Former Zaxby’s Restaurant
For Sale
$1,344,086
6551 Airport Boulevard, Mobile, AL 36608
Previously operated as a Zaxby’s quick-service restaurant for 10 years.
Property Size3,652 SF
Price / SF$368.04
Days on Market136
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Property Features for 6551 Airport Boulevard
General Information
Standard status
Active
Size
3,652 SF
Property subtype
Retail
Listed By:
James Watkins · License #02123733
(661) 904-9401
Source:
Cbre
Added: Jun 2
Changed: Oct 1
Last Checked: Oct 14 at 7:55PM
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 James Watkins
Investment Insights
Based on property information with market context.
This 3,652-square-foot restaurant building previously operated as a Zaxby’s for 10 years. The property is located at 6551 Airport Boulevard in Mobile, Alabama, providing an established setting for continued restaurant use.
Key Highlights
- 3,652 SF restaurant building
- Previously operated as a Zaxby’s for 10 years
- Located at 6551 Airport Boulevard, Mobile, AL 36608
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,218
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,360
$1.1M
Cap Rate 7%
$788,829
$788.8K
Cap Rate 9%
$613,533
$613.5K
Market Conditions
NOI Build-Up for 3,652 SF
Gross rent
$76.7K $21.00/SF
− Vacancy
−$3.1K −$0.84/SF
EGI
$73.6K $20.16/SF
− OpEx
−$18.4K −$5.04/SF
NOI
$55.2K $15.12/SF
Area
Mobile, AL
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,360
Cap Rate 7%
$788,829
Cap Rate 9%
$613,533
Alternative Uses
Best Use
Specialty Retail
$788.8K
$690.2K – $920.3K
NOI $55,218 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$928.2K
$812.2K – $1.08M
NOI $64,975 @ 7.0% cap · market cap 4.83%
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
1,200
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Previously operated as a Zaxby’s quick-service restaurant for 10 years.
Where is this conventional restaurant located?
The property is located at 6551 Airport Boulevard Mobile, AL.
What is the asking price?
The asking price for this property is $1,344,086.
What are key features of this property?
This property features: 3,652 SF restaurant building; Previously operated as a Zaxby’s for 10 years; Located at 6551 Airport Boulevard, Mobile, AL 36608
