Office Warehouse Flex
For Sale
Contact for pricing
7970 Tanner Williams Rd, Mobile, AL 36608
Flex building with approximately 2,300 SF of office space and 1,800 SF of warehouse space.
Property Size2,300 SF
Price / SF$171.74
Days on Market185
Property Features for 7970 Tanner Williams Rd
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Office, Industrial
Zoning
Unzoned
Building Details
Year Built
1950
Year Renovated
2024
Buildings
2
Listing Agency:
White-Spunner Realty LLC Mobile
Listed By:
Laura Davison · License #169249
(251) 379-0132
Source:
Crexi
Added: Apr 29
Changed: Oct 25
Last Checked: Oct 28 at 8:52AM
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 White-Spunner Realty LLC Mobile
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Investment Insights
Based on property information with market context.
+/-2,300 SF office building with +/-1,800 SF warehouse space, configured as a single flex-style property combining work space and storage.
The property is offered for sale and is located at 7970 Tanner Williams Rd in Mobile, Alabama.
The property is offered for sale and is located at 7970 Tanner Williams Rd in Mobile, Alabama.
Key Highlights
- ±2,300 SF office building with ±1,800 SF warehouse space
- Flex layout includes approximately 2,300 SF of office and 1,800 SF of warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,976
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,520
$639.5K
Cap Rate 7%
$456,800
$456.8K
Cap Rate 9%
$355,289
$355.3K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$51.1K $22.20/SF
− Vacancy
−$8.4K −$3.66/SF
EGI
$42.6K $18.54/SF
− OpEx
−$10.7K −$4.63/SF
NOI
$32.0K $13.90/SF
Area
Mobile, AL
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,520
Cap Rate 7%
$456,800
Cap Rate 9%
$355,289
Alternative Uses
Best Use
Office B
$456.8K
$399.7K – $532.9K
NOI $31,976 @ 7.0% cap · market cap 8.10%
Second Best
Warehouse
$187.4K
$164.0K – $218.7K
NOI $13,119 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$584.6K
$511.5K – $682.0K
NOI $40,921 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
260
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
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Clean Eatz — 7335 Airport Blvd, Mobile, AL 36608
Frequently Asked Questions
What type of property is this?
Flex space - Flex building with approximately 2,300 SF of office space and 1,800 SF of warehouse space.
Where is this flex space located?
The property is located at 7970 Tanner Williams Rd Mobile, AL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: ±2,300 SF office building with ±1,800 SF warehouse space; Flex layout includes approximately 2,300 SF of office and 1,800 SF of warehouse
