Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Website: http://www.southalabamamls.com Telephone: 251-928-1708 Fax: 251-928-1046 E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Mobile and Baldwin County Office Properties for Lease and For Sale Winter 2012 “Data you can use.” “Education you can use” This report is available on the Center for Real Estate Studies (CRES) website: http://cres.southalabama.edu/ University of South Alabama Mitchell College of Business Center for Real Estate Studies USA takes reasonable measures to ensure the quality of the data and other information produced. However, USA makes no warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, or completeness of any information, nor represents that its use would not infringe on privately owned rights. Reference to any specific commercial product, process, or service does not constitute an endorsement, recommendation, or favoring by USA. Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Website: http://www.southalabamamls.com Telephone: 251-928-1708 Fax: 251-928-1046 E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Introduction The following report is one of four commercial reports generated by the Mitchell College of Business Center for Real Estate Studies. This report contains information for Winter 2012 Office Properties Readers should remember that the data covers advertised "for lease" and "for sale" data only. Final Sale information is excluded. The information source for the Industrial data is the Commercial Property Directory, Birmingham, AL. www.commercialpropertydirectory.com In addition to the Office report, three other commercial reports (Land, Industrial and Retail) can be found on the Center for Real Estate Studies website: http://cres.southalabama.edu Note: This data covers only properties advertised for lease and for sale as an indication of current market activity. They do not represent the total inventory. For example, the building s.f. represents only buildings that are advertised with available space. Owneroccupied property is excluded, also. For additional information, please contact: Don Epley, Director, Center for Real Estate Studies Phone: (251 ) 460-6735 Email: depley@usouthal.edu The data for this report was completed by: Susan Grimsley, Research Associate Mitchell College of Business Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Website: http://www.southalabamamls.com Telephone: 251-928-1708 Fax: 251-928-1046 E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Mobile and Baldwin County Office Properties For Lease and For Sale Winter 2012 Table of Contents Introduction Page - 2 Report Summary Page - 4 List of Zip Codes Page - 5 Table 1: Asking Lease Rate per Square Foot (S.F.) by Zip Code Page - 7 Table 2: Vacancy Rate by Property Selective Statistics Page - 12 Table 3: Total Market of Office Properties Advertised for Lease Page - 17 Table 4: Advertised Sales Price per S.F. by Zip Code Page - 27 Table 5: Sales Price per S.F. by Zip Code Page - 31 Table 6: Total Market of Office Properties Advertised for Sale Page - 35 Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Website: http://www.southalabamamls.com Telephone: 251-928-1708 Fax: 251-928-1046 E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Report Summary 2012 Advertised Office Properties for Lease: Total Properties Listed ……………………..… 179 Asking Lease Rate per S.F. …………………. Median $12.00 on 119 Properties Reporting Total S.F. …………………………………………….. Median 6,000 on 129 Properties Reporting Total S.F. ………………………………………….. 2,569,487 on 129 Properties Reporting Total Available S.F. ……………………………… 1,092,867 on 156 Properties Reporting Available S.F. …………………………………………Median 3,570 on 156 Properties Reporting 2012 Advertised Office Properties for Sale: Total Properties Listed …………………………114 Sales Price ……………………………………………Median $439,000 on 111 Properties Reporting Building S.F. ………………………………………… Median 6,000 on 75 Properties Reporting Sales Price per Building S.F. ………………… Median $81.16 on 72 Properties Reporting Site S.F. ………………………………………………. Median 5,070 on 89 Properties Reporting Sales Price per Site S.F. …………………………Median $80.12 on 86 Properties Reporting Baldwin County Zip Codes and Area Code Zip Code City Area Code 36502 36507 36511 36526 36527 36530 36532 36535 36542 36549 36550 36551 36555 36561 36562 36567 36574 36576 36578 36579 36580 Atmore Bay Minette Bon Secour Daphne Spanish Fort Elberta Fairhope Foley Gulf Shores Lillian Little River Loxley Magnolia Springs Orange Beach Perdido Robertsdale Seminole Silverhill Stapleton Stockton Summerdale 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 251 Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Telephone: 251-928-1708 Fax: 251-928-1046 Website: http://www.southalabamamls.com E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Mobile and Baldwin County Office Properties Advertised For Lease Winter 2012 Table 1. Asking Lease Rate per S.F. by Zipcode Zip Code 36507 36606 36610 36526 36606 36610 36507 36507 36507 36507 36507 36507 36507 36507 36526 36526 36526 36526 36526 36526 36532 36532 36532 36532 36532 Asking Lease S.F. Total Advertised S.F. 1,200 $12.00 $12.00 $25.00 $2.75 $4.85 $11.00 $7.00 $9.60 $11.08 $10.00 14,271 3,500 60,000 7,300 3,540 3,540 3,540 3,540 3,540 7,440 4,821 589 2,612 5,000 2,100 1,500 2,243 1,300 3,200 12,500 36532 36532 36535 36535 36535 36535 36542 36651 36609 36606 36602 36602 36602 36602 36602 36602 36695 36609 36618 36606 36608 36606 36609 36606 36609 36606 36602 36695 36693 36695 36609 36606 36609 36609 36688 36695 36695 36602 36609 36609 36606 $15.50 $19.50 $12.00 $10.70 $10.67 36,566 5,070 6,000 7,898 $5.50 $10.00 $17.50 $17.50 $3.50 $10.50 $16.00 $12.00 $16.00 $10.00 $17.00 $12.00 $12.99 $13.33 $12.50 $10.00 $10.00 20,000 80,000 14,500 40,000 13,200 7,716 105,226 29,070 174,321 4,060 8,946 1,800 4,740 10,300 7,700 2,040 $5.00 $13.50 $13.50 $14.00 $14.00 $14.00 $18.00 $9.20 $12.00 $8.00 $10.00 $13.50 $10.00 8,000 1,040 127,766 117,565 55,944 99,616 3,696 3,250 19,000 11,100 36602 36695 36603 36602 36602 36619 36606 36605 36693 36606 36606 36693 36609 36606 36606 36607 36607 36608 36695 36602 36609 36609 36609 36609 36609 36609 36602 36609 36602 36608 36693 36602 36693 36606 36602 36602 36693 36693 36602 36603 36606 $14.00 $10.45 12,132 4,932 20,000 $16.00 $12.00 $3.00 $10.00 $5.96 $4.50 2,000 5,600 200,000 770 9,060 9,600 $6.38 $8.07 $8.50 $8.50 $10.00 $15.00 $14.00 $12.00 $58.00 $16.00 $15.00 $15.00 $6.00 $12.00 $16.00 $8.50 $14.00 13,000 9,570 9,570 4,263 3,388 2,040 5,000 50,000 25,000 3,600 6,000 1,200 7,000 9,200 12,000 $16.00 $16.00 $12.00 284,000 1,500 4,800 36606 36602 36695 36619 36602 36606 36606 36606 36609 36602 36606 36693 36606 36602 36602 36607 36693 32577 36561 36567 36571 36590 36526 36609 36609 36527 36582 36526 36527 36526 36526 36532 36532 36536 36535 36535 36535 36535 36606 36606 36609 $10.28 $10.63 1,400 2,820 $7.00 7,500 $12.00 $14.00 $14.50 $14.25 $13.00 $17.50 $25.00 1,500 55,276 55,276 60,000 94,500 55,276 4,000 6,824 39,000 5,600 4,885 40,000 3,020 1,788 $12.00 $9.00 $4.50 $12.00 $16.00 $9.78 $2.50 6,000 12,000 4,400 6,000 12,000 4,150 1,533 1,533 7,625 1,170 $8.00 12,000 1,800 $12.00 $9.14 $6.00 $14.00 $13.00 6,560 32,391 2,150 3,795 36618 36695 36609 36693 36695 36618 36609 36609 36608 36606 36602 36609 36606 36619 36607 36561 36567 36567 36567 36571 36571 36619 36582 36582 36582 36582 36532 36532 36535 36551 36572 Median Properties Reporting $10.67 $13.25 $10.00 $8.67 $12.00 $6.98 $1.17 $5.91 $12.00 $10.00 $11.32 $12.00 $10.00 $12.00 1,836 27,000 4,000 1,800 7,750 3,048 5,000 21,800 6,000 3,600 1,200 $4.00 $13.25 $11.00 $8.40 $8.00 $8.00 6,300 $12.00 $12.00 8,750 3,100 7,600 5,700 9,000 3,600 6,000 119 129 $15.00 $10.00 Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Telephone: 251-928-1708 Fax: 251-928-1046 Website: http://www.southalabamamls.com E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Mobile and Baldwin County Office Properties Advertised For Lease Winter 2012 Table 2. Calculated Vacancy Rate by Zipcode Zipcode 36507 36606 36610 36526 36606 36610 36507 36507 36507 36507 36507 36507 36507 36507 36526 36526 36526 36526 36526 36526 36532 36532 36532 36532 36532 Total Advertised S.F. 1,200 14,271 3,500 60,000 7,300 3,540 3,540 3,540 3,540 3,540 7,440 4,821 589 2,612 5,000 2,100 1,500 2,243 1,300 3,200 12,500 Calculated Advertised Vacancy Rate Available S.F. (%) 3,000 7,276 4,666 3,500 60,000 2,400 1,260 7,300 3,540 3,540 3,540 3,540 3,540 32.70% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 4,821 100.00% 2,612 2,500 2,100 1,500 2,243 1,300 3,200 12,500 100.00% 50.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 36532 36532 36535 36535 36535 36535 36542 36651 36609 36606 36602 36602 36602 36602 36602 36602 36695 36609 36618 36606 36608 36606 36609 36606 36609 36606 36602 36695 36693 36695 36609 36606 36609 36609 36688 36695 36695 36602 36609 36609 36606 36,566 5,070 6,000 7,898 20,000 80,000 14,500 40,000 13,200 7,716 105,226 29,070 174,321 4,060 8,946 1,800 4,740 10,300 7,700 2,040 8,000 1,040 127,766 117,565 55,944 99,616 3,696 3,250 19,000 11,100 2,012 11,000 2,579 2,579 2,579 6,000 7,898 9,000 4,800 8,400 1,900 3,690 3,300 7,716 10,210 22,993 4,060 1,708 8,946 1,800 4,740 7,300 4,620 2,040 50,000 1,260 3,150 1,040 11,145 11,531 3,869 12,466 25,000 1,957 3,250 4,100 2,550 910 1,000 30.08% 50.87% 100.00% 100.00% 24.00% 10.50% 13.10% 25.00% 100.00% 35.12% 13.19% 100.00% 100.00% 100.00% 100.00% 70.87% 60.00% 100.00% 39.38% 100.00% 8.72% 9.81% 6.92% 12.51% 52.95% 100.00% 21.58% 22.97% 36602 36695 36603 36602 36602 36619 36606 36605 36693 36606 36606 36693 36609 36606 36606 36607 36607 36608 36695 36602 36609 36609 36609 36609 36609 36609 36602 36609 36602 36608 36693 36602 36693 36606 36602 36602 36693 36693 36602 36603 36606 12,132 4,932 20,000 2,000 5,600 200,000 770 9,060 9,600 13,000 9,570 9,570 4,263 3,388 2,040 5,000 50,000 25,000 3,600 6,000 1,200 7,000 12,132 4,932 9,800 20,000 10,000 2,000 5,600 100.00% 100.00% 770 9,060 2,400 1,050 3,200 2,300 5,200 9,570 9,570 1,475 3,388 2,040 7,769 11,985 8,850 5,000 11,600 7,350 25,000 1,800 1,500 750 1,200 62,632 7,000 100.00% 100.00% 25.00% 100.00% 100.00% 100.00% 40.00% 100.00% 100.00% 34.60% 100.00% 100.00% 100.00% 23.20% 100.00% 50.00% 25.00% 100.00% 100.00% 9,200 18,000 12,000 284,000 1,500 4,800 60,000 1,500 1,200 21.13% 100.00% 25.00% 36606 36602 36695 36619 36602 36606 36606 36606 36609 36602 36606 36693 36606 36602 36602 36607 36693 32577 36561 36567 36571 36590 36526 36609 36609 36527 36582 36526 36527 36526 36526 36532 36532 36536 36535 36535 36535 36535 36606 36606 36609 1,400 2,820 7,500 1,500 55,276 55,276 60,000 94,500 55,276 4,000 6,824 39,000 5,600 4,885 40,000 3,020 1,788 6,000 12,000 4,400 6,000 12,000 4,150 1,533 1,533 7,625 1,170 12,000 1,800 6,560 32,391 2,150 3,795 2,820 6,300 7,500 100.00% 5,327 3,838 2,395 23,000 412 9.64% 6.94% 3.99% 24.34% 0.75% 6,824 100.00% 2,800 4,885 12,903 3,075 50.00% 100.00% 32.26% 1,788 100.00% 2,928 6,000 10,000 4,400 100.00% 83.33% 100.00% 100.00% 12,000 1,200 4,150 1,533 100.00% 7,625 1,170 13,000 100.00% 100.00% 1,800 1,500 6,560 32,391 2,150 2,530 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 66.67% 36618 36695 36609 36693 36695 36618 36609 36609 36608 36606 36602 36609 36606 36619 36607 36561 36567 36567 36567 36571 36571 36619 36582 36582 36582 36582 36532 36532 36535 36551 36572 Total Median Properties Reporting 1,836 1,836 1,250 3,000 8,000 1,200 1,800 5,000 7,750 100.00% 3,048 5,000 21,800 530 1,500 3,100 1,800 3,600 100.00% 100.00% 100.00% 8.83% 1,200 20,000 1,750 4,300 1,050 2,600 100.00% 8,750 3,100 7,600 5,700 9,000 3,600 2,569,487 8,750 2,400 7,600 5,700 9,000 900 1,092,867 100.00% 77.42% 100.00% 100.00% 100.00% 25.00% 6,000 3,570 129 156 27,000 4,000 1,800 7,750 3,048 5,000 21,800 6,000 3,600 1,200 6,300 29.63% 30.00% 100.00% 100.00% 100.00% 16.67% . Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Telephone: 251-928-1708 Fax: 251-928-1046 Website: http://www.southalabamamls.com E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Mobile and Baldwin County Office Properties Winter 2012 Total Market of Office Properties Advertised For Lease Table 3. Zip Building Name Code 36507 Location 2121 Hwy 59/31 3.1 2121 N Highway 59 Acres Commercial 36606 Executive Park (801) 801 Executive Park 36610 Property on Paper Mill Road City Bay Minette 1 Ample Mobile 2 Free 2201 Paper Mill Road Mobile 36526 Daphne Plaza 905 Daphne Ave Daphne 36606 Airport Boulevard 3156 Airport Boulevard Mobile 1310 Telegraph 1310 Telegraph Road Road Corner of Hand Hand Avenue/East 1st 36507 Avenue and East 1st Street 36610 36507 Cottage Office Park 2402 Hwy. 31 S. Yr Yr # Prkg Built Reno Floors 1 1970 Mobile 1 Bay Minette 2 Total S.F. Price S.F. Avail S.F. 1,200 $12.00 3,000 $12.00 7,276 Ample 14,271 4,666 Free 3,500 $25.00 3,500 Free 60,000 $2.75 60,000 2,400 Bay Minette 2004 40170 Hwy 59 Bay Minette 1982 36507 Move In Condition! 