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    4080 Government Blvd Mobile, AL 36693

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    4080 Government Blvd Mobile, AL 36693

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    • Commercial real estate
    • 6,750 SF
    • 0.56 lot acres
    For Sale
    $680,000
    View Listing →
    Mobile Office Building Investment For Sale
    $680,000
    6,750 SF

    Mobile Office Building Investment

    Prime multi-tenant office building, high income potential.

    4080 Government Blvd, Mobile, AL 36693
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lavan Dental Solutions LLC / Dental Office

    Property Details for 4080 Government Blvd

    Year built
    1962
    Lot size
    0.56 lot acres
    Property size
    6,750 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a 6,750 square foot multi-tenant office building located at 4080 Government Boulevard in Mobile, Alabama. Situated on a 0.56-acre lot in the desirable Skyline area, this property boasts convenient access to major roadways including I-65, I-10, and Highway 90. The building features modern glass and brick construction, a new roof installed in 2017 with a 20-year warranty, and is zoned B-2. The seven individual units range in size from 675 to 1125 square feet. Currently, six of the seven units are leased, generating a substantial annual income of $65,100. A vacant 900 square foot unit is available for lease at $950 per month, offering the potential for an owner-occupant suite or additional rental income, projecting a fully leased annual income of $76,500. Each unit includes a reception area, private offices, kitchenettes, restrooms, and ample parking. The building offers both front and rear entrances for tenant convenience. The seller reports only one month of lost rental income in the past three years, highlighting the property's strong performance and tenant stability. This property is an ideal investment for those seeking a reliable, income-generating asset with low maintenance requirements and a prime location.

    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
    -88.1438
    Latitude
    30.6368

    Comparable in this City

    • Value Estimation
      $4,420,000
      37,582 SF

      3851 Government Blvd

      COMMERCIAL (GENERAL) • 37,582 SF
      3851 Government Blvd, Mobile, AL 36693-4314
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    • Value Estimation
      $1,025,000
      10,460 SF

      826 Lakeside Dr

      COMMERCIAL (GENERAL) • 10,460 SF
      826 Lakeside Dr, Mobile, AL 36693-5124
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    • Value Estimation by Request
      2,993 SF

      1770 65th Service S Rd

      COMMERCIAL (GENERAL) • 2,993 SF
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    • Value Estimation by Request
      2,526 SF

      34 Cmn Area Lots, Unit 33

      COMMERCIAL (GENERAL) • 2,526 SF
      34 Cmn Area Lots, Mobile, AL 36693
      View Details
    • Value Estimation by Request
      3,282 SF

      3762 Government Blvd

      COMMERCIAL (GENERAL) • 3,282 SF
      3762 Government Blvd, Mobile, AL 36693-4311
      View Details
    • Value Estimation by Request
      6,140 SF

      715 Lakeside Dr

      COMMERCIAL (GENERAL) • 6,140 SF
      715 Lakeside Dr, Mobile, AL 36693
      View Details

    Similar Nearby for Sale

    • $680,000
      6,750 SF

      Mobile Office Building Investment

      Prime multi-tenant office building, high income potential.
      4080 Government Blvd, Mobile, AL 36693
      View Details
    • $150,000
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      Prime Commercial Lot For Sale

      1.63-acre commercial lot with high visibility and accessibility.
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      Automotive Facility Fronting I-65

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      Industrial Land Parcels Available

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      Office Building on 1.58 Acres

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    Similar Nearby for Lease

    • $25 SF/Yr
      3,000 SF

      Mobile Retail Space - High Traffic Area

      Former Wendy's, 3000 sq ft, NNN Lease
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      Prime Mobile Office Space Available

      High-visibility office suite, ideal location.
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    • $9 SF/Yr
      4,636 SF

      Mobile Warehouse - Ideal Location

      Versatile warehouse space near I-65 & Mobile Airport.
      732 Lakeside Dr, Mobile, AL 36693
      View Details
    • Contact for pricing

      Prime I-65 Frontage Land

      Ground lease available on high-traffic I-65 service road.
      2060 Service Road S, Mobile, AL 36693
      View Details
    • $10 SF/Yr
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      Retail Space on Government Blvd

      Retail space available for lease on Government Boulevard.
      3747 Government Blvd, Mobile, AL 36693
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    • $10 SF/Yr
      1,550 SF

      Mobile Office Space - Hwy 90

      Prime Mobile office, 1550 sq ft.
      4130 Government Blvd, Mobile, AL 36693
      View Details
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    Mobile, AL 36693
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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.

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