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    208 Dauphin St Mobile, AL 36602

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    208 Dauphin St Mobile, AL 36602

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    • Mixed-use properties
    • 3,315 SF
    • 0.07 lot acres
    For Sale
    $750,000
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    Historic Downtown Mobile Mixed-Use For Sale
    $750,000
    3,315 SF

    Historic Downtown Mobile Mixed-Use

    Prime Location, High Visibility, Huge Potential

    208 Dauphin St, Mobile, AL 36602
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dearman Law Firm Federal Criminal Defense Attorney / Law Firm
    • Miniflyx Media Distribution Company / Media Distribution
    • Pugh Law Firm LLC / Law Firm

    Property Details for 208 Dauphin St

    Lot size
    0.07 lot acres
    Property size
    3,315 SF
    Property type
    Mixed-use properties

    Description

    This exceptional 3,315 square foot mixed-use property, located at 208 Dauphin Street Unit A in Mobile, Alabama, presents a rare opportunity to acquire a piece of Mobile's rich history. Situated on a 0.07-acre lot in the heart of the historic downtown district, this building enjoys unparalleled visibility and high foot traffic due to its proximity to numerous restaurants, bars, and nightclubs. Originally constructed in 1885, the building underwent an extensive structural retrofit and internal finishing in 2008, resulting in a modern, yet historically significant structure. The property's versatile design lends itself to a variety of uses, subject to necessary permits and approvals. Potential uses include, but are not limited to, a nightclub, comedy club, event venue, or business meeting space. The building's character and prime location make it ideal for entrepreneurs seeking a unique and high-impact space. This is a chance to own a landmark property in a thriving area, offering significant potential for return on investment. The asking price is $750,000. This property is ready for a visionary owner to bring its potential to life. The property's location offers immediate access to the vibrant energy of downtown Mobile, ensuring a constant flow of potential customers and patrons.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile - AL
    State
    Alabama
    Longitude
    -88.0434
    Latitude
    30.6916

    Comparable in this City

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      7,172 SF

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      205 Dauphin St

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      210 Saint Louis St

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      4,435 SF

      7 Dearborn St

      STORE/OFFICE (MIXED USE) • 4,435 SF
      7 Dearborn St, Mobile, AL 36602-1712
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    • Value Estimation
      $870,000
      6,300 SF

      10 Saint Emanuel St

      STORE/OFFICE (MIXED USE) • 6,300 SF
      10 Saint Emanuel St, Mobile, AL 36602-3213
      View Details
    • Value Estimation
      $605,000
      4,789 SF

      571 Dauphin St

      STORE/OFFICE (MIXED USE) • 4,789 SF
      571 Dauphin St, Mobile, AL 36602-2109
      View Details

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    Similar Nearby for Lease

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      Retail Space in New Development

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      Mixed-Use Space on Dauphin Street

      Mixed-use space for rent with frontage on Dauphin Street.
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    Mobile, AL 36602
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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