Restaurant Building with Walk-Up Serving
For Sale
$89,900
548 Wilson Avenue N, Mobile, AL 36610
SINGLE_FAMILY - Mobile, AL
Property Size367 SF
Lot Size0.11 Acres
Price / SF$244.96
Days on Market54
Property Features for 548 Wilson Avenue N
General Information
Property type
Residential
Property subtype
Retail
Zoning
x
Parking
10
Parking features
On Street, Parking Lot
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
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: Aug 2
Last Checked: Aug 11 at 9:06PM
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 turn-key restaurant building is constructed with solid concrete block and includes a durable concrete block foundation. The property offers convenient walk-up serving windows and an in-place commercial kitchen with appliances and equipment, supporting takeout-focused food service. Interior features include track lighting, with concrete flooring throughout.
Built in 1978, the building is heated via an “Other (Heating)” system and cooled with window unit(s). Parking is provided via an on-street option and a parking lot. The roof is identified as asbestos shingle, and utilities include cable availability. Water and sewer services are provided by public water and public sewer.
The property sits on a 0.1148-acre lot and is listed with a total property size of 367 square feet. It is located at 548 Wilson Avenue N, Mobile, AL 36610, just off the interstate.
Built in 1978, the building is heated via an “Other (Heating)” system and cooled with window unit(s). Parking is provided via an on-street option and a parking lot. The roof is identified as asbestos shingle, and utilities include cable availability. Water and sewer services are provided by public water and public sewer.
The property sits on a 0.1148-acre lot and is listed with a total property size of 367 square feet. It is located at 548 Wilson Avenue N, Mobile, AL 36610, just off the interstate.
Key Highlights
- 0.1148‑acre lot with 367 square feet restaurant building
- Walk‑up serving windows for convenient takeout service
- Concrete block construction with a durable concrete block foundation
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
Industrial
$24.6K
$21.6K – $28.7K
NOI $1,724 @ 7.0% cap · market cap 1.92%
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
171
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
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 - Concrete block restaurant building with walk-up serving windows, commercial kitchen equipment, and public utilities.
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: 0.1148‑acre lot with 367 square feet restaurant building; Walk‑up serving windows for convenient takeout service; Concrete block construction with a durable concrete block foundation
