Restaurant
69 Saint Michael Street, Mobile, AL 36602
For Sale
Contact for pricing
Restaurant premises are located in downtown Mobile.
Property Size1,500 SF
Price / SF$266
Days on Market29
Property Features for 69 Saint Michael Street
General Information
Standard status
Size
Property subtype
Listing Agency:
CRE Mobile
Listed By:
Josh Hall · License AL #000028984
(251) 438-4312
Source:
Crexi
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 8 at 4:52PM
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 CRE Mobile
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Investment Insights
Based on property information with market context.
This 1,500-square-foot restaurant property is at 69 Saint Michael Street in downtown Mobile, Alabama.
Key Highlights
- 1,500 SF restaurant property
- Address: 69 Saint Michael Street, Mobile, AL 36602
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,680
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,600
$453.6K
Cap Rate 7%
$324,000
$324.0K
Cap Rate 9%
$252,000
$252.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$31.5K $21.00/SF
− Vacancy
−$1.3K −$0.84/SF
EGI
$30.2K $20.16/SF
− OpEx
−$7.6K −$5.04/SF
NOI
$22.7K $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%
$453,600
Cap Rate 7%
$324,000
Cap Rate 9%
$252,000
Alternative Uses
Best Use
Specialty Retail
$324.0K
$283.5K – $378.0K
NOI $22,680 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$381.3K
$333.6K – $444.8K
NOI $26,688 @ 7.0% cap · market cap 6.69%
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
Location Intelligence
Trade Area within ½ mile
2,507
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 36602, AL
910
Population
802
Households
1.1
Avg Household Size
56
Median Age
45%
College-Educated
91%
High-School Grad
3.9 sq mi
ZIP Area
233
Density / Sq Mi
$35,000
Median Household Income
$48,523
Median Earnings
$596
Median Rent
$258,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Mobile County, AL
Properties on Market for Conventional restaurants in Mobile County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant premises are located in downtown Mobile.
Where is this conventional restaurant located?
The property is located at 69 Saint Michael Street Mobile, AL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,500 SF restaurant property; Address: 69 Saint Michael Street, Mobile, AL 36602
