a professional and welcoming presence.
Overview
Located at 515 Azalea Rd in Mobile, this freestanding office building offers a unique opportunity. The property is positioned along a high-traffic corridor near the intersections of Pleasant Valley Rd and Cottage Hill Rd, providing strong visibility, accessibility, and proximity to established residential and commercial areas. The building has a size of approximately 1,575 square feet and is situated on approximately 0.48 acres. Formerly a dental office, the building features a functional layout with multiple private offices, making it suitable for medical, professional, or administrative use. The interior includes several individual office suites, two restrooms (one equipped with a shower), and a small kitchen/break area. The layout supports various configurations, ideal for owner-users or tenants seeking privacy and operational efficiency. The property has distinctive character with well-maintained finishes, complemented by mature oak trees and a circular driveway. A decorative wrought iron fence enhances the professional presence. The property benefits from immediate access to Pleasant Valley Rd & Cottage Hill Rd, strong surrounding residential density, nearby retail, medical, and professional services, and high daily traffic counts. Ideal uses include medical office (dental, chiropractic, aesthetic), professional office (legal, insurance, financial), wellness or therapy practice, and boutique studio or specialty business.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$243.3K
NOI $21,897 @ 9.00% cap · cautious / downside scenario
Moderate
$312.8K
NOI $21,897 @ 7.00% cap · market / base-case scenario
Aggressive
$437.9K
NOI $21,897 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.0k | $22.20 |
| − Vacancy | −$5.8k | −$3.66 |
| EGI | $29.2k | $18.54 |
| − OpEx | −$7.3k | −$4.63 |
| NOI | $21.9k | $13.90 |
1,575 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$312.8K
$273.7K – $365.0K
NOI $21,897 @ 7.0% cap · market cap 8.76%
Second Best
Healthcare Medical
$305.5K
$267.3K – $356.5K
NOI $21,387 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$400.3K
$350.3K – $467.0K
NOI $28,022 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- Banfield Pet Hospital — 3980-J Airport Blvd, Mobile, AL 36608
- Jordan Kennedy M DVM — 804 Downtowner Blvd, Mobile, AL 36609
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.14913
- Latitude
- 30.6608647
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Freestanding office building on 0.48 acres in Mobile, AL.
Where is this medical office space located?
The property is located at 515 AZALEA RD Mobile, AL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: High‑traffic location on Azalea Rd near Pleasant Valley Rd and Cottage Hill Rd provides excellent visibility and accessibility.; Functional layout with multiple private offices, two restrooms (one with shower), and a kitchen/break area, suitable for medical, professional, or administrative use.; Freestanding ±1,575 SF building on approximately 0.48 acres offers privacy and operational efficiency.
