Mobile
Retail Properties
for Lease and For Sale
Summer 2010
“Data you can use.”
“Education you can use”
This report and others are found on the Center website: http://cres.southalabama.edu
Center for Real Estate Studies
Mitchell College of Business
University of South Alabama
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.
Summer 2010
Commercial Retail Properties
Page 1 of 22
Introduction
The following report is one of four commercial reports generated by the Mitchell
College of Business, the Center for Real Estate Studies. This report contains information
for Summer 2010 Retail 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 Retail data is the Commercial Property Directory,
Birmingham, AL.
www.commercialpropertydirectory.com
In addition to the Retail report, three other commercial reports (Land, Office and
Industrial) can be found on the Center for Real Estate Studies website:
http://cres.southalabama.edu.
For additional information, please contact:
Don Epley, Director, Center for Real Estate Studies
Phone:
(251) 460-6735
depley@usouthal.edu
Email:
The data for this report was completed by:
Summer 2010
Shirley Harvey, MBA Student
Mitchell College of Business
Commercial Retail Properties
Page 2 of 22
MOBILE Retail Properties
For Lease and For Sale
Table of Contents
Introduction
Page - 2
Executive Summary
Page - 4
List of Zip Codes
Page - 5
Table 1:
Asking Lease Rate per Square Foot (S.F.) by Zip Code
Pages 6 - 8
Table 2:
Vacancy Rate by Property
Pages 9 - 11
Table 3:
Total Market of Retail Properties Advertised for Lease
Pages 12 - 18
Table 4:
Advertised Sales Price per S.F. by Zip Code
Page - 19
Table 5:
Sales Price per S.F. by Zip Code
Page - 20
Table 6:
Total Market of Retail Properties Advertised for Sale
Pages 21 - 22
Center for Real Estate Studies
Mitchell College of Business
University of South Alabama
Summer 2010
Commercial Retail Properties
Page 3 of 22
Executive Summary
2010 Advertised Retail Properties for Lease:
Total Properties Listed ………………………………80
Asking Lease Rate per S.F. …………………………Median $12.00 with 52 Properties Reporting
Total Advertised S.F. …………………………………Median 8,000 with 65 Properties Reporting
Total Advertised S.F. …………………………………1,493,874 with 65 Properties Reporting
Available S.F. …………………………………………… Median 4,400 with 65 Properties Reporting
Total Available S.F. ……………………………………584,735 with 65 Properties Reporting
2010 Advertised Retail Properties for Sale:
Total Properties Listed ………………………………24
Sales Price …………………………………………………Median $347,500 with 24 Properties Reporting
Building S.F. ………………………………………………Median 4,000 with 17 Properties Reporting
Sales Price per Building S.F. ………………………Median $79.60 with 17 Properties Reporting
Site S.F. …………………………………………………… Median 22,215 with 8 Properties Reporting
Sales Price per Site S.F. ………………………………Median $13 with 8 Properties Reporting
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. Owner-occupied property is excluded, also.
Summer 2010
Commercial Retail Properties
Page 4 of 22
Mobile Zip Code, City and Area Code
Summer 2010
Zip Code
City
36505
36509
36512
36521
36522
36523
36525
36528
36541
36544
36560
36568
36571
36572
36575
36582
36587
36590
36601
36602
36603
36604
36605
36606
36607
36608
36609
36610
36611
36612
36613
36615
36616
36617
36618
36619
36621
36622
36625
36628
Axis
Bayou La Batre
Bucks
Chunchula
Citronelle
Coden
Creola
Dauphin Island
Grand Bay
Irvington
Mount Vernon
Saint Elmo
Saraland
Satsuma
Semmes
Theodore
Wilmer
Theodore
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Eight Mile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Area
Code
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
Commercial Retail Properties
Zip Code
City
36630
36633
36640
36641
36644
36652
36660
36663
36670
36671
36675
36685
36688
36689
36690
36691
36693
36695
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Area
Code
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
251
Mobile
58 Total
Page 5 of 22
Commercial Report
Mobile Retail Properties
Advertised For Lease
Summer 2010
Table 1.
