60 N Royal St Mobile, AL
Full-floor commercial space in Historic Downtown Mobile.
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 office Cummings & Associates, Inc. (251) 455-9844
Listing date Jul 14, 2025
Source Moodyscre
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.
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 |