1142 Montlimar DrMobile, AL 36609

Property Details for 1142 Montlimar Dr

Year built

1998

Construction

FRAME

Lot size

0.60 AC

Property size (Sq ft)

6,381 SF

Property type

Office buildings

APN

28 07 25 3 000 001.007

APU

2807253000001007

Description

This exceptional 6,300 square foot office building in Mobile, Alabama, presents a fantastic investment opportunity. Situated on a 0.6-acre lot, the property boasts numerous recent upgrades completed within the last four years. These improvements include a refreshed exterior with repainted and resealed stucco, updated gutters and downspouts, and a new metal roof. The interior has also been meticulously maintained, featuring fresh paint and new flooring throughout. The flexible floor plan offers a variety of workspace configurations, including private offices, open-plan areas, and glass-walled offices. The building is thoughtfully designed with separate upstairs and downstairs spaces, each serving distinct functions. A large conference room (currently used as multiple offices) provides ample space for meetings or collaborative work. Convenient amenities include a full kitchen on the ground floor and a breakroom upstairs. Ample parking is available both in front and behind the building. The current tenant is paying $6,300 per month and is open to remaining or vacating to accommodate a new owner's needs. This property is ideally suited for a variety of businesses seeking a well-maintained, updated space with excellent parking in a desirable Mobile location. The asking price is $875,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,011,909

  6.5%

  $934,069

  7%

  $867,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $486,748

  Geo Method

  $453,625

• Alternative Use

  Use

  Valuation

  Residential

  $1,158,246

  Hospitality

  $1,060,947

  Educational

  $882,696

  Medical

  $913,053

  Retail

  $1,373,082

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6671

Longitude

-88.1338

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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