Technical
Financial
Distress signals
Property profile

100 Florida St Mobile, AL 36607

OFF-MARKET
Grocery and convenience stores
Property ID
US03-1845141
41,441 SF 9.29 ac lot Built 2018
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 62,335 square foot retail center, built in 2018, presents a prime opportunity for businesses seeking high-visibility locations in Mobile County. Currently, two suites are available, offering flexible space options ranging from a minimum of 845 square feet to a maximum contiguous space of 2,355 square feet. The property boasts a total of two suites, with 2,355 square feet currently vacant and ready for immediate occupancy. The center is strategically positioned less than two miles from Interstate 65, ensuring excellent accessibility and high traffic volume. Its prominent location, coupled with the presence of a Publix supermarket as an anchor tenant, guarantees significant foot traffic and brand recognition. The building's modern design and convenient layout make it ideal for a variety of retail uses, including restaurants and medical facilities. The property is situated near Florida Street, further enhancing its visibility and accessibility. This is an exceptional opportunity to establish or expand your business in a thriving retail environment. The minimum divisible space is 845 square feet, providing flexibility for smaller businesses, while the larger contiguous space offers ample room for expansion or multi-tenant occupancy. This property offers a unique blend of convenience, visibility, and established tenancy, making it an attractive investment for discerning businesses.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2018
Total area 41,441 SF
Lot 9.29 ac (404,890 SF)
APN 29 07 23 0 003 304.XXX
UPID US03-1845141

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Credit Union
  • General Contractor Renovation Specialist
  • Credit Union
  • Restaurant
  • Physician

Location

100 Florida St Mobile, AL 36607-3010
Mobile metro Census 2502 MOBILE, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.58M
CAP Approach CAP
$8.44M
Comparable Approach Comparable
$11.71M
Blend (final) Blend
$13.49M

Owner & transaction history

since 2021
Last sale
$17.5M
2 recorded transactions
2021
$17.5M
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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