2402 Hwy. 31 Bay Minette 1 3,540 3,540 36507 Move In Condition! 2402 Hwy. 31 Bay Minette 1 3,540 3,540 36507 Hwy 59/31 office/warehouse 1,260 1 Ample 7,300 $4.85 7,300 Agent Info Joe Steen 251-607-7880 Marl Cummings, Iii (251) 476-6000 Pete Riehm 251-438-4312 Greg Stallings 251-377-2903 Terry Mckinney 251-460-0910 Mike Mcaleer 251-473-7517 Adam Metcalfe (251) 432-2600 Sharon Wright 251-471-1000 Philip Hodgson 251-990-6622 Thomas Galloney 251-626-1970 Thomas Galloney 251-626-1970 36507 Move In Condition! 2402 Hwy. 31 Bay Minette 36507 Move In Condition!! 2402 Highway 31 Bay Minette 36507 Move In Ready! Bay Minette 36526 Daphne 98 Office Park Former Daphne Terminix Manci Building Space B 28520 Hwy 98 Bldg. for Lease Daphne Office Warehouse OFFICE SPACE FOR LEASE 910 Nichols Ave, Fairhope, Al 2402 S. Highway 31 1 1 3,540 3,540 3,540 3,540 3,540 Highway 98 Daphne 26125 Capital Drive Daphne 1 4,821 1745 Main Street Daphne 1 589 28520 Hwy 98 S Daphne 1985 1 2,612 2,612 25350 Friendship Rd Daphne 2004 1 5,000 2,500 1208 Hwy. 98 Unit B Daphne 1998 1 2,100 $7.00 2,100 910 Nichols Ave Fairhope 1 1,500 $9.60 1,500 101 Lottie Lane Fairhope 2007 2 Ample 2,243 19059 Greeno Rd. Fairhope 2005 1 Ample 1,300 10090 U.S. Hwy 98 Fairhope 1980 1 Free 3,200 Taupeka Office Building 329 Highway 98 Fairhope 1 Free 12,500 36532 Pelican Square 101 Lottie Lane Fairhope 2007 411 N Section Street Fairhope 2005 805 N. McKenzie St 36526 36526 36526 36526 36526 36532 36532 Pelican Square 36532 Fairhope Professional Office 36532 Hwy 98 Office 36532 Visionary USA Building Heritage Oaks 36535 Professional Center Heritage Oaks 36535 Professional Center Heritage Oaks 36535 Professional Center 36532 Free 3,540 Free 7,440 Free $11.00 4,821 2,243 $11.08 1,300 3,200 $10.00 12,500 $15.50 2,012 3 Free 36,566 $19.50 11,000 Foley 2 Free 5,070 $12.00 2,579 805 N. McKenzie St Foley 2 Free $10.70 2,579 805 N. McKenzie St Foley Free $10.67 2,579 Thomas Galloney 251-626-1970 Thomas Galloney 251-626-1970 Thomas Galloney 251-626-1970 Matt Cummings (251) 476-6000 Allan R. Cameron, Jr. (251) 438-4312 Terry Mckinney 251-460-0910 Joe Steen 251-607-7880 Philip Hodgson 251-990-6622 Thomas Galloney 251-626-1970 David Cooper (251) 639-4007 Philip Hodgson 251-990-6622 Philip Hodgson 251-990-6622 Philip Hodgson 251-990-6622 David Millstead 251-269-3664 Jeff Barnes 251-990-6622 Haran Hunter 251-981-2400 Philip Hodgson 251-990-6622 Philip Hodgson 251-990-6622 Philip Hodgson 251-990-6622 Hard Drive Office / Warehous Gulf Shores 36542 Professional Office 36535 36651 34009 Highway 59 9355 Hard Drive 956 Commerce Loop Foley Gulf Shores 2005 34009 Highway 59 Loxley Suite E Mobile 1980 2800 Dauphin Street Mobile 1978 5 Dauphin Street Mobile 1904 36602 305 Delchamps Dr. 305 Delchamps Drive Mobile 36602 3 Dauphin Street 3 Dauphin Street Mobile Two South Water Street Two South Water Street, 4th Floor Mobile 36602 3 Dauphin Street 3 Dauphin Street Mobile 36602 One St. Louis Centre 1 St Louis Street Mobile 36695 Hillcrest Square 1000 Hillcrest Road Mobile 36609 Montlimar Place 1110 Montlimar Drive Mobile 36609 4318 Downtowner Loop North 36606 Xante’ Center 36602 36602 THE BAYPORT BUILDING 1854 2005 1985 1979 1 Free 6,000 6,000 1 Ample 7,898 7,898 1 $5.50 9,000 Free 20,000 $10.00 4,800 Free 80,000 $17.50 8,400 14,500 $17.50 1,900 40,000 $3.50 3 $10.50 3,690 4 Free 13,200 $16.00 3,300 2 Not Availabl 7,716 $12.00 7,716 105,226 $16.00 29,070 $10.00 10,210 174,321 $17.00 22,993 4,060 $12.00 4,060 $12.99 1,708 1986 1986 36618 Moffett Road (3828) 3828 Moffett Road Mobile 1 36606 Heron Plaza 2504 Dauphin Street Mobile 1 36608 660 Zeigler Circle E 660 Zeigler Circle E Mobile 1987 1 8,946 36606 3252 Cottage Hill Rd 3252 Cottage Hill Rd Mobile 1992 1 1,800 $13.33 1,800 36609 709 Azalea Road 709 Azalea Road Mobile 1999 2 4,740 $12.50 4,740 1563 Springhill Ave. Mobile 10,300 $10.00 7,300 36606 Medical Office Building 1 Ample 8,946 Jeff Barnes 251-990-6622 Philip Hodgson 251-990-6622 Adam Metcalfe (251) 432-2600 David Stein (251) 342-1968 Brian Metcalfe (251) 432-2600 Brian Metcalfe (251) 432-2600 Brian Metcalfe (251) 432-2600 Ralph Neal, Iii (251) 602-1403 Ralph Neal, Iii (251) 602-1403 Ralph Neal, Iii (251) 602-1403 John Toomey 251-342-7229 John Toomey 251-342-7229 John Toomey 251-342-7229 Matt Cummings (251) 476-6000 Marl Cummings Iv (251) 476-6000 David Cooper (251) 639-4007 David Cooper (251) 639-4007 David Cooper (251) 639-4007 John Delchamps (251) 476-0808 36609 Hillcrest Office Park 36606 2300 Airport Blvd. 304 Government Street 851 E. I-65 Service 36695 Rd. S. 4080 Government 36693 Blvd. 7675-2 Cottage Hill 36695 Rd C-2 36602 6414 Hillcrest Park Court 2300-C Airport Boulevard Mobile 2004 1 7,700 Mobile $10.00 2,040 Mobile 851 E. Interstate 65 Service Rd. S. Mobile 4080 Government Blvd Mobile 7675-2 Cottage Hill Rd C-2 Mobile 36609 Bel Air Park 2970 Cottage Hill Road Mobile 1977 127,766 $13.50 11,145 36606 Hilton Square 3103 Airport Blvd. Mobile 1985 117,565 $14.00 11,531 36609 University Place Mobile 1985 Free 55,944 $14.00 3,869 36609 Mobile 1970 10 Free 99,616 $14.00 12,466 Mobile 2007 2 Free $18.00 25,000 Mobile 2002 1 3,696 $9.20 1,957 Mobile 1999 1 3,250 $12.00 3,250 36688 36695 36695 36602 1962 1 2004 Free $5.00 50,000 $13.50 1,260 8,000 3,150 1,040 1,040 1997 1 Free 19,000 $8.00 4,100 2002 2 Free 11,100 $10.00 2,550 Mobile $13.50 910 36606 328 South Sage Ave. 328 South Sage Ave. Mobile $10.00 1,000 36602 Fort Conde Village 200, 206 S Royal Street Mobile 7860 Cottage Hill Road Mobile 36609 36609 Omni Park Drive 36695 Former Terminix Building (CHR) 6159 Omni Park Drive Mobile 3 2,040 304 Government Street 820 University Boulevard 851 East I-65 Svc. Rd. Regions Bank Tower South USA Research & 775 N. University Blvd Technology Park 6425 Hillcrest Rd. 6425 Hillcrest Rd. Ste. C Ste. C 6420 Hillcrest Park 6420 Hillcrest Park Ct. Ct. 450 Government 458Government Street Street 1015 Montlimar B,C Montlimar Square and D 2005 4,620 Mobile 1989 2001 1 Free 12,132 $14.00 12,132 Ample 4,932 $10.45 4,932 John Delchamps (251) 476-0808 