Asking Lease Rate per S.F. by Zipcode
Zip Code
36525
36571
36571
36571
36572
36572
36575
36575
36582
36605
36605
36605
36605
36606
36606
36608
36608
36608
36608
36608
36608
36608
36608
36608
36608
36608
36609
36609
36609
36609
36609
Summer 2010
Asking Lease
Per S.F.
$18.00
$9.00
$6.50
$14.57
$14.00
$5.00
$5.26
$5.40
$24.00
$12.00
$13.00
$15.00
$14.00
$12.00
$15.00
$18.00
$11.78
Total
Advertised S.F.
9,800
131,578
6,000
131,967
4,000
6,000
7,112
15,000
5,475
4,200
27,000
101,111
94,390
4,850
40,000
20,000
16,000
10,375
8,400
53,332
23,679
5,000
58,468
32,100
1,200
44,251
Commercial Retail Properties
Page 6 of 22
Commercial Report
Mobile Retail Properties
Advertised For Lease
Summer 2010
Table 1.
Asking Lease Rate per S.F. by Zipcode
Zip Code
36609
36609
36609
36609
36609
36609
36609
36613
36618
36619
36693
36693
36695
36695
36695
36695
36695
36695
36695
36695
36695
36525
36572
36582
36582
36604
36604
36606
36606
36607
36608
Summer 2010
Asking Lease
Per S.F.
Total
Advertised S.F.
140,000
16,500
3,000
2,917
$7.00
$22.00
9,800
9,800
4,885
11,700
6,500
27,000
3,550
9,800
2,400
7,897
$10.00
$17.50
$10.00
$6.76
$25.30
$29.00
$22.00
$15.00
$18.50
$17.00
$18.00
$14.00
$8.40
$8.00
$10.00
$5.03
$6.00
$11.00
25,250
2,500
10,985
113,940
1,800
5,600
800
6,300
14,080
6,000
3,580
32,391
4,350
4,396
Commercial Retail Properties
Page 7 of 22
Commercial Report
Mobile Retail Properties
Advertised For Lease
Summer 2010
Table 1.
Asking Lease Rate per S.F. by Zipcode
Zip Code
36608
36608
36608
36608
36608
36609
36609
36609
36609
36618
36619
36619
36619
36693
36693
36695
36695
36572
Median
Properties
Reporting
Summer 2010
Asking Lease
Per S.F.
$14.50
$8.50
$8.00
$1.17
$25.81
$13.00
$12.00
Total
Advertised S.F.
4,000
1,666
3,795
68,420
$13.00
4,300
$12.00
1,332
$11.00
$10.00
$100.00
$14.00
$12.00
$12.00
$12.00
27,000
8,000
17,352
5,400
3,600
8,000
52
65
Commercial Retail Properties
Page 8 of 22
Commercial Report
Mobile Retail Properties
Advertised For Lease
Table 2
Vacancy Rate by Property
Zip Code
36525
36525
36571
36571
36571
36572
36572
36572
36572
36575
36575
36582
36582
36582
36604
36604
36605
36605
36605
36605
36606
36606
36606
36606
36607
36608
36608
36608
36608
36608
36608
36608
Summer 2010
Total Advertised
S.F.
9,800
5,600
131,578
6,000
131,967
4,000
800
3,600
6,000
7,112
6,300
14,080
6,000
15,000
5,475
4,200
27,000
101,111
94,390
3,580
32,391
4,350
4,850
40,000
20,000
16,000
10,375
Advertised
Available S.F.
