504 Western DrMobile, AL 36607

Property Details for 504 Western Dr

Year built

1974

Lot size

0.24 AC

Property size (Sq ft)

2,415 SF

Property type

Office buildings

APN

29 03 07 4 003 091.XXX

APU

2903074003091XXX

Description

This 2,800 square foot single-tenant office/warehouse space is ideally situated in Mobile, Alabama, at 504 Western Dr, 36607. Zoned I-1 Light Industry, this property is perfect for a variety of businesses, including small contractors, service companies, medical equipment firms, or landscaping businesses. The convenient location offers easy access to I-65, Moffett Road, and Springhill Avenue. The office area boasts approximately 1,000 square feet and features a reception area with a glass partition, three to four private offices, a conference room, two restrooms, and a break room. Recent updates include new carpeting and paint throughout the office space. The warehouse component comprises approximately 1,800 square feet and includes one ground-level loading door and a dedicated restroom. This move-in ready space presents a fantastic opportunity for a business seeking a functional and well-maintained office and warehouse combination in a prime Mobile location. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $327,075

  6.5%

  $301,915

  7%

  $280,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $163,452

  Geo Method

  $171,682

• Alternative Use

  Use

  Valuation

  Residential

  $374,375

  Hospitality

  $342,925

  Educational

  $285,310

  Medical

  $295,122

  Retail

  $443,815

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.7057

Longitude

-88.1145

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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