Turnkey Event Retail
7231 Moffett Rd Mobile, AL 36618
7231 Moffett Rd, Mobile, AL, 36618
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For Sale
Contact for pricing
Turnkey event space totaling 2,700 sq ft available for lease in Semmes.
Property Size2,700 SF
Price / SF$185.19
Days on Market98
Property Features for 7231 Moffett Rd
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- RETAIL
Listing agency
City Management Co., LLC
(251) 581-3524
Listed by
William Peebles
(251) 581-3524
Source
Moodyscre
Added: Apr 15 Updated: Jul 21 at 2:20PM Checked: Jul 21 at 2:20PM
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 City Management Co., LLC
Investment Insights
Based on property information with market context.
This offering presents a turnkey 2,700 sq ft event space built for immediate occupancy. The property is positioned as an event-ready retail use, and it is being marketed for lease in its current condition.
Located at 7231 Moffett Rd in Mobile, Alabama, the space is described as being in the heart of Semmes, providing a straightforward option for event-focused operators looking for a plug-and-play setup.
The space is being presented as a lease opportunity in a single, defined footprint suitable for event programming within a retail environment.
Located at 7231 Moffett Rd in Mobile, Alabama, the space is described as being in the heart of Semmes, providing a straightforward option for event-focused operators looking for a plug-and-play setup.
The space is being presented as a lease opportunity in a single, defined footprint suitable for event programming within a retail environment.
Key Highlights
- Turnkey event space totaling 2,700 sq ft available for lease in Semmes
- 2,700 sq ft event space in the heart of Semmes
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 | $53.5k | $19.80 |
| − Vacancy | −$2.4k | −$0.89 |
| EGI | $51.1k | $18.91 |
| − OpEx | −$15.3k | −$5.67 |
| NOI | $35.7k | $13.24 |
2,700 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$510.5K
$446.7K – $595.6K
NOI $35,738 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$686.3K
$600.5K – $800.6K
NOI $48,038 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Turnkey event space totaling 2,700 sq ft available for lease in Semmes.
Where is this retail space located?
The property is located at 7231 Moffett Rd Mobile, AL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Turnkey event space totaling 2,700 sq ft available for lease in Semmes; 2,700 sq ft event space in the heart of Semmes