1,400
Calculated
Vacancy Rate
14%
9,650
6,000
122,967
4,000
4,200
7%
100%
93%
100%
900
1,050
25%
18%
6,300
4,400
6,500
1,200
15,000
5,475
4,000
100%
3,580
32,391
4,350
4,850
40,000
3,600
3,000
2,400
1,250
10,375
Commercial Retail Properties
46%
20%
100%
100%
95%
100%
100%
100%
100%
100%
18%
15%
100%
Page 9 of 22
Commercial Report
Mobile Retail Properties
Advertised For Lease
Table 2
Vacancy Rate by Property
Zip Code
36608
36608
36608
36608
36608
36608
36608
36608
36608
36608
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36613
36618
36618
36619
36619
36619
Summer 2010
Total Advertised
S.F.
8,400
53,332
23,679
4,396
4,000
Advertised
Available S.F.
2,400
1,564
Calculated
Vacancy Rate
29%
4,396
100%
6,780
6,350
14,296
1,666
5,000
58,468
32,100
1,200
44,251
140,000
16,500
3,000
2,917
9,800
9,800
3,795
68,420
4,885
11,700
4,300
6,500
1,332
1,527
4,687
1,200
43,200
4,900
28,877
5,600
3,000
2,917
20,000
0%
31%
8%
4%
11%
21%
34%
100%
100%
2,800
3,795
5,000
16,605
4,500
29%
100%
11,700
3,040
2,732
1,500
1,332
100%
71%
42%
Commercial Retail Properties
24%
100%
Page 10 of 22
Commercial Report
Mobile Retail Properties
Advertised For Lease
Table 2
Vacancy Rate by Property
Zip Code
36619
36693
36693
36693
36693
36695
36695
36695
36695
36695
36695
36695
36695
36695
36695
36695
Total
Median
Properties
Reporting
Summer 2010
Total Advertised
S.F.
27,000
3,550
27,000
8,000
9,800
2,400
7,897
25,250
2,500
10,985
113,940
1,800
17,352
5,400
1,493,874
8,000
65
Advertised
Available S.F.
4,300
8,000
3,550
8,000
8,000
2,800
2,400
7,897
4,800
5,000
5,000
Calculated
Vacancy Rate
1,800
17,352
2,300
584,735
4,400
100%
100%
43%
30%
100%
30%
100%
29%
100%
100%
20%
65
Commercial Retail Properties
Page 11 of 22
Commercial Report
Mobile Retail Properties
Total Market of Retail Properties Advertised for Lease
Table 3
Zip Code
36525
36525
Property Name
Creola Station
Shopping Center
Retail/Office Space
Equity Dr
Address
City
Hwy 43 and Radcliff Rd
Creola
26150 & 26160 Equity Drive
Daphne
36571
Saraland Loop Plaza
112 Saraland Loop
Saraland
36571
Bowdoin Square
705 Highway 43
Saraland
951 Saraland Blvd South
Saraland
5717 Hwy. 43
Satsuma
36571
36572
Saraland Shopping
Center
Retail/Warehouse on
Hwy. 43
36572
SATSUMA LEASE
5106 Hwy 43
Satsuma
36572
800 sq.ft. Satsuma
5120 Hwy 43
Satsuma
36572
Retail/Office on Hwy.
43
5717 Hwy. 43
Satsuma
36575
Alpha Village
7941 Moffett Road
Mobile
36575
98 Oaks Plaza
7930 Moffett Road
Mobile
36582
Jackson Square
Highway 90
Summer 2010
Lease
Available Agent Name/Agent
Price
S.F.
Phone Number
Per S.F.
Mike McAleer
9,800
$18.00
1,400
251-473-7517
Joe Steen
5,600
251-607-7880
David Dexter
1989 131,578
9,650
251-471-1000
Matt Cummings
6,000
$9.00
6,000
251-476-6000
Ray Jones
131,967
122,967
334-262-1958
Holly Shirley
4,000
$6.50
4,000
251-300-3397
Bryan Hastings
4,200
251-405-6400
Bryan Hastings
800
251-405-6400
Year
Built
2007
Theodore
Commercial Retail Properties
Total
S.F.
