Listing Agency: Hamilton & Co. LLC Show Phone

Listed By: Lewis H. Golden · License #75767 Show Phone

Source: Moodyscre

Added: Jul 1 Changed: Oct 25 Last Checked: Oct 28 at 10:25AM

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Investment Insights

Based on property information with market context.

Renovated retail property offering approximately 3,220 +/- total square feet and configured for drive-through service. The site is zoned B-2 (Neighborhood Business) and includes approximately 0.44 +/- acres.

Located at 6151 Airport Blvd in Mobile, Alabama, the property benefits from strong area traffic, with 2025 AADT of 41,002.

This combination of drive-through functionality, B-2 zoning, and recent renovation makes the property well-suited for a retail tenant or buyer seeking a retail-focused site on a busy arterial.

Key Highlights

• 3,220 +/- total SF renovated retail space
• Drive‑through access for customer service and traffic flow
• Zoned B‑2, neighborhood business

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,621

Cap Rate

4.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$852,420 $852.4K

Cap Rate 7%

$608,871 $608.9K

Cap Rate 9%

$473,567 $473.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,220 SF

Gross rent

$63.8K $19.80/SF

− Vacancy

−$2.9K −$0.89/SF

EGI

$60.9K $18.91/SF

− OpEx

−$18.3K −$5.67/SF

NOI

$42.6K $13.24/SF

Area

Mobile, AL

Vacancy

4.50%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$852,420

Cap Rate 7%

$608,871

Cap Rate 9%

$473,567

Alternative Uses

Best Use

Retail

$608.9K

$532.8K – $710.4K (±1% cap)

NOI $42,621 @ 7.0% cap · market cap 4.49%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$818.4K

$716.1K – $954.8K (±1% cap)

NOI $57,289 @ 7.0% cap · market cap 6.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Bryant Bank Loan Service

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Auto Parts Store Building Supply Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

41,002 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

937

Businesses Nearby

Explore this area Business Placement

Demographics for 36608, AL

39,782

Population

17,690

Households

2.2

Avg Household Size

34

Median Age

42%

College-Educated

93%

High-School Grad

65.1 sq mi

ZIP Area

611

Density / Sq Mi

$64,372

Median Household Income

$37,530

Median Earnings

$1,045

Median Rent

$234,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Renovated retail property with drive-through access and B-2 zoning on a heavily traveled corridor.

Where is this retail space located?

The property is located at 6151 Airport Blvd Mobile, AL.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: 3,220 +/- total SF renovated retail space; Drive‑through access for customer service and traffic flow; Zoned B‑2, neighborhood business