Automotive Property with Office
For Sale
$1,575,000
751 Schillinger Road N, Mobile, AL 36608
COMMERCIAL - Mobile, AL
Property Size4,358 SF
Lot Size5.66 Acres
Price / SF$361.40
Days on Market225
Property Features for 751 Schillinger Road N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CW
Parking
10
Parking features
Parking Lot
Window features
Storm Window(s)
Interior features
High Ceilings 10 or Greater, Reception Area, Restrooms
Lot features
Level
View
City
Standard status
Active
APN
2701120000037
Size
4,358 SF
Lot size
5.66 Acres
Taxes and HOA fees
Tax Annual Amount
7970
Utilities
Utilities
Water Available
Amenities
garage
offices
paved parking
Building Details
Year built
2014
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Ty Irby Realty & Development
(251) 649-1000
Listed By:
Cynthia Byrd · License #40705
(251) 402-2143
Added: Jan 16
Changed: Aug 4
Last Checked: Aug 29 at 11:06AM
MLS# 7705787
Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive property spans 5.6604 acres and includes a 4,358-square-foot building constructed in 2014. The improvements feature garage space, offices, a reception area, restrooms, ceilings of 10 feet or greater, ceramic tile flooring, metal siding, and a metal roof. The building has been used as a car lot dealership and is supported by paved parking measuring approximately 300 by 275 feet.
Water is available, while a sewer connection is located near the site. The property is positioned on Schillinger Road N in Mobile, Alabama, with CW zoning identified in the listing information. An additional 4.37 acres is also available through a separate offering with 25 feet of access from Schillinger Road.
Water is available, while a sewer connection is located near the site. The property is positioned on Schillinger Road N in Mobile, Alabama, with CW zoning identified in the listing information. An additional 4.37 acres is also available through a separate offering with 25 feet of access from Schillinger Road.
Key Highlights
- 5.6604‑acre automotive property on Schillinger Road N
- 4,358‑square‑foot building constructed in 2014
- Garage area, offices, reception area, and restrooms
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
$57,684
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
3.66%
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%
$1,153,680
$1.2M
Cap Rate 7%
$824,057
$824.1K
Cap Rate 9%
$640,933
$640.9K
Market Conditions
NOI Build-Up for 4,358 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
$86.3K $19.80/SF
− Vacancy
−$3.9K −$0.89/SF
EGI
$82.4K $18.91/SF
− OpEx
−$24.7K −$5.67/SF
NOI
$57.7K $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%
$1,153,680
Cap Rate 7%
$824,057
Cap Rate 9%
$640,933
Alternative Uses
Best Use
Retail
$824.1K
$721.1K – $961.4K
NOI $57,684 @ 7.0% cap · market cap 3.66%
Second Best
Industrial
$292.4K
$255.9K – $341.2K
NOI $20,471 @ 7.0% cap · market cap 1.30%
Theoretical Best
Office A
$1.11M
$969.2K – $1.29M
NOI $77,536 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Well-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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 8090 Tanner Williams Rd, Mobile, AL 36608
- U-Haul Neighborhood Dealer — 701-A Schillinger Rd N, Mobile, AL 36608, United States
Frequently Asked Questions
What type of property is this?
Automotive property - Former dealership improvements include garage space, offices, reception, restrooms, and paved on-site parking.
Where is this automotive property located?
The property is located at 751 Schillinger Road N Mobile, AL.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: 5.6604‑acre automotive property on Schillinger Road N; 4,358‑square‑foot building constructed in 2014; Garage area, offices, reception area, and restrooms