3,600
$12.00
900
6,000
$14.57
1,050
$14.00
7,112
Holly Shirley
251-300-3397
Danna Booth
251-478-7223
Marl Cummings IV
251-476-6000
Marl Cummings IV
251-476-6000
Page 12 of 22
Commercial Report
Mobile Retail Properties
Total Market of Retail Properties Advertised for Lease
Table 3
Zip Code
Property Name
Address
City
36582
5784 Hwy 90 W
5784 Hwy 90W
Theodore
36582
Plantation Square
6095 - 6105 Old Pascagoula
Rd
Theodore
36604
1365 Government Blvd 1365 Government Blvd
Mobile
36604
1616 Government
Street
Mobile
36605
Parkway Center
36605
36605
2466 Dauphin Island
ParkWay
2669 Dauphin Island
ParkWay
1616 Government St
2569 Dauphin Island
Parkway
2466 Dauphin Island
ParkWay
2669 Dauphin Island
ParkWay
2912 Dauphin Island
Parkway
Mobile
Mobile
Mobile
36605
Dauphin Plaza
36606
Midtown Mart
Dauphin Street
Mobile
36606
Dauphin Square
Dauphin Street
Mobile
36606
2200 Government St
2200 Government St
Mobile
36606
Dauphin Street (3050)
3050 Dauphin Street
Mobile
Summer 2010
Mobile
Lease
Available Agent Name/Agent
Price
S.F.
Phone Number
Per S.F.
David Cooper
1997 6,300
$8.40
6,300
251-639-4007
Terry McKinney
$8.00
4,400
251-460-0910
Angela McArthur
1966 14,080 $10.00
6,500
251-639-4007
Nathan Handmacher
6,000
1,200
251-476-8000
Mike McAleer
15,000
$5.00
15,000
251-473-7517
Deepa Rajan
1997 5,475
$5.26
5,475
251-639-4007
Deepa Rajan
1989 4,200
$5.40
4,000
251-639-4007
Marl Cummings IV
27,000
251-476-6000
Marl Cummings IV
101,111
251-476-6000
Matt Cummings
94,390
251-476-6000
Angela McArthur
1958 3,580
$5.03
3,580
251-639-4007
Matt Cummings
32,391
$6.00
32,391
251-476-6000
Year
Built
Commercial Retail Properties
Total
S.F.
Page 13 of 22
Commercial Report
Mobile Retail Properties
Total Market of Retail Properties Advertised for Lease
Table 3
Zip Code
Property Name
Address
City
Year
Built
Total
S.F.
36607
Springhill Avenue
(3223)
3223 Springhill Avenue
Mobile
4,350
36608
Providence Plaza
6601 Airport Blvd
Mobile
4,850
36608
Former Circuit CityAirport Blvd.
3725 Airport Boulevard
Mobile
40,000
36608
Airwest Retail Center
7335 Airport Blvd, Suite E
Mobile
1993
36608
Baker-West Retail
Center
9120 Airport Blvd, Suite C
Mobile
2004
36608
Lenscrafters Center
4027 Airport Blvd, Suite D
Mobile
36608
Retail Space for Lease
on Cody Rd.
65 N. Cody Rd.
Mobile
2007
36608
Shoppes of Springdale 171 E. I-65 Service Rd
Mobile
2004
36608
University Square
Shopping Center
6501 Old Shell Road
Mobile
36608
Sawyer Center
3767 Airport Blvd. Ste. A
Mobile
36608
Llanfair Place
3750 Airport Boulevard
Mobile
53,332
36608
University Village
Old Shell Road
Mobile
23,679
36608
Retail/Medical Office
on Airport Blvd.
7155 Airport Blvd.
Mobile
4,396
Summer 2010
20,000
16,000
Commercial Retail Properties
10,375
8,400
Lease
Available Agent Name/Agent
Price
S.F.
