Downtown Mobile Commercial
For Sale
Contact for pricing
60 N Royal St, Mobile, AL
Full-floor commercial space in Historic Downtown Mobile.
Property Size3,646 SF
Lot Size0.07 Acres
Price / SF$214.48
Days on Market459
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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) 476-6000
Listed By:
Matthew Cummings · License #000051961
(251) 455-9844
Source:
Moodyscre
Added: Jul 14, 2025
Changed: Oct 3
Last Checked: Oct 15 at 2:17AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,689
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,780
$1.0M
Cap Rate 7%
$724,129
$724.1K
Cap Rate 9%
$563,211
$563.2K
Market Conditions
NOI Build-Up for 3,646 SF
Gross rent
$80.9K $22.20/SF
− Vacancy
−$13.4K −$3.66/SF
EGI
$67.6K $18.54/SF
− OpEx
−$16.9K −$4.63/SF
NOI
$50.7K $13.90/SF
Area
Mobile, AL
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,780
Cap Rate 7%
$724,129
Cap Rate 9%
$563,211
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,715
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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.
