Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    508 Dauphin St Mobile, AL 36602
    Property profile & analytics

    508 Dauphin St, Mobile, AL 36602

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • APS Payroll Services / Accounting Firm

    Property Details for 508 Dauphin St

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional commercial property offers a unique opportunity in Mobile's vibrant entertainment district. Located on Dauphin Street, this space boasts +/- 6,350 square feet of flexible, creative office space, perfect for a single tenant. The property is adaptable and can be demised to suit specific tenant needs, offering build-to-suit options for the ideal occupant. Its prime location provides direct frontage on Dauphin Street, ensuring high visibility and accessibility. The property benefits from its proximity to the popular Insider Food Hall and Outsider, further enhancing its appeal and foot traffic. The zoning designation is DDD T-5.1: Mixed Use Medium Intensity 1, allowing for a variety of uses. Ample parking is available for tenants and their clients. The space is currently available as a single-tenant occupancy, offering a unique opportunity for a business seeking a prominent location in a thriving area. The total square footage is highly adaptable, ranging from 1,200 to 6,350 square feet, making it suitable for a range of businesses. This is an excellent chance to establish a presence in a dynamic and growing part of Mobile, Alabama. Contact us today to learn more about this exciting opportunity.

    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
    State
    Alabama
    Longitude
    -88.0482
    Latitude
    30.6896

    Comparable in this City

    • Value Estimation by Request
      7,172 SF

      221a Dauphin St

      Restaurants
      221a Dauphin St, Mobile, AL 36602
      View Details
    • Value Estimation by Request
      11,000 SF

      755 Government St

      Office Units
      755 Government St, Mobile, AL 36602
      View Details
    • Value Estimation by Request
      18,568 SF

      662 St Louis St

      Lifestyle centers
      662 St Louis St, Mobile, AL 36602
      View Details
    • Value Estimation by Request
      31,538 SF

      104 St Francis St

      Coworking space
      104 St Francis St, Mobile, AL 36602
      View Details
    • Value Estimation by Request
      15,000 SF

      558 St Francis St

      Individual retail properties
      558 St Francis St, Mobile, AL 36602
      View Details
    • Value Estimation by Request

      600 Church St

      Individual retail properties
      600 Church St, Mobile, AL 36602
      View Details

    Similar Nearby for Sale

    • $675,000
      5,400 SF

      Downtown Mobile Office Building

      Prime location, renovated space, high potential
      157 Dauphin St, Mobile, AL 36602
      View Details
    • $689,000
      5,073 SF

      Historic Downtown Mobile Office Building

      Prime location, 5,073 SF, historic charm.
      205 Church St, Mobile, AL 36602
      View Details
    • Contact for pricing
      1,500 SF

      Turn-Key Restaurant Space For Sale

      Restaurant/bar space with FF&E and operating kitchen, available May 2024.
      69 St Michael St, Mobile, AL 36602
      View Details
    • Contact for pricing

      Renovated Class A Recording Studio

      Historic Mobile property with recording studio and office space.
      7 Royal St N, Mobile, AL 36602
      View Details
    • Contact for pricing
      3,646 SF

      Downtown Mobile Commercial Property

      Full-floor commercial space in Historic Downtown Mobile.
      60 N Royal St, Mobile, AL 36602
      View Details
    • $1,400,000
      16,000 SF

      Downtown Mobile Assemblage For Sale

      Prime Dauphin Street location, mixed-use potential.
      409 Dauphin St, Mobile, AL 36602
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Space on Dauphin Street

      Mixed-use space for rent with frontage on Dauphin Street.
      210 Dauphin St, Mobile, AL 36602
      View Details
    • Contact for pricing

      Dauphin Street Retail Opportunity

      Retail space with direct Dauphin Street frontage in entertainment district.
      508 Dauphin St, Mobile, AL 36602
      View Details
    • $15 SF/Yr
      1,613 SF

      Mobile, AL Retail/Office Space

      Prime Mobile location, 1613 sq ft, NNN lease.
      100 N Royal St, Mobile, AL 36602
      View Details
    • $25 SF/Yr
      9,603 SF

      Merchants Plaza Office/Retail Space

      Downtown Mobile Office & Retail Opportunity
      104 St Francis St, Mobile, AL 36602
      View Details
    • $20 SF/Yr
      9,517 SF

      Merchants Plaza Office/Retail Space

      Downtown Mobile Office & Retail Opportunity
      104 St Francis St, Mobile, AL 36602
      View Details
    • $25 SF/Yr
      7,418 SF

      Merchants Plaza Office/Retail Space

      Prime Mobile, AL Office/Retail Space Available
      104 St Francis St, Mobile, AL 36602
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    508 Dauphin St
    Mobile, AL 36602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    508 Dauphin St, Mobile, AL, 36602
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!