Phone Number
Per S.F.
Burton Clark
4,350
251-476-6000
Cameron Weavil
$24.00
4,850
251-438-6000
Alex Pate
40,000
251-345-1259
David Stein
$12.00
3,600
251-342-1968
David Stein
$13.00
3,000
251-342-1968
David Stein
$15.00
2,400
251-342-1968
Angela McArthur
$14.00
1,250
251-639-4007
Angela McArthur
$12.00
10,375
251-639-4007
John Delchamps
$15.00
2,400
251-476-0808
John Delchamps
$18.00
1,564
251-476-0808
Marl Cummings IV
251-476-6000
Marl Cummings IV
251-476-6000
$11.00
4,396
Holly Shirley
251-300-3397
Page 14 of 22
Commercial Report
Mobile Retail Properties
Total Market of Retail Properties Advertised for Lease
Table 3
Zip Code
Property Name
Address
City
36608
3925 Springhill Ave
3925 Springhill Ave
Mobile
36608
Providence Place
Shopping Center
6920 Airport Blvd.
Mobile
36608
Plaza de Malaga
6157 Airport Blvd.
Mobile
36608
Yester Oaks Shopping
Center
Airport Blvd at I-65
Mobile
36608
Airport Blvd. (7047)
7047 Airport Blvd.
Mobile
36609
1168 West I-65 Service 1168 West I-65 Service Road
Road South
South
Mobil
36609
Cottage Village I
5017 Cottage Hill Road
Mobile
36609
Cottage Village II
5035 Cottage Hill Road
Mobile
36609
Azalea South
308 Azalea Road
Mobile
36609
Piccadilly Square
6345 Airport Blvd.
Mobile
36609
Azalea Center
250 Azelea Road
Mobile
36609
Sugar Mill Village
851 Hillcrest Road
Mobile
Summer 2010
Lease
Available Agent Name/Agent
Price
S.F.
Phone Number
Per S.F.
Libba Latham
4,000
$14.50
251-342-3200
Nathan Handmacher
$8.50
6,780
251-476-8000
Nathan Handmacher
$8.00
6,350
251-476-8000
Terry McKinney
$1.17
14,296
251-460-0910
Matthew Garrard
1,666
$25.81
251-476-6000
Joey Betbeze, Jr.
5,000
$11.78
1,527
251-476-4111
David Dexter
1989 58,468
4,687
251-471-1000
David Dexter
1989 32,100
1,200
251-471-1000
David Dexter
1989 1,200
43,200
251-471-1000
David Dexter
1989 44,251
4,900
251-471-1000
David Dexter
1974 140,000
28,877
251-471-1000
David Dexter
1989 16,500
5,600
251-471-1000
Year
Built
Commercial Retail Properties
Total
S.F.
Page 15 of 22
Commercial Report
Mobile Retail Properties
Total Market of Retail Properties Advertised for Lease
Table 3
Zip Code
Property Name
Address
City
Year
Built
Total
S.F.
Lease
Available Agent Name/Agent
Price
S.F.
Phone Number
Per S.F.
