1111 Hillcrest RdMobile, AL 36695

Property Details for 1111 Hillcrest Rd

Year built

1990

Lot size

1.49 AC

Property size (Sq ft)

24,474 SF

Property type

Office properties

Property subtype

Office buildings

APN

28 08 28 3 000 067.XXX

APU

2808283000067XXX

Description

This exceptional 22,500-square-foot executive office building in Mobile, Alabama, presents a compelling investment opportunity. Located at 1111 Hillcrest Road, this single-story Class B building sits on a 1.49-acre lot and boasts a prominent street presence along Hillcrest Road, offering approximately 325 feet of frontage. The property is currently 100% occupied under a triple-net (NNN) lease with multiple tenants. The asking price is $1,395,000, translating to $62 per square foot. Recent exterior renovations enhance the building's curb appeal, featuring attractive brick and stucco construction. Convenient amenities include a common area entrance, front and rear stairwells, an elevator, ample parking, and well-maintained landscaping, complemented by a monument sign for excellent visibility. The B2 zoning allows for a variety of uses. This property is ideally suited for an owner-occupant seeking additional rental income and potential expansion space, making it a rare find in the West Mobile market. The building's size, location, and current occupancy make it an attractive investment with strong potential for future growth. The property is situated in Mobile County, Alabama, with a zip code of 36695.

• CAP approach

  CAP return

  Valuation

  6%

  $3,881,124

  6.5%

  $3,582,576

  7%

  $3,326,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,866,898

  Geo Method

  $1,739,857

• Alternative Use

  Use

  Valuation

  Residential

  $4,442,394

  Hospitality

  $4,069,209

  Educational

  $3,385,534

  Medical

  $3,501,968

  Retail

  $5,266,386

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.666

Longitude

-88.1901

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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