Office

808 Spring Hill Ave

mobile, al, 36602, mobile, AL 36602

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Very Low Confidence

Low

$58.44/SF

Mid

$68.75/SF

High

$79.06/SF

Tier Used

peer_city_transfer

Transferred from peer market indianapolis (similarity: 100%) with 19 comparable listings.

Peer market: indianapolis (100% similarity)

Tier Resolution Trace

Tier 1insufficient_data

Tier 2insufficient_data

Tier 3insufficient_data

Tier 4successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$68.75/SF	—	peer_city_transfer
Utilities	—	4.0¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1172/wk	BLS QCEW

Source Provenance (1)

Source	Type	Count	Year	Freshness	Peer
Peer City Transfer	economic_similarity	19	—	real-time	indianapolis (100%)

Data sources used

peer_city_transfer

Description

808 Springhill Avenue presents a rare opportunity to acquire a full city block in downtown Mobile. With strong visibility along both Springhill Avenue and St. Louis Street, this property is ideally positioned for multifamily or townhome development. Its flexible SWHD zoning also provides excellent potential for a signature mixed-use or institutional redevelopment.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

mobile, al, 36602, mobile, AL 36602

Leaflet © OpenStreetMap contributors

Market Context

As of Q4 2023, the Mobile office market showed average asking rents near $20.16/SF/yr. Source: multiple brokerages Q4 2023 market report.

Projected current pricing

indicative confidence

Projected asking rent

$20.16/SF/yr

Estimated sale value

$108–$183/SF

Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Mobile office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q4 2023 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent held flat).

View the full Mobile Office market report →

Compare it against other office listings for sale in Mobile, AL to benchmark pricing and space — view the full market.

Unified Estimate

Very Low Confidence

$25.74/SF-$34.82/SF

Mid: $30.28/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market indianapolis (similarity: 100%) with 19 comparable listings.

Sale Price History

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/yr) (market data)

Market asking rent (quarterly avg)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.