Turnkey Event Retail
For Sale
Contact for pricing
7231 Moffett Rd, Mobile, AL 36618
Turnkey event space totaling 2,700 sq ft available for lease in Semmes.
Property Size2,700 SF
Price / SF$185.19
Days on Market144
Property Features for 7231 Moffett Rd
General Information
Standard status
Active
Size
2,700 SF
Property subtype
RETAIL
Properties For Sale
at 7231 Moffett Rd Contact us- Size
- 2,700 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE
7231 Moffett
2,700 sq ft turn key event space for lease in the heart of Semmes.
Contact us
Listing Agency:
City Management Co., LLC
(251) 680-8390
Listed By:
William Peebles
(251) 581-3524
Source:
Moodyscre
Added: Apr 15
Changed: Aug 8
Last 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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,738
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$714,760
$714.8K
Cap Rate 7%
$510,543
$510.5K
Cap Rate 9%
$397,089
$397.1K
Market Conditions
NOI Build-Up for 2,700 SF
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.
Gross rent
$53.5K $19.80/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$51.1K $18.91/SF
− OpEx
−$15.3K −$5.67/SF
NOI
$35.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$714,760
Cap Rate 7%
$510,543
Cap Rate 9%
$397,089
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 36618, AL
17,425
Population
7,313
Households
2.4
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
15.9 sq mi
ZIP Area
1,096
Density / Sq Mi
$59,075
Median Household Income
$35,037
Median Earnings
$1,102
Median Rent
$155,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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