36609
Former Godfathers
6151 Airport Boulevard
Mobile
3,000
3,000
36609
Former Milo's
6161 Airport Boulevard
Mobile
2,917
2,917
36609
South University Blvd 306 South University Blvd
Mobile
Mobile
36609
3912 Cottage Hill Road 3912 Cottage Hill Road
Mobile
36609
36609
36609
36609
Schillinger Pointe
Shopping Center
New Office Suites 1265-3795 sf Montlimar
Dr
Professional Office
Building
Wildwood Shopping
Center
9,800
$7.00
1065 Schillinger Road
Mobile
2009
9,800
$22.00
2,800
1212 Montlimar Drive A-C
Mobile
2009
3,795
$13.00
3,795
4300 Downtowner Loop
Mobile
$12.00
5,000
4055 Cottage Hill Rd.
Mobile
36609
Montlimar Drive
1218 Montlimar Dr
Mobile
36613
Eight Mile Shopping
Center
St. Stephens Road
Eight Mile
36618
University/Overlook
Retail Center
1351 N. University Blvd
Summer 2010
20,000
Mobile
68,420
16,605
$13.00
4,500
$10.00
11,700
4,885
2010
Commercial Retail Properties
11,700
John Vallas
251-665-3774
John Vallas
251-665-3774
Bill Clements
205-313-3676
Adam Metcalfe
251-432-2600
John Delchamps
251-476-0808
David Cooper
251-639-4007
Allan R. Cameron, Jr.
251-438-4312
Nathan Handmacher
251-476-8000
Matthew Garrard
251-476-6000
Matt Cummings
251-476-6000
David Cooper
251-639-4007
Page 16 of 22
Commercial Report
Mobile Retail Properties
Total Market of Retail Properties Advertised for Lease
Table 3
Zip Code
Property Name
Address
City
36618
3766 Moffett Road
3766 Moffett Road
Mobile
36619
Lowtill Plaza Retail
Space Available
5319 Hwy. 90 Ste. A
Mobile
36619
Patmos Plaza
5238 Highway 90
Mobile
36619
7216 Three Notch Rd
7216 Three Notch Rd
Mobile
36619
Oaks Tillmans Corner
5650 Old Pascagoula Road
36693
Government/65
36693
1436-A West I-65
Service Road South
36693
36693
36695
36695
36695
Summer 2010
Year
Built
Total
S.F.
Lease
Available Agent Name/Agent
Price
S.F.
Phone Number
Per S.F.
3,040
Joey Betbeze, Jr.
251-476-4111
$17.50
2,732
Angela McArthur
251-639-4007
$12.00
1,500
John Vallas
251-665-3774
4,300
2003
6,500
1,332
$11.00
4,300
27,000
$10.00
8,000
Mobile
3,550
$6.76
3,550
3747 Government Blvd. 3747 Government Boulevard
Mobile
27,000
$10.00
8,000
958 Montlimar Blvd.
958 Montlimar Blvd.
Mobile
8,000
$100.00
8,000
1065 Schillinger Road S.
Mobile
9,800
$25.30
2,800
930 S. Schillinger Rd. Ste B
Mobile
2,400
$29.00
2,400
6401 Airport Blvd,
Suites A, B, C
Mobile
7,897
$22.00
7,897
Schillinger Pointe
Shopping Center
930 S. Schillinger Rd
Suite B
Airport Blvd former
Copeland's
theodore
2006
3747 Government Blvd
Mobile
1987
1436-A West I-65 Service
Road South
1,332
Commercial Retail Properties
Ty Irby
251-649-1000
Ralph Neal, III
251-602-1403
Brian Metcalfe
251-432-2600
Joey Betbeze, Jr.
251-476-4111
Adam Metcalfe
251-432-2600
Joey Betbeze, Jr.
251-476-4111
Mike McAleer
251-473-7517
Angela McArthur
251-639-4007
Angela McArthur
251-639-4007
Page 17 of 22
Commercial Report
Mobile Retail Properties
Total Market of Retail Properties Advertised for Lease
Table 3
Zip Code
Property Name
Address
City
Year
Built
Total
S.F.
Lease
Available Agent Name/Agent
Price
S.F.
Phone Number
Per S.F.
Angela McArthur
$15.00
4,800
251-639-4007
Angela McArthur
$18.50
5,000
251-639-4007
36695
Schillinger Place
2502 Schillinger Rd S
Mobile
1998
36695
Palmetto Place
Shopping Center
960 S Schillinger Rd
Mobile
2004
25,250
36695
960 Schillinger Rd
960 Schillinger Rd
Mobile
2004
2,500
$17.00
36695
Hillcrest Square
Shopping Center
Lot 2 Omni Park Dr.
