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Property profile & analytics
OFF-MARKET Estimated value $1,225,000
Warehouses

1206 Montlimar Dr Mobile, AL 36609-1756

15,000 SF 1.5 ac lot Built 2005
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-3115774
Property summary
AI-generated overview

This exceptional Class A, multi-tenant office building presents a compelling investment opportunity. Located at 1206 Montlimar Dr, Mobile, Alabama 36609, this 15,200 square foot property boasts a prime location with excellent visibility and accessibility, featuring 4-lane frontage and proximity to I-65. Built in 2010, the single-story building comprises six individual units, each currently leased under a triple-net (NNN) lease agreement. The property enjoys 100% occupancy, generating a strong and consistent cash flow. With six tenants in place, the risk is mitigated by the diversified tenant base. The asking price is $1,350,000, translating to $88.82 per square foot. The property is zoned B3, and ample parking is available with 45 spaces provided. This turnkey investment offers a stable income stream and significant potential for future appreciation in a thriving Mobile, Alabama market. The property's upscale design and convenient location make it an attractive option for a variety of businesses. This is a rare opportunity to acquire a fully occupied, high-performing commercial property in a desirable location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2005
Total area 15,000 SF
Lot 1.5 ac (65,253 SF)
APN 28 07 25 3 000 001.06X
UPID US03-3115774
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
  • Gulf Coast Tax Service LLC Accounting Firm Tax Preparation
  • SURGE Staffing Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.32M
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$1.23M
Owner & transaction history
Stbn Properties LLC · 1 yrs held
Stbn Properties LLC
since 2025
Last sale
$1.2M
7 recorded transactions
2025
$1.2M
2020
Price N/A
2017
Price N/A
2009
$1.4M
2005
$240,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.4M +51.2%
Commercial (general) $1.3M +40.7%
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