1206 Montlimar Dr Mobile, AL 36609-1756
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.