Mobile
2008
10,985
$18.00
36695
Hillcrest Plaza
Hillcrest Road
Mobile
113,940
36695
75 Schillinger Road
North
75 Schillinger Road North
Mobile
1,800
36695
36695
Summer 2010
Mixed Retail/Office
3456 Hillcrest Rd.
3456 Hillcrest Rd
Schillinger Commercial
1010 Schillinger Rd S
Center
5,000
Angela McArthur
251-639-4007
$14.00
1,800
John Delchamps
251-476-0808
Matt Cummings
251-476-6000
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Angela McArthur
251-639-4007
Brent Cumbest
251-633-5858
Mobile
2009
17,352
$14.00
17,352
Mobile
2003
5,400
$12.00
2,300
Commercial Retail Properties
Page 18 of 22
Commercial Report
Mobile Retail Properties
Advertised For Sale
Advertised Sale Price & Available S.F. by Zip Code
Table 4.
Zip Code
36571
36572
36572
36575
36602
36604
36606
36606
36607
36607
36607
36608
36608
36608
36608
36608
36609
36609
36609
36609
36618
36618
36693
36693
Median
Properties
Reporting
Summer 2010
Advertised Sales
Price
$350,000
$265,000
$285,000
$285,000
$800,000
$525,000
$126,000
$200,000
$225,000
$895,000
$295,000
$225,000
$345,000
$350,000
$675,000
$200,000
$600,000
$695,000
$795,000
$563,000
$248,000
$199,000
$770,000
$800,000
$347,500
Advertised
S.F.
24
17
Commercial Retail Properties
4,000
3,600
4,744
8,637
3,600
53,000
9,600
1,650
1,666
3,300
4,396
3,000
2,917
4,300
2,500
4,000
8,000
4,000
Page 19 of 22
Commercial Report
Mobile Retail Properties
Advertised For Sale
Price Per S.F by Zip Code
Table 5.
Zip Code
Sales Price
36571
36572
36572
36575
36602
36604
36606
36606
36607
36607
36607
36608
36608
36608
36608
36608
36609
36609
36609
36609
36618
36618
36693
36693
Median
$350,000
$265,000
$285,000
$285,000
$800,000
$525,000
$126,000
$200,000
$225,000
$895,000
$295,000
$225,000
$345,000
$350,000
$675,000
$200,000
$600,000
$695,000
$795,000
$563,000
$248,000
$199,000
$770,000
$800,000
$347,500
Properties
Reporting
24
Building
S.F.
4,000
3,600
Site S.F.*
Acreage
22,215.60
22,215.60
21,780.00
0.51
0.51
0.5
4,744
8,637
Sales Price per Sales Price
Building S.F. per Site S.F.
$66.25
$79.17
$168.63
$60.78
0
3,600
53,000
9,600
1,650
1,666
3,300
4,396
60,984.00
1.4
43,560.00
1
$62.50
$16.89
$30.73
$136.36
0.5
$210.08
$204.55
$45.50
21,780.00
3,000
2,917
$14.68
$5.17
$9.18
$231.67
$272.54
4,300
2,500
4,000
8,000
$4,000
10,890.00
0.25
$22.77
1.19
0.51
$57.67
$79.60
$192.50
$100.00
$80
51,836.40
22,215.60
17
8
9
17
8
Median Sales Price Per Building S.F.
Median Sales Price Per Site S.F.
$15.43
$13
$79.60
$12.96
*Site S.F. obtained by converting acreage listed to square feet by using the conversion
factor: 1 acre = 43560 square feet
Summer 2010
$11.93
$12.83
$13.09
Commercial Retail Properties
Page 20 of 22
Commercial Report
Mobile Retail Properties
Table 6.
Total Market of Retail Properties Advertised for Sale
Zip Code
36571
36572
Property Name
Address
Highway 43 - Shell Station
207 Highway 43
(Saraland)
Retail/Warehouse on Hwy.
