MOBILE MARKET WATCH
Mitchell College of Business
Center for Real Estate Studies
Office Properties:
Baldwin and Mobile
For Lease and For Sale
“Data you can use.”
“Education you can use.”
Mitchell College of Business Center for Real Estate Studies
Fall, 2007
This report is available at http://cres.southalabama.edu/
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.
1/32
OFFICE PROPERTIES: BALDWIN AND MOBILE
For Lease and For Sale
Table of Contents
Introduction
Interesting Facts
List of Zipcodes
Table 1.
Fall/Winter ’07, Asking Lease Rate per S.F. by Zipcode
Table 2.
Fall/Winter ’07, Calculated Vacancy Rate by Zipcode,
Selective statistics
Table 3.
Fall/Winter ’07, Masterfile of Office Properties
Advertised for Lease
Table 4.
Fall/Winter ’07, Advertised Sales Price per S.F. by Zipcode
Table 5.
Fall/Winter ’07, Calculated Sales Price per S.F. by Zipcode
Table 6.
Fall/Winter ’07, Masterfile of Office Properties
Advertised for Sale
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.
2/32
Introduction
This represents the second report on commercial properties by the Center
for Real Estate Studies entitled “Office Properties: Baldwin and Mobile”. It
includes interesting statistics for the Fall/Winter 2007.
Readers should remember that the data covers advertised “for lease” and
“for sale” data only. Final sale information is excluded.
Special thanks goes to the Commercial Property Directory, Birmingham, for
providing useful data. Other sources include Loopnet, and the Center for
Real Estate Studies.
Look for the additional commercial property reports.
For additional information, contact Don Epley, Director, Center for Real
Estate Studies, 251.460.6735 or depley@usouthal.edu.
3/32
Interesting Facts
2007 Advertised Office For Lease:
total properties included
116
asking lease rate per s.f.
median $12.00 on 108 buildings reporting
building s.f.
median 9,371 on 103 buildings reporting
total building s.f.
2,547,162 on 103 buildings reporting
total available s.f.
1,046,817 on 102 buildings reporting
available s.f.
median 4,000 on 102 buildings reporting
2007 Advertised Office For Sale:
total properties included
98
sale price
median $480,000 on 96 buildings reporting
building s.f.
median 6,200 on 72 buildings reporting
sales price per bldg. s.f.
median $106.10 on 72 buildings reporting
site s.f.
median 47,915 on 44 sites reporting
sales price per site s.f.
median $19.70 on 44 sites 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.
4/32
Mobile County
Zip Code
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
36630
36633
36640
36641
36644
36652
36660
36663
City
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
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
State
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
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
251
251
251
251
251
251
251
251
5/32
36670
36671
36675
36685
36688
36689
36690
36691
36693
36695
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
Mobile
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
251
251
251
251
251
251
251
251
251
251
58 in total
Source: www.getzips.com
6/32
City of Mobile
ZIP CODES
36571
36572
43
36613
36611
36575
36612
36610
36618
36617
36603
36607
36608
36602
36606
36604
36603
36609
36695
36615
36693
36605
36619
ZIP CODE BOUNDARY
MOBILE CITY LIMITS
98
36582
0
1
2
Miles
City of Mobile GIS / April, 2004
7/32
Baldwin County
Zip Code
36507
36511
36526
36527
36530
36532
36533
36535
36536
36542
36547
36549
36550
36551
36555
36559
36561
36562
36564
36567
36574
36576
36577
36578
36579
36580
26 in total
City
Bay Minette
Bon Secour
Daphne
Spanish Fort
Elberta
Fairhope
Fairhope
Foley
Foley
Gulf Shores
Gulf Shores
Lillian
Little River
Loxley
Magnolia Springs
Montrose
Orange Beach
Perdido
Point Clear
Robertsdale
Seminole
Silverhill
Spanish Fort
Stapleton
Stockton
Summerdale
State
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
AL
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
Source: www.getzips.com
8/32
MARKET WATCH
Table 1.
2007 Spring / Summer Office Properties
Mobile and Baldwin
Advertised For Lease
Asking Lease Rate per S.F. by Zipcode
property
number
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
id number
number
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
1
115
116
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
zipcode
asking lease s.f. total advertised s.f.
