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Property profile & analytics
FOR SALE
Office buildings

960 Schillinger Rd S Mobile, AL 36695

2,567 SF 0.55 ac lot Built 1979
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-0761348
Property summary
AI-generated overview

Palmetto Square offers 5,000 square feet of prime retail space for lease, situated on Mobile's Schillinger Road, a main retail corridor. This single-building property features two available spaces, each a minimum of 2,500 contiguous square feet. The location boasts exceptional visibility and high traffic counts exceeding 40,000 vehicles daily. This is an excellent opportunity for businesses seeking a prominent location with significant foot traffic. The property benefits from its strategic position directly across the street from a newly constructed Aldi grocery store, a Panda Express restaurant, and a new apartment complex, ensuring a strong customer base and high potential for business success. The available space is ideal for a variety of retail uses, providing ample room for a diverse range of businesses to thrive. The property's location on a major thoroughfare guarantees significant exposure to potential customers, making it an attractive option for businesses seeking maximum visibility and accessibility. Interested parties should inquire for further details and leasing options. The total vacant space is 5,000 square feet, divisible into units of at least 2,500 square feet.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 2,567 SF
Lot 0.55 ac (24,002 SF)
APN 28 03 07 3 000 016.003
UPID US03-0761348
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
  • Lendmark Financial Services LLC Loan Service
  • Charm Thai Kitchen & Sushi Bar Restaurant
  • Up n smoke (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Cheveu Salon Hair Salon
  • Nails Couture Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Burt Blair Agency LLC · 7 yrs held
Burt Blair Agency LLC
since 2019
2 recorded transactions
2019
$170,000
2005
$27,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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