5717 Hwy. 43
43
City
Year
Built
Sales
Price
Site S.F.
Building Agent Name/Agent
S.F.
Phone Number
Chad Slaton
251-476-6000
Saraland
$350,000
Satsuma
$265,000
22,215.60
4,000
3,600
36572
Retail/Office on Hwy. 43
5717 Hwy. 43
Satsuma
$285,000
22,215.60
36575
131 Ft. Frontage on
Moffett Road
8125 Moffett Road
Semmes
$285,000
21,780.00
36602
Downtown Mobile
102 Dauphin Street
Mobile
$800,000
4,744
36604
The Pillars
1757 Government St
Mobile
$525,000
8,637
36606
Airport Boulevard (2213)
2213 Airport Boulevard
Mobile
$126,000
36606
PERFECT SPOT IN
MIDTOWN
308 Glenwood St.
Mobile
$200,000
36607
36607
36607
36608
Summer 2010
62 North Florida Street
Springhill Ave,
Office/Retail Space
Ideal Retail/Office Union
Ave
D's Country Store
62 North Florida Street
Mobile
$225,000
2900 Springhill Ave,
Mobile
$895,000
260 Union Ave
Mobile
$295,000
11155 Tanner Williams Rd
Mobile
$225,000
Commercial Retail Properties
Holly Shirley
251-300-3397
Holly Shirley
251-300-3397
Jeremy Knight
251-661-4660
Antone Green
251-405-6400
Doug Adams
251-583-1352
Marl Cummings IV
251-476-6000
Don Jones
251-209-5480
3,600
60,984.00
53,000
9,600
43,560.00
1,650
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Joe Steen
251-607-7880
Joe Steen
251-607-7880
Cynthia Byrd
251-649-1000
Page 21 of 22
Commercial Report
Mobile Retail Properties
Table 6.
Total Market of Retail Properties Advertised for Sale
Zip Code
Property Name
Address
City
Year
Built
Sales
Price
Site S.F.
Building Agent Name/Agent
S.F.
Phone Number
36608
Airport Blvd (7125)
7125 Airport Blvd.
Mobile
$345,000
36608
Airport Blvd. (7047)
7047 Airport Blvd.
Mobile
$350,000
1,666
36608
4638 Bit and Spur Rd
4638 Bit and Spur Rd
Mobile
$675,000
3,300
36608
Retail/Medical Office on
Airport Blvd.
7155 Airport Blvd.
Mobile
$200,000
36609
Cottage Hill Road (4045)
4045 Cottage Hill Road
Mobile
$600,000
36609
Former Godfathers
6151 Airport Boulevard
Mobile
$695,000
3,000
36609
Former Milo's
6161 Airport Boulevard
Mobile
$795,000
2,917
36609
Cottage Hill Road (4258)
4258 Cottage Hill Road
Mobile
36618
3766 Moffett Road
3766 Moffett Road
Mobile
$248,000
36618
3750 Moffett Rd
3750 Moffett Rd
Mobile
$199,000
2,500
36693
Government Blvd (4070)
4070 Government Blvd
Mobile
$770,000
4,000
36693
958 Montlimar Blvd.
958 Montlimar Blvd.
Mobile
$800,000
Summer 2010
1980
Commercial Retail Properties
21,780.00
4,396
$563,000
10,890.00
51,836.40
4,300
8,000
Matthew Garrard
251-476-6000
Matthew Garrard
251-476-6000
Bradford Ladd
251-342-8000
Holly Shirley
251-300-3397
Matthew Garrard
251-476-6000
John Vallas
251-665-3774
John Vallas
251-665-3774
Matt Cummings
251-476-6000
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Todd Drummond
251-694-1180
Matthew Garrard
251-476-6000
Joseph G. (Joey)
Betbeze, Jr.
251-476-4111
Page 22 of 22