Downtown Mobile Commercial
60 N Royal St Mobile, AL
60 N Royal St, Mobile, AL, 00000
Contact for pricing
For Sale
Contact for pricing
Full-floor commercial space in Historic Downtown Mobile.
Property Size3,646 SF
Lot Size0.07 Acres
Price / SF$214.48
Days on Market369
Property Features for 60 N Royal St
General Information
- Standard status
- Active
- Size
- 3,646 SF
- Lot size
- 0.07 Acres
- Property subtype
- OFFICE
Listing Agency
Cummings & Associates, Inc.
(251) 455-9844
Listed by
Matthew Cummings
(251) 455-9844
Source
Moodyscre
Added: Jul 14, 2025 Checked: Jul 17 at 3:28 am
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 Cummings & Associates, Inc.
Investment Insights
Based on property information with market context.
Located in the Historic Downtown Mobile area, this full-floor commercial property offers approximately 3,646 square feet of flexible space. The property is situated within the Historic District and an Opportunity Zone. Zoned BT-6, the property allows for multiple commercial uses. The space can be divided into two separate units. The property features an open floor plan and private office spaces. On-street public parking is available directly in front of the building, with additional parking decks located nearby. The property benefits from high visibility and foot traffic in a thriving downtown corridor, offering potential for business owners and investors.
Key Highlights
- Located in the Historic District and Opportunity Zone.
- Flexible 3,646 sq ft full‑floor commercial space.
- Easily divisible into two separate units.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.9k | $22.20 |
| − Vacancy | −$13.4k | −$3.66 |
| EGI | $67.6k | $18.54 |
| − OpEx | −$16.9k | −$4.63 |
| NOI | $50.7k | $13.90 |
3,646 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$724.1K
$633.6K – $844.8K
NOI $50,689 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$926.7K
$810.9K – $1.08M
NOI $64,868 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jackson Hewitt
Tax Preparation
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Full-floor commercial space in Historic Downtown Mobile.
Where is this office units located?
The property is located at 60 N Royal St Mobile, AL.
What is the asking price?
The asking price for this property is $782,000.
What are key features of this property?
This property features: Located in the Historic District and Opportunity Zone.; Flexible 3,646 sq ft full‑floor commercial space.; Easily divisible into two separate units.
