Back to Search
Multi-Tenant Retail Center For Sale

960 Schillinger Rd S Mobile, AL 36695

Claim this Listing
For Sale
Contact for pricing

Neighborhood retail center with high occupancy in thriving retail hub.

Type:Retail
Property size:
25,250 SF
Lot size:
2.86 Acres
Price / SF:
$182.18/SF
Added:
Feb 4, 2026
Days on Market:
160
Last Refresh:
Jul 4 at 10:25 pm

Property Features for 960 Schillinger Rd S

General Information

Standard status
Active
Size
25,250 SF
Lot size
2.86 Acres
Property subtype
Retail

Building Details

Year Built
2006

Listing office Herrington Realty

Listing date Feb 4, 2026

Source Crexi

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 Herrington Realty


Investment Insights

Based on property information with market context.

Palmetto Place is a multi-tenant neighborhood retail center located at 960 Schillinger Rd S in Mobile, Alabama. Constructed in 2006, the property consists of 25,250 square feet situated on a 2.86-acre lot. The center features 11 total units, with 10 units currently leased, resulting in a 90% occupancy rate. The property benefits from high visibility along Schillinger Road, offering frontage and exposure to a prominent retail corridor. Located in the heart of West Mobile, Palmetto Place experiences traffic counts exceeding 40,000 vehicles per day. The center is positioned directly across the street from a new Aldi, Panda Express, and a major new apartment complex, reflecting ongoing residential and commercial growth in the area. Surrounded by national retailers such as Walmart, Target, Kohl's, and Home Depot, the property is located within a thriving retail hub.

Key Highlights

  • High‑visibility location on Schillinger Road with traffic counts exceeding 40,000 vehicles per day.
  • 90% occupancy with a diverse mix of tenants, providing a stable investment.
  • Located in the heart of West Mobile, a thriving retail hub.

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 $500.0k $19.80
− Vacancy −$22.5k −$0.89
EGI $477.5k $18.91
− OpEx −$143.2k −$5.67
NOI $334.2k $13.24
25,250 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$4.77M
$4.18M – $5.57M (±1% cap)
NOI $334,217 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.42M
$5.62M – $7.49M (±1% cap)
NOI $449,240 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Lendmark Financial Services ... Loan Service Charm Thai Kitchen ... Restaurant Up n smoke (Bike/Boat/Book/etc) Store Cheveu Salon Hair Salon Nails Couture Nail Salon

Suggested Use

Real Estate Agency Hair Salon Law Firm Storage Facility (Bike/Boat/Book/etc) Store Dental Office Bakery (Bike/Boat/Book/etc) Store Restaurant Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • West Park Shopping Center — 1300 Schillinger Rd S, Mobile, AL 36695

FAQs

What type of property is this?
Shopping center - Neighborhood retail center with high occupancy in thriving retail hub.
Where is this shopping center located?
The property is located at 960 Schillinger Rd S Mobile, AL.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: High‑visibility location on Schillinger Road with traffic counts exceeding 40,000 vehicles per day.; 90% occupancy with a diverse mix of tenants, providing a stable investment.; Located in the heart of West Mobile, a thriving retail hub.
Contact an agent
(251) 490-6995 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message