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Property profile & analytics
OFF-MARKET Estimated value $56,280,000
Office buildings

11 Water St Mobile, AL 36602-3809

466,683 SF 2.47 ac lot Built 2007
Entity Owned 22-yr Hold Free & Clear
Property ID
US03-0731965
Property summary
AI-generated overview

Located on the 10th floor of Mobile's tallest building, this Class A office space offers breathtaking city views. The 13,086 square foot building features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. Renovated in 2019, the building includes elevators and offers a variety of flexible workspace options, including fully furnished private offices, customizable to suit individual business needs. Coworking spaces are designed for collaboration, and state-of-the-art meeting rooms are available, complete with technological amenities and catering services. Virtual office solutions are also provided, encompassing mail forwarding and call answering services. Flexible membership options cater to diverse work styles, granting access to a global network of workspaces. The building's central location within a thriving business community provides easy access to the Conde Charlotte Museum and Exploreum Science Centre, both less than a mile away. Pricing is variable, depending on the chosen services and space requirements. This property is ideal for businesses seeking a prestigious address and adaptable workspace solutions in the heart of Mobile, Alabama.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Total area 466,683 SF
Lot 2.47 ac (107,593 SF)
APN 29 06 40 0 002 195.XXX
UPID US03-0731965
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bea Stefany L Law Firm
  • Darnely Cooper Lisa Law Firm
  • Legal Evidence Corp IT Consulting Firm Tech Support Center
  • Lemoine Law Firm Law Firm
  • Mc Gowin T Bruce Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$56.26M
Blend (final) Blend
$56.28M
Owner & transaction history
EMPLOYEES RETIREMENT SYSTEM OF ALABAMA &
EMPLOYEES RETIREMENT SYSTEM OF ALABAMA &
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $93.2M +12.4%
Medical building $90.1M +8.7%
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