2565 Government BlvdMobile, AL 36606

  • Retail properties
  • 10,065 SF
For Lease
$5/SF/YR View listing

Property Details for 2565 Government Blvd

Year built
1986
Lot size
0.57 AC
Property size (Sq ft)
10,065 SF
Property type
Retail properties
Property subtype
Other retail properties
APN
29 09 29 2 000 108.XXX
APU
2909292000108XXX

Description

This Mobile, Alabama industrial property, located at 2565 Government Blvd, zip code 36606, offers a unique opportunity for businesses seeking flexible space. The 10,000 square foot building, constructed in 1986, is currently multi-tenant and features a variety of options for lease. Units range from a minimum of 1,250 square feet to a maximum contiguous space of 3,752 square feet. Currently, there is 7,502 square feet of vacant space available, ideal for a variety of uses given its flex/warehouse subtype. The property is situated in Mobile County and benefits from convenient access to major transportation routes (specific details not provided). This property is perfect for businesses needing adaptable space to accommodate their specific needs, whether it's storage, light manufacturing, or retail. The building's age provides an established presence in the area, while the available space allows for customization and growth. Interested parties should inquire about lease terms and availability. The property is classified as industrial with flex and warehouse subtypes, also including retail.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,003,830
    6.5%
    $1,849,689
    7%
    $1,717,568
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,716,672
    Geo Method
    $1,803,112
  • Alternative Use

    Use
    Valuation
    Residential
    $1,560,282
    Hospitality
    $1,429,210
    Educational
    $1,189,086
    Medical
    $1,229,980
    Retail
    $1,849,689
2565 Government Blvd, Mobile, Alabama

Location Insight

City
Mobile
County
Mobile
State
Alabama
Latitude
30.6696
Longitude
-88.1018
CBSA code
33660
CBSA name
MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,814
$12,500
$45,580
$58,080
-
$62,500
$227,900
$290,400

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