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    1411 government street Mobile, AL 36604

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 1411 government street

    Year built
    1953
    Property type
    Office Properties & Spaces
    Property subtype
    Residential offices

    Description

    This exceptional 2,391-square-foot office building presents a unique investment opportunity in Mobile, Alabama's desirable Old Dauphin Way Historic District. Situated on a large 0.5178-acre lot, this property boasts a recently replaced roof (2024), a generator, and convenient features including a handicap-accessible ramp, ample parking with an added driveway for easy ingress and egress. The building's versatile layout offers potential for both residential and commercial use, potentially accommodating multiple tenants. Separate security systems and entrances are already in place, enhancing the multi-tenant possibilities. The interior features a fresh coat of neutral paint. A detached shop with power is located in the fenced backyard, adding further utility and potential. The property's prime commercial zoning and location off Government Street make it an attractive proposition for a variety of uses. All information is provided as-is; buyers are encouraged to independently verify all details and measurements. This is a rare opportunity to acquire a well-maintained, historically significant property with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    State
    Alabama

    Comparable in this City

    • $425,000
      6,690 SF

      Midtown Mobile Office Building

      Renovation Opportunity: 6,584 SF Office Building
      1409 Government St, Mobile, AL 36604
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    • $159,000
      0.16 Acres

      Corner Mixed-Use Property in Mobile

      Highly visible corner commercial property with adaptable layout in thriving area.
      1401 Spring Hill Ave, Mobile, AL 36604
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    • $1,495,000
      11,000 SF

      Midtown Mobile Investment Opportunity

      11,000 SF Vacant Building, High Traffic
      150 Ann St, Mobile, AL 36604
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    • $425,000
      6,584 SF

      Midtown Mobile Office Building

      6,584 SF Office, Vacant, $425K
      1409 Government St, Mobile, AL 36604
      View Details
    • $425,000
      6,584 SF

      Midtown Office Building For Sale

      Midtown office building with renovation potential and high visibility.
      1409 Government St, Mobile, AL 36604
      View Details
    • $259,000
      0.17 Acres

      Mixed-Use Building with Parking Lot

      Commercial property on Springhill Avenue with parking, ideal for businesses.
      1403 Spring Hill Ave, Mobile, AL 36604
      View Details

    Similar Nearby for Sale

    • $425,000
      6,690 SF

      Midtown Mobile Office Building

      Renovation Opportunity: 6,584 SF Office Building
      1409 Government St, Mobile, AL 36604
      View Details
    • $159,000
      0.16 Acres

      Corner Mixed-Use Property in Mobile

      Highly visible corner commercial property with adaptable layout in thriving area.
      1401 Spring Hill Ave, Mobile, AL 36604
      View Details
    • $1,495,000
      11,000 SF

      Midtown Mobile Investment Opportunity

      11,000 SF Vacant Building, High Traffic
      150 Ann St, Mobile, AL 36604
      View Details
    • $425,000
      6,584 SF

      Midtown Mobile Office Building

      6,584 SF Office, Vacant, $425K
      1409 Government St, Mobile, AL 36604
      View Details
    • $425,000
      6,584 SF

      Midtown Office Building For Sale

      Midtown office building with renovation potential and high visibility.
      1409 Government St, Mobile, AL 36604
      View Details
    • $259,000
      0.17 Acres

      Mixed-Use Building with Parking Lot

      Commercial property on Springhill Avenue with parking, ideal for businesses.
      1403 Spring Hill Ave, Mobile, AL 36604
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      11,200 SF

      Midtown Mobile Office Space Available

      11,200 SF Class A Office Building for Lease
      1668 Government St, Mobile, AL 36604
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    • $4,200 /Mo
      4,104 SF

      Prime Mobile Office Space - Government St.

      Spacious 4,104 sq ft office, ideal location.
      1306 Government St, Mobile, AL 36604
      View Details
    • $425,000
      2,951 SF

      Renovated Office Space on Springhill

      Completely renovated historic office building near downtown Mobile.
      1327 Spring Hill Ave, Mobile, AL 36604
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    • $6,200 /Mo
      4,046 SF

      Standalone Office Building Near Downtown

      4,046 SF office building near downtown Mobile, Alabama.
      920 Dauphin St, Mobile, AL 36604
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    • $12 SF/Yr
      8,450 SF

      Mobile Medical Office Suite 202

      Prime Medical Office Space, Mobile, AL
      1509 Government St, Mobile, AL 36604
      View Details
    • $15 SF/Yr
      1,250 SF

      Midtown Location with Drive-Thru

      Midtown Mobile location suitable for office or retail with drive-thru.
      1054 Dauphin St, Mobile, AL 36604
      View Details
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    1411 government street
    Mobile, AL 36604
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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