Freestanding Restaurant
For Sale
$89,900
548 Wilson Avenue N, Mobile, AL 36610
Commercial Sale, Mobile, AL
Property Size367 SF
Lot Size0.11 Acres
Price / SF$244.96
Days on Market101
Property Features for 548 Wilson Avenue N
General Information
Property type
Residential
Property subtype
Retail
Zoning
x
Parking
10
Parking features
Parking Lot, On Street
Window features
Display Window(s)
Interior features
Track Lighting
Lot features
Corner Lot
View
City
Standard status
Active
APN
2902440006505
Size
367 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
384
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
walk-up serving windows
Building Details
Year built
1978
Floors in Building
1
Flooring type
Concrete
Building materials
Block, Concrete
Roof type
Asbestos Shingle
Listing Agency:
IXL Real Estate LLC
(251) 265-1230
Listed By:
Layla Pollman
(251) 455-5798
Added: Jun 19
Changed: Sep 4
Last Checked: Sep 27 at 12:06PM
MLS# 7791562
Copyright © 2026 Mobile Area Association of 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.
This 367-square-foot restaurant property is a concrete-block building constructed in 1978. The layout includes walk-up serving windows, track lighting, concrete flooring, and commercial kitchen appliances and equipment. Window-unit cooling and public water and sewer service are also in place.
The property occupies 0.1148 acres at 548 Wilson Avenue N in Mobile, Alabama, with access to a parking lot and on-street parking. Its location is described at a busy intersection just off the interstate, with visibility along Wilson Avenue. The building previously operated as a chicken wing, hamburger, and ice cream establishment, supporting continued food-service use.
The property occupies 0.1148 acres at 548 Wilson Avenue N in Mobile, Alabama, with access to a parking lot and on-street parking. Its location is described at a busy intersection just off the interstate, with visibility along Wilson Avenue. The building previously operated as a chicken wing, hamburger, and ice cream establishment, supporting continued food-service use.
Key Highlights
- 367‑square‑foot restaurant building constructed in 1978
- 0.1148‑acre site at 548 Wilson Avenue N, Mobile, AL 36610
- Walk‑up serving windows for customer service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,549
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
288
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Compact food-service property with walk-up windows, kitchen equipment, and on-site parking.
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: 367‑square‑foot restaurant building constructed in 1978; 0.1148‑acre site at 548 Wilson Avenue N, Mobile, AL 36610; Walk‑up serving windows for customer service
