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Property profile & analytics
FOR SALE
Sports & entertainment properties

808 Spring Hill Ave Mobile, AL 36602

10,495 SF 1.17 ac lot
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US03-0482720
Property summary
AI-generated overview

This exceptional creative office property, located at 808 Springhill Ave. in Mobile County, offers a unique opportunity for businesses seeking a substantial and versatile workspace. The property encompasses an entire city block, providing ample space and privacy. With a total of 13,500 square feet available, this single-tenancy building is ideal for a company requiring a large footprint. The flexible layout allows for customization to suit specific business needs, making it perfect for creative industries. On-site fenced parking is included, ensuring convenient and secure parking for employees and clients. The location is highly desirable, boasting close proximity to a wide array of amenities, including numerous restaurants, bars, hotels, and gas stations, providing convenience and a vibrant atmosphere for employees. Furthermore, this property is situated within an opportunity zone, potentially offering significant tax advantages. The space is ready for immediate occupancy, presenting a rare chance to secure a prime location in a thriving area. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is available in sizes ranging from 2,400 to 13,500 square feet.

Property profile
Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Total area 10,495 SF
Lot 1.17 ac (50,791 SF)
APN 29 06 40 0 010 039.XXX
UPID US03-0482720
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$832k
Blend (final) Blend
$795k
Owner & transaction history
24/7 Dev Ptrs Of Alabama LLC · 7 yrs held
24/7 Dev Ptrs Of Alabama LLC
since 2019
3 recorded transactions
2019
$650,000
2018
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $885,000 +86.7%
Warehouse, storage $670,000 +40.7%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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