6001 Airport BlvdMobile, AL 36609

Property Details for 6001 Airport Blvd

Year built

1984

Lot size

1.13 AC

Property size (Sq ft)

10,584 SF

Property type

Medical offices

Property subtype

Medical centers

APN

28 08 28 1 002 004.XXX

APU

2808281002004XXX

Description

This single-story, 10,993 square foot medical office building, situated on a 1.14-acre lot in Mobile, Alabama, presents a compelling investment opportunity. Constructed in 1984 and renovated in 1988, the Class C property boasts 25 units and is conveniently located on Airport Boulevard, between University Boulevard and Hillcrest Road, at a signalized intersection with Pinemont Drive, ensuring high visibility. The building features a basement offering ample storage space, which could also be adapted for additional office use. Currently, the building is occupied, with the lease expiring at the end of July 2024, presenting a unique opportunity for immediate occupancy or lease. The property is zoned B-1 and offers a land value of $13-$14 per square foot. The asking price is $1,750,000. This property is ideal for medical professionals seeking a well-established location with high traffic visibility or investors looking for a strong return on investment in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,678,427

  6.5%

  $1,549,317

  7%

  $1,438,651

• Comparable approach

  Method

  Valuation

  Relative Method

  $807,357

  Geo Method

  $752,417

• Alternative Use

  Use

  Valuation

  Residential

  $1,921,153

  Hospitality

  $1,759,766

  Educational

  $1,464,104

  Medical

  $1,514,457

  Retail

  $2,277,496

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6756

Longitude

-88.1805

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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