Adam Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Tony Cooper, Ccim (251) 639-4007 Tony Cooper, Ccim (251) 639-4007 Jason Scott (251) 342-7229 Jason Scott (251) 342-7229 Jason Scott (251) 342-7229 Jason Scott (251) 342-7229 Jason Scott (251) 342-7229 Angela Mcarthur (251) 639-4007 Angela Mcarthur (251) 639-4007 Michael Mcaleer (251) 432-1854 Tommy Gleason, Jr. (251) 342-1636 Tommy Gleason, Jr. (251) 342-1636 Tommy Gleason, Jr. (251) 342-1636 Allan R. Cameron, Jr. (251) 438-4312 Allan R. Cameron, Jr. (251) 438-4312 36603 36602 36602 36619 36606 Church Street Office/Warehouse Downtown Mobile Office for Sale or 202 Government Street Three Notch Road (6386) Dauphin Street (2513) Dauphin Island Parkway & I-10 805 Church Street Mobile Free 54-56 St. Emanuel Street Mobile 2 Leased 202 Government Street Mobile 3 Free 6386 Three Notch Road Mobile 2513 Dauphin Street Mobile 2 Mobile 9,800 20,000 20,000 $16.00 2,000 2,000 5,600 $12.00 1 200,000 $3.00 Mobile 1 770 $10.00 770 Mobile 2 Ample 9,060 $5.96 9,060 36606 3350 Halls Mill Road 3350 Halls Mill Road Mobile 1 Ample 9,600 $4.50 2,400 36693 901 Butler Drive Mobile Free Mobile Ample Mobile Ample 36605 36693 O'Neill Building 36606 36609 36606 36606 36607 36607 36608 63 Midtown Park East 733 West Lakeside Drive 2507 Commercial Park Drive 134 East I-65 Service Road North I-65 Office/Warehouse I-65 Service Road at Spring Hill Ave. 3475 Springhill Avenue 1600 Dauphin Island Parkway 1540 West I-65 Service Road South 63 Midtown Park East 901 Butler Drive 733 West Lakeside Drive 2507 Commercial Park Drive 134 East I-65 Service Road North 5,600 1,050 $6.38 3,200 2,300 1 Ample 13,000 $8.07 5,200 262 Furr Street Mobile 1989 2005 2 Free 9,570 $8.50 9,570 262 Furr St Mobile 1990 2005 2 Free 9,570 $8.50 9,570 3475 Springhill Avenue Mobile 1973 1 Free 4,263 $10.00 1,475 Mobile 1992 1 3,388 $15.00 3,388 2,040 $14.00 2,040 $12.00 7,769 36695 1032 Hillcrest Road 1032 Hillcrest Road Ft. Conde Office 200 S. Royal Street Space 500 Boulevard Park 500 Boulevard Park 36609 East East 36602 Mobile Free 10,000 Mobile Mobile 2001 1 Free Free John D. Peebles (251) 438-4312 John D. Peebles (251) 438-4312 John D. Peebles (251) 438-4312 Marl Cummings, Iii (251) 476-6000 Marl Cummings, Iii (251) 476-6000 Marl Cummings, Iii (251) 476-6000 Joseph G.Betbeze, Jr. (251) 476-4111 Joseph G.Betbeze, Jr. (251) 476-4111 Joseph G.Betbeze, Jr. (251) 476-4111 Joseph G.Betbeze, Jr. (251) 476-4111 Joseph G.Betbeze, Jr. (251) 476-4111 Joseph G.Betbeze, Jr. (251) 476-4111 Joseph G.Betbeze, Jr. (251) 476-4111 Don Parden 251-554-1941 Don Parden 251-554-1941 Richard Mann 251-300-3396 Richard Mann 251-300-3396 Pete Riehm 251-438-4312 Gavin Bender 36609 664 University Blvd. 664 University Blvd. 36609 PARAMOUNT OFFICE CENTER 36609 Hutson Dr 36609 Executive Center 36609 Executive Center 36602 653 St Louis 36609 Mobile Free $58.00 11,985 Gavin Bender 1141 Montlimar Drive Mobile Free $16.00 8,850 Gavin Bender 1126 Hutson Dr Mobile 1 Free 5,000 5,000 Gavin Bender Mobile 5 Free 50,000 $15.00 11,600 Gavin Bender $15.00 7,350 Gavin Bender 917 Western America Circle 900 Western America Circle 653 St Louis St Downtowner Loop S 4373 Downtowner office Loop S Mobile Free Mobile 1 Free 25,000 $6.00 25,000 Gavin Bender Mobile 1 Free 3,600 $12.00 1,800 Gavin Bender 6,000 $16.00 1,500 Gavin Bender 750 Gavin Bender 36602 Dauphin St 3 Dauphin St Mobile 2 36608 Professional Office 4634 Bit and Spur Rd Mobile 2 36693 Lakeside Drive W 121-A Lakeside Drive W Mobile 1 61 St. Joseph Street Mobile 3950 Demetropolis Rd. Mobile 1 3024 Airport Blvd Mobile 1 Mobile 2 Wachovia Bank Building Mobile Warehouse 36693 Location 36602 36606 3024 Airport Blvd 36602 401 Dauphin Street 401 Dauphin Street 36602 Parkview Plaza 182 Saint Francis Street, Ste 303 3700 Demotropolis 3700 Demotropolis Rd Rd 3709 Lakeside Dr S, 36693 3709 Lakesdie Dr S Suite C Regions Bank 36602 106 St. Francis Building 354 St. Emanuel 36603 354 St. Emanuel Street Street 36693 Free 1,200 $8.50 1,200 $14.00 62,632 7,000 7,000 Ample 9,200 Mobile 18,000 Mobile 12,000 Mobile Mobile Mobile 2006 2 Leased 284,000 $16.00 60,000 Free 1,500 $16.00 1,500 Matthew Garrard 251-476-6000 Jill Meeks 251-342-7229 James Henderson 251-447-4848 Todd Drummond 251-694-1180 Todd Drummond 251-694-1180 Todd Drummond 251-694-1180 Todd Drummond 251-694-1180 Todd Drummond 251-694-1180 Josh Hall 251-342-7229 David Dexter 251-471-1000 311 South Sage 311 South Sage Avenue Avenue Dauphin and Florida 36606 2 N Florida St. Street Church Street Office 36602 601 Church St Building 36606 36695 Highland Park Mobile 1 Mobile 1 Mobile 2 Free 4,800 $12.00 1,400 $10.28 2,820 $10.63 7,500 $7.00 2350 Schillinger Rd S Mobile 4690 Rangeline Road Mobile 1 36602 St. Joseph Street 59 St. Joseph Street Mobile 2 Old Government Street CNI Center-Dauphin 36606 65 Complex CNI Center-Dauphin 36606 65 Complex 2150 Old Government Street Mobile 1 3280 Dauphin Street Mobile 1978 1 Free 55,276 3280 Dauphin Street Mobile 1978 1 Free 55,276 6345 H Cottage Hill Road Mobile 1 60,000 $12.00 Mobile 12 94,500 $14.00 36619 Rangeline Road Office 36606 36609 Cottage Crest 36602 Commerce Building 118 North Royal Street 36606 CNI Center-Dauphin 3280 Dauphin Street 65 Complex Mobile 1978 1 2007 2 36693 OFFICE 4380 HALLS MILL ROAD MOBILE 36606 Tacon Street 32 Tacon Street Mobile 150 Government Street Mobile 205 St. Emanuel Street Mobile LaClede Office Building Fort Conde Village 36602 (St Eman) 36602 36607 Alto Imaging 36693 I-65 Service Road 32577 670 Molino Road 3090 Dauphin Sq Connector 2010 West I-65 Service Road 670 Molino Road Mobile Mobile Molino 2002 Free 1,500 Free 55,276 4,000 Free 6,824 3 Leased 39,000 $14.50 2 Free 5,600 $14.25 1 Ample 4,885 $13.00 2 Ample 40,000 $17.50 David Dexter 251-471-1000 Pratt Thomas 251-476-0808 Pratt Thomas 2,820 251-476-0808 Pratt Thomas 6,300 251-476-0808 John Vallas 7,500 251-344-1444 John Vallas 251-344-1444 John Vallas 251-344-1444 Mike Mcaleer 5,327 251-473-7517 Mike Mcaleer 3,838 251-473-7517 Mike Mcaleer 2,395 251-473-7517 Mike Mcaleer 23,000 251-473-7517 Mike Mcaleer 412 251-473-7517 Jerry Stewart 251-666-2705 Jeremy B. Milling, 6,824 Ccim 251-471-1000 Tammy Adcock 0 251-438-4312 Tammy Adcock 2,800 251-438-4312 Michael Parker 4,885 251-662-5660 Matt White 12,903 251-471-1000 Gary Watson 3,075 850-478-5880 1,200 Former Regions 