1201 Montlimar DrMobile, AL 36609

Property Details for 1201 Montlimar Dr

Year built

1987

Lot size

4.18 AC

Property size (Sq ft)

43,962 SF

Property type

Office buildings

APN

28 07 25 3 000 001.002

APU

2807253000001002

Description

Gateway Center West, located at 1201 Montlimar Dr, Mobile, AL 36609, offers a unique multi-tenant office/warehouse/flex space opportunity. This single-story, masonry building, constructed in 1987, encompasses a total of 42,695 square feet, with 3,345 square feet currently available. The property sits on a 4.31-acre lot in Mobile County and features a sprinkler system. Ceiling heights vary, reaching 8'6" +/- finished and 14" +/- to bar joists, providing ample vertical space. Suite 100, measuring approximately 3,445 square feet, is currently available. The building offers a combination of conditioned and unconditioned storage/warehouse space, convenient rear loading access, and extensive parking. Parking is estimated at 200+ spaces, with a ratio of approximately 5 spaces per 1,000 square feet. This property presents a versatile solution for businesses requiring a blend of office and warehouse functionality. The property's location in Mobile, Alabama, provides easy access to major transportation routes.

• CAP approach

  CAP return

  Valuation

  6%

  $6,971,560

  6.5%

  $6,435,286

  7%

  $5,975,623

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,353,460

  Geo Method

  $3,125,258

• Alternative Use

  Use

  Valuation

  Residential

  $7,979,754

  Hospitality

  $7,309,412

  Educational

  $6,081,346

  Medical

  $6,290,492

  Retail

  $9,459,871

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6651

Longitude

-88.1326

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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