Unrestricted Land Investment
6125 Spice Pond Rd, Eight Mile, AL 36613
2,315 SF Prime Commercial Opportunity For Sale
Property size:
2,764 SFLot size:
2.30 AcresPrice / SF:
$162/SF- Added:
- Feb 11, 2025
- Days on Market:
- 489
- Last Refresh:
- Apr 8 at 2:26 pm
Property Features for 6125 Spice Pond Rd
General Information
- Standard status
- Active
- Property type
- Other retail properties, Individual retail properties, Other investment properties, Retail properties & Spaces, Investment properties
- Size
- 2,764 SF
- Net Rentable
- 2,115 SF
- Elevators
- N/A
- Lot size
- 2.30 Acres
Building Details
- Year Built
- 1991
- Buildings
- 1
- Stories
- 1
Listing agent Paul (850) 564-0120
Listing office (850) 564-0120
Listing date Feb 11, 2025
Overview
Located at 6125 Spice Pond Rd in Eight Mile, Alabama, this commercial property offers an investment opportunity with approximately 2.29 acres of land in an unincorporated area of Mobile County, which provides the advantage of no zoning restrictions. The site features 353 feet of road frontage, offering high visibility and accessibility, suitable for various commercial ventures. The existing building includes 2,115 square feet of net usable space within a total building size of 2,764 square feet. The expansive lot allows for expansion or redevelopment, enabling customized commercial development. The absence of zoning limitations allows for retail complexes, restaurants, service stations, and other commercial endeavors. The property offers 2,315 square feet of prime commercial space for sale.
Local Financial Insights For Retail
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 | $54.7k | $19.80 |
| − Vacancy | −$2.5k | −$0.89 |
| EGI | $52.3k | $18.91 |
| − OpEx | −$15.7k | −$5.67 |
| NOI | $36.6k | $13.24 |
2,764 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$522.6K
$457.3K – $609.8K
NOI $36,585 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$681.0K
$595.9K – $794.5K
NOI $47,670 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Location Insight
- Map
- Local Demand
- City
- Eight Mile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.1832
- Latitude
- 30.812
Nearby Similar for Sale
FAQs
What type of property is this?
Other retail property - 2,315 SF Prime Commercial Opportunity For Sale
Where is this other retail property located?
The property is located at 6125 Spice Pond Rd Eight Mile, AL.
What is the asking price?
The asking price for this property is $450,000.