24037 Perdido Beach Bank Orange Beach, Blvd. Robertsdale Office 36567 22743 Hwy 59 Building 36561 36571 14 Highway 43 36590 36526 36609 36609 36527 Theodore Office Space Investment Opportunity Capital Midmost Office Building Omni Park Office Complex Warehouse/Office Hwy 31 Spanish Fort Orange Beach 2001 1 Robertsdale 1970 2006 2011 1 3,020 Ample 1,788 14 Hwy 43 Saraland 5973 HWY. 90 W Theodore 1955 26061 Capital Drive Daphne 1999 4324 Midmost Drive Mobile 2 6170 Omni Park Drive Mobile 1 Free 4,400 Spanish Fort 1 Free 6,000 Free 12,000 11665 HWY 31 1 6250 Spanish Trail Court Theodore 1 36526 Centerpoint 28810 Highway 98 Daphne 1 Spring Hill Lighting 25251 US HWY 98 Building in Daphne, Marketplace 36526 1203 Highway 98 Building 4 1203 Highway 98, Unit 36526 Market Place A, Bldg 4 914 Nichols Ave, 36532 914 Nichols Ave Ext Fairhope 6,000 12,000 6,000 $9.00 10,000 4,400 $4.50 12,000 $12.00 1,200 Free 4,150 $16.00 4,150 Daphne 1 Free 1,533 $9.78 1,533 Daphne 1 Free 1,533 Fairhope 1 $2.50 7,625 FAIRHOPE 1 36536 Foley Express Center Foley 1 36535 Foley 365352234 36535 19452 SCENIC HWY 98 12342 Foley Beach Express 2050 to 12000 Sf of 12342 Foley Beach Office/Retail Space Express 1420 N. McKenzie Med-South Sublease Street Mid Pointe Plaza 8159 Hwy 59 #104 2002 Free 2,928 1 36532 Bayside DAPHNE 1,788 $12.00 36582 Spanish Trail Court 36527 $25.00 2007 Foley Foley New 7,625 Ample 1,170 1,170 $8.00 1 13,000 12,000 1 Free 1 Ample 1,800 1,800 $12.00 1,500 Adam Metcalfe (251) 432-2600 Philip Hodgson 251-990-6622 James Henderson 251-447-4848 Rob Copeland 251-928-4224 Joe Steen 251-607-7880 John Delchamps (251) 476-0808 Joe Steen 251-607-7880 Joe Steen 251-607-7880 Marl Cummings Iv (251) 476-6000 Terry Mckinney 251-460-0910 Dane Haygood 251-626-7200 Gayle Dearman 251-626-0437 Gayle Dearman 251-626-0437 David Cooper (251) 639-4007 Randy Branch 251-928-2109 Terry Mckinney 251-460-0910 Joe Steen 251-607-7880 Pete Riehm 251-438-4312 Philip Hodgson 251-990-6622 36535 Northside Square Dauphin Street (3050) Airport Boulevard 36606 (3102) 36606 620 N. McKenzie St. Foley 3050 Dauphin Street Mobile 3102 Airport Boulevard Mobile 1212 Montlimar Drive AB,D 1395 University Blvd 1395 University Blvd 36618 N North 36609 1212 Montlimar Dr 36695 Summit Court 7735 Summit Court 36609 Montlimar Building 1218 Montlimar Drive 36693 3747 Government Blvd. 36695 7695 Cottage Hill 36618 4104 Moffet Rd 36609 Professional Office Building 3747 Government Boulevard 7695 Cottage Hill Rd. Ste C Yester Oaks Shopping Center 1 6,560 $9.14 6,560 1 32,391 $6.00 32,391 1 2,150 $14.00 2,150 2009 1 Free 3,795 $13.00 2,530 Mobile 2006 1 Ample 1,836 $10.67 1,836 Mobile 1 Mobile 1 27,000 4104 Moffet Rd Mobile 1 4300 Downtowner Loop Mobile Mobile 1 Mobile 1 36606 2104 Government St 2104 Government St Mobile 36602 Civic Center Dr 456 Civic Center Dr Mobile 2 36609 I-65 Service Rd 1558 I-65 Service Rd W Mobile 2 1530 I-65 Service Rd 1530 I-65 Service Rd W W #C #C Mobile 1 5238 Highway 90 Mobile 1 3213 Springhill Avenue Mobile 1 36606 36619 Patmos Plaza 36607 Spacious Springhill Avenue Office 1,250 Mobile 1 Airport Blvd at I-65 Ample Mobile Mobile 36609 1025 Montlimar Dr. 1025 Montlimar Dr. 36608 2005 1962 Free 3,000 $10.00 8,000 4,000 1,800 Ample $13.25 7,750 1,200 $8.67 1,800 $12.00 5,000 $6.98 7,750 $1.17 1 Philip Hodgson 251-990-6622 Matt Cummings (251) 476-6000 Marl Cummings Iv (251) 476-6000 David Cooper (251) 639-4007 David Cooper (251) 639-4007 John Delchamps (251) 476-0808 John Delchamps (251) 476-0808 Adam Metcalfe (251) 432-2600 Angela Mcarthur (251) 639-4007 Angela Mcarthur (251) 639-4007 Allan R. Cameron, Jr. (251) 438-4312 Joseph G.Betbeze, Jr. (251) 476-4111 Terry Mckinney 251-460-0910 Richard Mann 251-300-3396 3,048 $5.91 3,048 Free 5,000 $12.00 5,000 Gavin Bender Free 21,800 $10.00 21,800 Gavin Bender 6,000 $11.32 530 Free $12.00 1,500 Ample $10.00 3,100 Holly Shirley 251-300-3397 John Vallas 251-344-1444 Tammy Adcock 251-438-4312 36561 Wolf Bay Plaza 36567 Vacant Bldg 22731 Milwaukee St LEASE SPACE IN SMALL STRIP OFFICE/RETAIL SPACE FOR LEASE Sawyer Furniture Building Industrial Parkway Center Oaks Tillmans Corner 25637 Canal Road Orange Beach 2006 1 $12.00 22731 S Milwaukee St Robertsdale 1 Unit 2 & 3 County Rd. 64 Robertsdale 1 27838 Highway 64 Robertsdale 207 Highway 43 N. Saraland 710 Industrial Parkway Saraland 2005 5650 Old Pascagoula Road theodore 2006 1 Free 36582 5784 Hwy 90 W 5784 Hwy 90 W Theodore 1997 1 Free 36582 5721 Hwy 90 Ste B 5721 Hwy 90 Ste B Theodore 2001 1 Free 36567 36567 36571 36571 36619 6095 - 6105 Old Pascagoula Rd 7250 & 7260 Theodore 36582 THEODORE DAWES Dawes Road 36582 Plantation Square 36532 Downtown Fairhope 77 South Section Street Fairhope / Office / 914 Nichols Ave Ext Retail / Warehouse Prime Office Space 36535 316 Mckenzie Street Hwy 59 9000SF Bldg N 36551 2127 N Hickory Street Hickory, Loxley 36532 36572 5717 Hwy. 43 5717 Hwy. 43 Ample 3,600 3,600 0 1,200 1 6,300 Theodore 1,200 $4.00 20,000 $13.25 1,750 $11.00 4,300 $8.40 1,050 $8.00 2,600 $8.00 Theodore 1 Fairhope Fairhope 1,800 1985 2009 1 Foley Loxley 1 Satsuma 1 Ample 8,750 Free 3,100 $15.00 2,400 Free 7,600 $10.00 7,600 Free 5,700 5,700 Free 9,000 9,000 3,600 8,750 $12.00 900 Marl Cummings, Iii (251) 476-6000 Joe Steen 251-607-7880 Thomas Galloney 251-626-1970 Thomas Galloney 251-626-1970 John Delchamps (251) 476-0808 John Delchamps (251) 476-0808 Ralph Neal, Iii (251) 602-1403 David Cooper (251) 639-4007 Angela Mcarthur (251) 639-4007 Terry Mckinney 251-460-0910 Tammy Adcock 251-438-4312 Sharon Wright 251-471-1000 Haran Hunter 251-981-2400 Joe Steen 251-607-7880 Joe Steen 251-607-7880 Holly Shirley 251-300-3397 Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Website: http://www.southalabamamls.com Telephone: 251-928-1708 Fax: 251-928-1046 E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Mobile and Baldwin County Office Properties Winter 2012 Table 4. Advertised Sale Price per S.F. by Zip Code Zip Code 36507 36606 36693 36609 36532 36532 36609 36610 36526 36607 36695 36567 36507 36526 36526 36526 36532 36535 36535 36535 36535 36542 36542 36551 36551 36609 36609 Advertised Sales Price Advertised S.F. $285,000 $660,000 $289,000 $250,000 $2,500,000 $495,000 $495,000 1,200 $475,000 $285,000 $1,000,000 $1,499,999 $600,000 $279,000 $475,000 $1,700,000 $1,187,500 $399,000 $385,000 $155,000 $695,000 $699,000 $379,000 $120,000 $139,900 $750,000 $700,000 6,500 31,000 8,750 60,000 9,000 11,000 5,000 7,400 11,209 12,500 5,070 6,000 7,898 2,464 1,035 1,900 36602 36606 36606 36609 36609 36606 36693 36619 36604 36693 36602 36602 36602 36608 36607 36618 36606 36606 36603 36607 36693 36607 36606 36606 36602 36602 36606 36606 36607 36693 36602 36602 36612 36602 36609 36606 36618 36608 36695 36695 36607 $600,000 $495,000 $850,000 $395,000 $395,000 $125,000 $199,000 $95,000 $399,000 $254,000 $995,000 $500,000 $975,000 $1,850,000 $950,000 $399,000 $775,000 $47,892 $389,000 $739,000 $250,000 $550,000 $575,000 $550,000 $330,000 $1,500,000 $225,000 $195,000 $975,000 $685,000 $1,000,000 $350,000 $250,000 $930,000 $90,000 $59,000 $425,000 $600,000 $480,000 $199,900 25,000 9,060 13,000 10,930 6,000 7,000 984 4,311 4,000 28,000 7,650 4,060 5,600 2,018 9,570 5,200 4,885 10,300 1,400 2,820 40,000 1,600 1,300 13,358 3,500 2,938 20,000 1,186 1,310 8,946 6,750 3,388 4,320 36606 36607 36606 36619 36609 36606 36603 36561 36561 36567 36571 36526 36602 36607 36609 36609 36695 36604 36571 36527 36507 36526 36526 36527 36532 36535 36551 36609 36606 36606 36695 36605 36618 36567 36527 36582 36526 36532 36532 36551 36605 $439,000 $179,000 $125,000 $490,000 $110,000 $224,000 $460,000 $350,000 $239,000 $399,000 $450,000 $2,000,000 $1,500,000 $695,000 $490,000 $380,000 $995,000 $299,000 $399,000 $237,500 $3,400,000 $235,000 $449,000 $245,000 $575,000 $990,000 $1,200,000 $150,000 $185,000 $195,000 $199,000 $199,000 $185,000 $349,900 $449,900 $1,425,000 $349,900 $620,000 $775,000 $425,000 4,000 1,628 7,500 2,427 1,500 3,750 3,020 1,788 6,000 15,000 4,400 12,000 4,657 75,000 3,760 6,000 29,737 4,150 3,000 5,000 10,077 21,800 2,000 6,090 3,600 3,647 2,500 3,600 2,760 8,750 5,234 7,600 3,100 9,000 2,749 36608 36695 36693 36567 36572 Median Properties Reporting $1,749,000 $335,000 $1,650,000 $725,000 $285,000 $439,000 7,798 2,000 28,800 111 89 3,600 5,070 Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Telephone: 251-928-1708 Fax: 251-928-1046 Website: http://www.southalabamamls.com E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Mobile and Baldwin County Office Properties Winter 2012 Table 5. Zip Code 36507 36606 36693 36609 36532 36532 36609 36610 36526 36607 36695 36567 36507 36526 36526 36526 36532 36535 36535 36535 36535 36542 36542 36551 36551 36609 36609 Advertised Sale Price per S.F. by Zip Code Advertised Sales Price $285,000 $660,000 $289,000 $250,000 $2,500,000 $495,000 $495,000 $475,000 $285,000 $1,000,000 $1,499,999 $600,000 $279,000 $475,000 $1,700,000 $1,187,500 $399,000 $385,000 $155,000 $695,000 $699,000 $379,000 $120,000 $139,900 $750,000 $700,000 Site S.F. Building S. F. Calculated Calculated Acreage Sales Price per Sales Price Site S. F. per Bldg S.F. 1,200 $237.50 3,000 $220.00 3 6,500 31,000 6,500 31,000 8,750 60,000 8,750 60,000 9,000 9,000 261,360 11,000 12,750 5,000 3,700 11,209 12,500 2,579 6,000 11,000 5,000 7,400 11,209 12,500 5,070 6,000 7,898 2,464 1,035 1,900 3,471 7,898 1,900 7,769 11,985 $38.46 $80.65 $38.46 $80.65 1.1 5 $56.57 $56.57 1 6 18 $31.67 $31.67 $3.83 $136.36 $47.06 $55.80 $128.38 $151.66 $95.00 $154.71 $64.17 1.33 24.87 0.5 0.56 1 0.24 0.9 0.45 1.58 $136.36 $55.80 $64.19 $151.66 $95.00 $78.70 $64.17 $88.50 $153.81 $115.94 $73.63 $200.23 $88.50 $73.63 $96.54 $58.41 36602 36606 36606 36609 36609 36606 36693 36619 36604 36693 36602 36602 36602 36608 36607 36618 36606 36606 36603 36607 36693 36607 36606 36606 36602 36602 36606 36606 36607 36693 36602 36602 36612 36602 36609 36606 36618 36608 36695 36695 36607 $600,000 $495,000 $850,000 $395,000 $395,000 $125,000 $199,000 $95,000 $399,000 $254,000 $995,000 $500,000 $975,000 $1,850,000 $950,000 $399,000 $775,000 $47,892 $389,000 $739,000 $250,000 $550,000 $575,000 $550,000 $330,000 $1,500,000 $225,000 $195,000 $975,000 $685,000 $1,000,000 $350,000 $250,000 $930,000 $90,000 $59,000 $425,000 $600,000 $480,000 $199,900 25,000 9,060 13,000 10,930 6,000 7,000 984 4,311 4,000 28,000 25,000 9,060 5,200 10,930 6,000 2,300 7,000 984 4,311 0.5 1.27 0.89 1.1 0 $24.00 $54.64 $65.38 $36.14 $65.83 $28.43 $96.54 $92.55 $63.50 $35.54 10,000 19,100 7,650 4,060 5,600 2,018 9,570 5,200 4,885 10,300 1,400 2,820 40,000 1,600 1,300 4,885 7,300 1,186 1,310 8,946 6,750 3,388 4,320 $124.18 $98.28 $138.39 0.25 0.65 0.66 0.57 2,820 1.9 13,358 3,500 2,938 20,000 $50.00 $51.05 4,060 5,600 2,018 9,570 1 37,000 1,750 2,938 20,000 11,874 1,186 $24.00 $54.64 $163.46 $36.14 $65.83 $54.35 $28.43 $96.54 $92.55 0.81 0.5 8,946 1.27 3,388 0.59 $192.77 $77.22 $48.08 $112.59 $55.83 $392.86 $117.02 $37.50 $140.63 $150.00 $98.28 $138.39 $192.77 $77.22 $112.59 $78.77 $117.02 $51.28 $100.00 $85.09 $75.89 $45.04 $47.51 $88.89 $141.68 $46.27 $27.03 $200.00 $85.09 $78.32 $75.89 $47.51 $141.68 36606 36607 36606 36619 36609 36606 36603 36561 36561 36567 36571 36526 36602 36607 36609 36609 36695 36604 36571 36527 36507 36526 36526 36527 36532 36535 36551 36609 36606 36606 36695 36605 36618 36567 36527 36582 36526 36532 36532 36551 36605 $439,000 $179,000 $125,000 $490,000 $110,000 $224,000 $460,000 $350,000 $239,000 $399,000 $450,000 $2,000,000 $1,500,000 $695,000 $490,000 $380,000 $995,000 $299,000 $399,000 $237,500 $3,400,000 $235,000 $449,000 $245,000 $575,000 $990,000 $1,200,000 $150,000 $185,000 $195,000 $199,000 $199,000 $185,000 $349,900 $449,900 $1,425,000 $349,900 $620,000 $775,000 $425,000 4,000 1,628 7,500 2,427 1,500 3,750 3,020 1,788 6,000 15,000 4,400 12,000 4,657 75,000 3,760 6,000 29,737 4,150 3,000 5,000 10,077 21,800 2,000 6,090 3,600 3,647 2,500 3,600 2,760 8,750 5,234 7,600 3,100 9,000 2,749 $109.75 0.25 7,500 $76.78 $65.33 $65.33 1,500 1 $92.30 $306.67 $306.67 1,788 1.26 0.2 $115.89 $133.67 $133.67 6,000 13,000 $75.00 4,400 10,000 1 3,760 2.43 0.4 4,974 0 4,150 3,000 $157.95 $49.00 $79.52 $47.75 $114.34 0.403 0.43 10,077 21,800 2 3,600 3,647 0.465 3,600 2,760 8,750 5,234 7,600 2,400 9,000 2,749 $100.00 $157.95 $40.83 $81.60 $13.27 $79.52 $66.50 $75.00 $153.85 0.92 3.5 0.7 $108.19 $81.67 $115.00 $98.24 $55.05 $75.00 $30.38 $54.17 $54.57 $79.60 $51.39 $126.78 $51.42 $272.26 $46.04 $200.00 $86.11 $154.60 $108.19 $81.67 $98.24 $55.05 $54.17 $54.57 $51.39 $126.78 $51.42 $272.26 $46.04 $258.33 $86.11 $154.60 36608 36695 36693 36567 36572 $1,749,000 $335,000 $1,650,000 $725,000 $285,000 $439,000 Median Properties 111 Reporting Median Sales per Site. S. F. Median Sales per Bldg. S. F. 7,798 2,000 28,800 0.5 1.8 $224.29 $167.50 $57.29 3,600 7,798 2,000 28,800 7,200 900 0.51 $79.17 $224.29 $167.50 $57.29 $100.69 $316.67 5,070 6,000 0.90 $80.12 $81.16 89 75 47 86 72 $80.12 $81.16 Baldwin County Association of REALTORS® 908 Plantation Blvd., Fairhope, Al 36532 Telephone: 251-928-1708 Fax: 251-928-1046 Website: http://www.southalabamamls.com E-mail: Marthataylor@baldwinrealtors.org Baldwin County Association of REALTORS® Newsletter Mobile and Baldwin County Office Properties Winter 2012 Total Market of Office Properties Advertised for Sale Table 6. Zip Code City Sale Price Total S.F. 2121 N Highway 59 Bay Minette $285,000 1,200 36606 Executive Park (801) 801 Executive Park Mobile $660,000 3,000 36693 Halls Mill Road 4801 Halls Mill Road Mobile $289,000 0 36609 442 Azalea Rd 442 Azalea Rd Mobile $250,000 6,500 6,500 36532 Former Faith Baptist Church 8105 Baldwin Highway 32 Fairhope $2,500,000 31,000 31,000 36532 North Greeno Road Greeno Road Fairhope $495,000 36609 901 Lakeside Drive 901 Lakeside Drive Mobile $495,000 8,750 8,750 36610 1310 Telegraph Road 1310 Telegraph Road Mobile Call For Pricing 60,000 60,000 36526 Prime Location Hwy 181 Daphne 25940 Hwy 181 Daphne $475,000 36607 Old Pillars Restaurant 1757 Government Street Mobile $285,000 9,000 9,000 36507 Property Name 2121 Hwy 59/31 3.1 Acres Commercial Location Total S.F Avail Agent Info Joe Steen 251-607-7880 Marl Cummings, III (251) 476-6000 Terry Mckinney 251-460-0910 Angela Mcarthur (251) 639-4007 Allan R. Cameron, Jr. (251) 438-4312 Sharon Wright 251-471-1000 Joseph G.Betbeze, Jr. (251) 476-4111 Mike Mcaleer 251-473-7517 Joe Steen 251-607-7880 John D. Peebles (251) 438-4312 36695 Wall Street Business Park Lot 2 0 Wall St. 36567 3 BUILDINGS ** 18 ACRES $1,000,000 20814 Hwy. 59 Robertsdale $1,499,999 36507 Showroom-Warehouse-Yard 610 HIghway 31 Bay Minette $600,000 36526 Daphne Office/Warehouse 25350 Friendship Rd Daphne $279,000 5,000 5,000 36526 Hidden Creek Office Condo 28311 N Main Streeet Daphne $475,000 7,400 3,700 36526 County Road 64 11101 County Road 64 Daphne $1,700,000 11,209 11,209 36532 Taupeka Office Building 329 Highway 98 Fairhope $1,187,500 12,500 12,500 Foley $399,000 5,070 2,579 9355 Hard Drive Foley $385,000 6,000 6,000 1103 N Hickory Street Foley $155,000 36535 1303 S. McKenzie Street 1303 S. McKenzie Street Foley $695,000 36542 Gulf Shores Professional Office 956 Commerce Loop Gulf Shores $699,000 7,898 36542 Canal Front Office Building 618 Gulf Shores Pkwy Gulf Shores $379,000 2,464 36551 NICE OFFICE BUILDING IN LOXLEY 1064 W. Union St. Loxley $120,000 1,035 36551 Bank Owned Property 5101 S. Hickory St. Loxley $139,900 1,900 36609 500 Boulevard Park East 500 Boulevard Park East Mobile $750,000 7,769 Gavin Bender 36609 664 University Blvd. 664 University Blvd. Mobile $700,000 11,985 Gavin Bender 36602 653 St Louis 653 St Louis St Mobile $600,000 25,000 25,000 Gavin Bender 36606 63 Midtown Park East 63 Midtown Park East Mobile $495,000 9,060 9,060 Joseph G.Betbeze, Jr. (251) 476-4111 36535 Heritage Oaks Professional Center 805 N. McKenzie St A 36535 Hard Drive Office / Warehous 36535 Office Bldg for Sale/Lease Hickory St 261,360 Cameron Weavil 251-438-6000 Harry Brown 251-626-1970 John D. Peebles (251) 438-4312 Philip Hodgson 251-990-6622 Haran Hunter 251-981-2400 Jeremy B. Milling, Ccim 251-471David Millstead 251-269-3664 Philip Hodgson 251-990-6622 Jeff Barnes 251-990-6622 Joe Steen 251-607-7880 Adam Metcalfe (251) 432-2600 Philip Hodgson 251-990-6622 Haran Hunter 251-981-2400 Thomas Galloney 251-626-1970 Thomas Galloney 251-626-1970 Mobile 11,000 11,000 12,750 3,471 7,898 1,900 36606 134 East I-65 Service Road North 134 East I-65 Service Road North Mobile $850,000 13,000 5,200 36609 1250 Hutson Drive 1250 Hutson Drive Mobile $395,000 10,930 10,930 36609 1224 Hutson Drive 1224 Hutson Drive Mobile $395,000 6,000 6,000 36606 2507 Commercial Park Drive 2507 Commercial Park Drive Mobile $125,000 36693 Mobile Warehouse Location 3950 Demetropolis Rd. Mobile $199,000 7,000 7,000 36619 5619 Andrews Rd 5619 Andrews Rd Mobile $95,000 984 984 36604 Historical Office Building 1706 Dauphin St. Mobile $399,000 4,311 4,311 36693 OFFICE 4380 HALLS MILL ROAD MOBILE $254,000 4,000 Mobile $995,000 28,000 115 Dauphin Street Mobile $500,000 10,000 18 Royal Street South Mobile $975,000 19,100 36608 Airport Boulevard (6576) 6576 Airport Boulevard Mobile $1,850,000 36607 Cameron Street 2651 Cameron Street Mobile $950,000 7,650 36618 Moffett Road (3828) 3828 Moffett Road Mobile $399,000 4,060 4,060 36606 Dauphin Street (2513) 2513 Dauphin Street Mobile $775,000 5,600 5,600 36606 Azalea Road - Lot 5 563 Azalea Road - Lot 5 Mobile $47,892 36603 Robinson Memorial Building 257 State Street Mobile $389,000 2,018 2,018 36607 I-65 Office/Warehouse 262 Furr Street Mobile $739,000 9,570 9,570 36693 Lakeside Drive Office/Warehouse 735 Lakeside Drive Mobile $250,000 5,200 36602 Staples Pake Building (100 N Royal 100 N Royal St St) 36602 Dauphin Street (115) (Kress Bldg.) 36602 Royal Street South (18) (Kress Bldg.) 2,300 Joseph G.Betbeze, Jr. (251) 476-4111 Joseph G.Betbeze, Jr. (251) 476-4111 Joseph G.Betbeze, Jr. (251) 476-4111 Joseph G.Betbeze, Jr. (251) 476-4111 James Henderson 251-447-4848 James Henderson 251-447-4848 Chip Brown 251-626-1970 Jerry Stewart 251-666-2705 Burton Clark (251) 476-6000 Burton Clark (251) 476-6000 Burton Clark (251) 476-6000 Burton Clark (251) 476-6000 Burton Clark (251) 476-6000 Matt Cummings (251) 476-6000 Marl Cummings, III (251) 476-6000 Marl Cummings, III (251) 476-6000 Paula Knodel 251-928-2109 Don Parden 251-554-1941 Dane Haygood 251-626-7200 36607 Alto Imaging 3090 Dauphin Sq Connector Mobile $550,000 4,885 4,885 36606 Medical Office Building 1563 Springhill Ave. Mobile $575,000 10,300 7,300 36606 Dauphin and Florida Street 2 N Florida St. Mobile $550,000 1,400 36602 Church Street Office Building 601 Church St Mobile $330,000 2,820 36602 305 Delchamps Dr. 305 Delchamps Drive Mobile $1,500,000 40,000 36606 2718 Dauphin Street 2718 Dauphin Street Mobile $225,000 1,600 36606 2756 Dauphin Street 2756 Dauphin Street Mobile $195,000 1,300 36607 Interstate-65 Service Road 212 Interstate-65 Service Road North Mobile $975,000 36693 Industrial