Restaurant Building with Walk-Up
For Sale
$89,900
548 Wilson Avenue N, Mobile, AL 36610
Commercial kitchen equipment supports food service, with a configuration suited to walk-up customer service.
Property Size367 SF
Price / SF$244.96
Days on Market135
Property Features for 548 Wilson Avenue N
General Information
Standard status
Active
Size
367 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
x
Additional Details
Highway Access
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$384
Amenities
Track Lighting
Building Details
Building Size
367 SF
Year Built
1978
Buildings
1
Stories
1
Construction
concrete block
Listing Agency:
IXL Real Estate LLC
(251) 265-1230
Listed By:
Layla Pollman
(251) 455-5798
Source:
Gracetysonrealestate
Added: Jun 19
Changed: Oct 29
Last Checked: Oct 29 at 10:51PM
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 IXL Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property is a concrete block commercial building constructed in 1978. Walk-up serving windows and included commercial kitchen appliances and equipment support food-service operations. The property previously housed a chicken wing, hamburger, and ice cream business.
Located on Wilson Avenue N in Mobile, the building is near an intersection just off the interstate.
Located on Wilson Avenue N in Mobile, the building is near an intersection just off the interstate.
Key Highlights
- Concrete block restaurant building constructed in 1978
- Walk‑up serving windows
- Commercial kitchen appliances and equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,549
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$110,980
$111.0K
Cap Rate 7%
$79,271
$79.3K
Cap Rate 9%
$61,656
$61.7K
Market Conditions
NOI Build-Up for 367 SF
Gross rent
$7.7K $21.00/SF
− Vacancy
−$308 −$0.84/SF
EGI
$7.4K $20.16/SF
− OpEx
−$1.8K −$5.04/SF
NOI
$5.5K $15.12/SF
Area
Mobile, AL
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$110,980
Cap Rate 7%
$79,271
Cap Rate 9%
$61,656
Alternative Uses
Best Use
Specialty Retail
$79.3K
$69.4K – $92.5K
NOI $5,549 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$93.3K
$81.6K – $108.8K
NOI $6,530 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36610, AL
9,699
Population
5,203
Households
1.9
Avg Household Size
41
Median Age
9%
College-Educated
83%
High-School Grad
7.6 sq mi
ZIP Area
1,276
Density / Sq Mi
$27,098
Median Household Income
$27,360
Median Earnings
$675
Median Rent
$56,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial kitchen equipment supports food service, with a configuration suited to walk-up customer service.
Where is this conventional restaurant located?
The property is located at 548 Wilson Avenue N Mobile, AL.
What is the asking price?
The asking price for this property is $89,900.
What are key features of this property?
This property features: Concrete block restaurant building constructed in 1978; Walk‑up serving windows; Commercial kitchen appliances and equipment included