Park Drive 1701 Industrial Park Drive Mobile $685,000 36602 Entire City Block For Sale 853 Dauphin Street Mobile $1,000,000 36602 Historic Downtown Office Building 261 N. Joachim STreet Mobile $350,000 3,500 1,750 36612 Professional Office 4320 St. Stephens Road Mobile $250,000 2,938 2,938 54-56 St. Emanuel Street Mobile Call For Pricing 20,000 20,000 36609 664 University Blvd. 664 University Blvd. Mobile $930,000 36606 2715 Brookley Ave 2715 Brookley Ave Mobile $90,000 1,186 36618 4558 Moffett Rd 4558 Moffett Rd Mobile $59,000 1,310 36608 660 Zeigler Circle E 660 Zeigler Circle E Mobile $425,000 8,946 36695 4080-4088 Government Blvd 4080-4088 Government Blvd Mobile $600,000 6,750 36695 1032 Hillcrest Road 1032 Hillcrest Road Mobile $480,000 3,388 36602 Downtown Mobile Office for Sale or Lease 2,820 13,358 37,000 11,874 1,186 8,946 3,388 Michael Parker 251-662-5660 John Delchamps (251) 476-0808 Pratt Thomas 251-476-0808 Pratt Thomas 251-476-0808 Brian Metcalfe (251) 432-2600 Brian Metcalfe (251) 432-2600 Brian Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Shannon Barnes 251-432-1287 Allan R. Cameron, Jr. (251) 438-4312 Allan R. Cameron, Jr. (251) 438-4312 John D. Peebles (251) 438-4312 John D. Peebles (251) 438-4312 David Cooper (251) 639-4007 David Cooper (251) 639-4007 David Cooper (251) 639-4007 David Cooper (251) 639-4007 Tony Cooper, Ccim (251) 639-4007 Richard Mann 251-300-3396 36607 Masonic Lodge 164 Bay Shore Ave Mobile $199,900 4,320 36606 3116 Airport Blvd 3116 Airport Blvd Mobile $439,000 4,000 36607 82 Macks Street 82 Macks Street Mobile $179,000 36606 2208 Government Street 2208 Government Street Mobile $125,000 1,628 36619 Rangeline Road Office 4690 Rangeline Road Mobile $490,000 7,500 36609 University Blvd. Service Road Zack Logan Ave. N. Mobile $110,000 36606 Cottage Hill Road office 3154 Cottage Hill Road Mobile $224,000 2,427 36603 354 St. Emanuel Street 354 St. Emanuel Street Mobile $460,000 1,500 36561 4399 Lindsey Lane 4399 Lindsey Lane Orange Beach Call For Pricing 3,750 24037 Perdido Beach Blvd. Orange Beach $350,000 3,020 Robertsdale $239,000 1,788 1,788 6,000 6,000 36561 Former Regions Bank Orange Beach, AL 7,500 1,500 36567 Robertsdale Office Building 22743 Hwy 59 36571 14 Highway 43 14 Hwy 43 Saraland $399,000 26061 Capital Drive Daphne $450,000 201 St. Louis Mobile $2,000,000 1514 S Broad Street Mobile $1,500,000 15,000 36609 Omni Park Office Complex 6170 Omni Park Drive Mobile $695,000 4,400 4,400 36609 Midmost Office Building 4324 Midmost Drive Mobile $490,000 12,000 10,000 36695 6425 Hillcrest Park Court 6425 Hillcrest Park Court Mobile $380,000 4,657 36604 951 Government Street 951 Government Street Mobile $995,000 75,000 36526 Investment Opportunity Capital Dr/Austin PlacePark 36602 St. Louis (201) 36607 15000 SF Bldg on Broad Street, Mobile 13,000 Butch Blum 251-344-9220 Todd Drummond 251-694-1180 Todd Drummond 251-694-1180 John Vallas 251-344-1444 John Vallas 251-344-1444 Sharon Wright 251-471-1000 Sharon Wright 251-471-1000 David Dexter 251-471-1000 Adam Metcalfe (251) 432-2600 Adam Metcalfe (251) 432-2600 Philip Hodgson 251-990-6622 James Henderson 251-447-4848 Joe Steen 251-607-7880 Burton Clark (251) 476-6000 Joe Steen 251-607-7880 Joe Steen 251-607-7880 John Delchamps (251) 476-0808 Angela Mcarthur (251) 639-4007 John Vallas 251-344-1444 36571 360 & 370 Highway 43 36527 360 & 370 Highway 43 Warehouse/Office Hwy 31 Spanish 11665 HWY 31 Fort Saraland $299,000 3,760 Spanish Fort $399,000 6,000 36507 Hoyle Avenue North 101 N. Hoyle Avenue Bay Minette $237,500 36526 Bay Point Office 27880 N. Main Street Daphne $3,400,000 Daphne $235,000 DAPHNE Daphne - Retail/Office Site on Hwy 25922 Hwy 181 181 near CR64 Spring Hill Lighting Building in 36527 25251 US HWY 98 Daphne, AL 36526 36532 Fairhope Avenue 504 Fairhope Avenue Investment Prop. South Of Tanger 2270 McKenzie Street 2270 McKenzie 10,077 SF Off/Whse Between 36551 33981 Hwy 59 Mobile & Pensacola 36535 3,760 4,974 29,737 0 $449,000 4,150 4,150 Fairhope $245,000 3,000 3,000 Foley $575,000 5,000 Loxley $990,000 10,077 10,077 21,800 36609 I-65 Service Rd 1558 I-65 Service Rd W Mobile $1,200,000 21,800 36606 Pleasant Valey Road (2700) 2700 Pleasant Valley Road Mobile $150,000 2,000 36606 Williams Street (304) 304 Williams Street Mobile $185,000 6,090 36695 Schilliinger Road Retail 1550 Schillinger Road North Mobile $195,000 3,600 3,600 36605 Height St 2004 Height Street Mobile $199,000 3,647 3,647 36618 3750 Moffett Rd 3750 Moffett Rd Mobile $199,000 2,500 22731 S Milwaukee St Robertsdale $185,000 3,600 3,600 36527 Pfeffer Flooring Building 7623 Spanish Fort Blvd Spanish Fort $349,900 2,760 2,760 36582 THEODORE DAWES 7250 & 7260 Theodore Dawes Road Theodore $449,900 8,750 8,750 Daphne $1,425,000 5,234 5,234 36567 36526 Vacant Bldg 22731 Milwaukee St Robertsdale Bank Branch Prime Hwy. 98 Location 27397 US Hwy. 98 Joseph G.Betbeze, Jr. (251) 476-4111 Joe Steen 251-607-7880 Marl Cummings, III (251) 476-6000 Terry Mckinney 251-460-0910 Dane Haygood 251-626-7200 Dane Haygood 251-626-7200 Jeremy B. Milling, Ccim 251-471Joe Steen 251-607-7880 Joe Steen 251-607-7880 Gavin Bender Marl Cummings Iv (251) 476-6000 Marl Cummings Iv (251) 476-6000 Pete Riehm 251-438-4312 Tammy Adcock 251-438-4312 Todd Drummond 251-694-1180 Joe Steen 251-607-7880 Dane Haygood 251-626-7200 Tammy Adcock 251-438-4312 Kyle Knight 850-432-5320 36532 Fairhope / Office / Retail / Warehouse 914 Nichols Ave Ext Fairhope $349,900 7,600 7,600 36532 Downtown Fairhope 77 South Section Street Fairhope $620,000 3,100 2,400 36551 9000SF Bldg N Hickory, Loxley 2127 N Hickory Street Loxley $775,000 9,000 9,000 3046 Dauphin Island Pkwy. Mobile $425,000 2,749 2,749 3871 Airport Blvd Mobile $1,749,000 7,798 7,798 36695 Bldg/Corner Lot 7125 Airport Blvd 7125 Airport Blvd Mobile $335,000 2,000 2,000 36693 3761 Government St. 3761 Government St. Mobile $1,650,000 28,800 28,800 36567 6 Plex Strip Center 21545 Hwy 59 Robertsdale $725,000 36572 5717 Hwy. 43 5717 Hwy. 43 Satsuma $285,000 36605 Well Established Bank Branch South Mobile 36608 Airport Blvd 7,200 3,600 900 Haran Hunter 251-981-2400 Sharon Wright 251-471-1000 Joe Steen 251-607-7880 Kyle Knight 850-432-5320 James Henderson 251-447-4848 Joe Steen 251-607-7880 Cameron Weavil 251-438-6000 Ingrid Jackson 251-947-1916 Holly Shirley 251-300-3397