number
dollars
number
36507
1,260
36526
7,440
36526
12.00
36526
12.00
10,000
36526
13.35
7,868
36526
6.00
7,000
36526
6.70
11,266
36526
5.62
3,500
36526
16.00
13,950
36526
6.00
6,400
36527
16.00
6,000
36532
16.50
36532
13.50
2,050
36532
15.50
2,550
36532
12.00
20,822
36532
16.00
5,400
36535
18.00
36535
17.00
12,000
36536
36536
17.00
12,803
36542
16.01
17,700
36542
14.00
936
36542
18.75
2,600
36544
7.14
2,100
36559
12.00
1,200
36561
15.00
5,893
36582
6.00
7,900
36582
8.00
14,000
36582
7.50
2,800
36582
8.40
5,000
36601
10.00
7,500
36601
21.00
8,750
36602
16.00
105,226
36602
10.00
22,000
36602
12.50
5,670
36602
14.00
282,745
36602
13.50
93,000
36602
14.00
3,208
36602
21.00
9,000
36602
16.00
16,000
36602
14.00
12,132
36602
8,100
36602
10.50
36602
8.00
8,000
9/32
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
36602
36602
36602
36602
36602
36602
36602
36602
36602
36603
36603
36604
36604
36604
36604
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
36607
36607
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
36609
36609
36609
36609
15.00
8.00
16.50
14.00
16.00
9.00
13.00
14.50
12.50
8.00
15.49
3.50
15.00
10.00
7.50
16.50
13.50
14.00
14.00
13.18
15.50
16.50
10.20
12.00
11.00
6.67
13.50
13.50
17.00
9.00
12.00
26.00
26.00
11.00
16.00
12.00
16.50
13.00
11.00
6.92
13.50
4.00
12.00
9.00
12.00
14.00
12.00
13.00
5.83
10.20
11.00
11.50
8.00
9,371
19,000
15,000
172,853
8,000
9,962
15,592
2,273
10,280
32,160
4,000
4,000
14,880
9,000
80,000
71,677
117,565
7,500
8,000
55,276
60,000
1,900
1,000
1,760
6,400
11,200
28,716
8,436
72,000
1,400
90,000
62,239
11,100
20,000
1,518
42,000
45,700
6,240
127,766
10,000
12,000
21,000
4,800
6,000
38,000
30,000
1,750
7,530
2,000
23,000
4,000
10/32
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
median
properties reporting
36609
36609
36609
36609
36609
36619
36619
36693
36693
36693
36695
36695
36695
36695
36695
36695
12.00
13.00
11.00
12.00
55,944
99,616
11,813
95,656
5,000
12.00
11.00
11.25
5.75
11.33
10.00
3.50
12.00
11.00
14.00
12.00
$
12.00
108
10,000
8,050
15,300
900
29,070
7,500
1,200
9,500
9,371
103
11/32
MARKET WATCH
Table 2.
2007 Spring/Summer Office Properties
Mobile and Baldwin
Advertised For Lease
Calculated Vacancy Rate by Zipcode
property
number
1
id number
zipcode
number
number
92
36507
total advertised s.f. advertised avail. s.f.
number
number
calculated
vacancy rate
%
1,260
2
3
4
5
6
7
8
9
10
93
94
95
96
97
98
99
100
101
36526
36526
36526
36526
36526
36526
36526
36526
36526
7,440
10,000
7,868
7,000
11,266
3,500
13,950
6,400
11
102
36527
6,000
12
13
14
15
16
103
104
105
106
107
36532
36532
36532
36532
36532
17
18
108
109
19
20
7,700
3,297
800
32.97
10.17
11,266
100.00
1,129
6,400
8.09
100.00
2,050
2,550
20,822
5,400
5,500
2,050
2,550
10,000
5,400
100.00
100.00
48.03
100.00
36535
36535
12,000
40,000
3,582
29.85
110
111
36536
36536
12,803
5,000
39.05
21
22
23
112
113
114
36542
36542
36542
17,700
936
2,600
800
936
2,600
4.52
100.00
100.00
24
1
36544
2,100
2,100
100.00
25
115
36559
1,200
1,200
100.00
26
116
36561
5,893
5,893
100.00
27
28
29
30
2
3
4
5
36582
36582
36582
36582
7,900
14,000
2,800
5,000
5,000
6,600
2,800
5,000
63.29
47.14
100.00
100.00
31
32
6
7
36601
36601
7,500
8,750
1,850
8,750
24.67
100.00
33
34
35
36
37
38
39
40
41
8
9
10
11
12
13
14
15
16
36602
36602
36602
36602
36602
36602
36602
36602
36602
105,226
22,000
5,670
282,745
93,000
3,208
9,000
16,000
12,132
6,500
5,670
35,469
40,000
3,208
29.55
100.00
12.54
43.01
100.00
11,000
12,132
68.75
100.00
12/32
42
43
44
45
46
47
48
49
50
51
52
53
17
18
19
20
21
22
23
24
25
26
27
28
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
8,100
54
55
29
30
36603
36603
2,273
10,280
3,040
29.57
56
57
58
59
31
32
33
34
36604
36604
36604
36604
32,160
4,000
4,000
14,880
32,160
2,120
4,000
2,180
100.00
53.00
100.00
14.65
60
61
62
63
64
65
66
67
68
69
35
36
37
38
39
40
41
42
43
44
36606
36606
36606
36606
36606
36606
36606
36606
36606
36606
9,000
80,000
71,677
117,565
7,500
8,000
55,276
60,000
1,900
31,177
3,000
71,677
3.75
100.00
1,600
7,231
2,526
14,455
1,900
21.33
90.39
4.57
24.09
100.00
70
71
45
46
36607
36607
1,000
1,760
1,000
1,760
100.00
100.00
72
73
74
75
76
77
78
79
80
47
48
49
50
51
52
53
54
55
36608
36608
36608
36608
36608
36608
36608
36608
36608
6,400
11,200
28,716
8,436
72,000
1,400
90,000
62,239
6,400
1,500
4,000
8,436
100.00
13.39
13.93
100.00
1,400
10,000
51,942
60,000
100.00
11.11
83.46
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
36609
11,100
20,000
1,518
42,000
45,700
1,440
1,100
1,518
4,500
45,700
12.97
5.50
100.00
10.71
100.00
6,240
127,766
10,000
12,000
21,000
4,800
6,000
38,000
30,000
1,750
2,340
85,000
10,000
5,000
1,850
2,600
900
18,220
2,361
1,750
37.50
66.53
100.00
41.67
8.81
54.17
15.00
47.95
7.87
100.00
8,000
9,371
19,000
15,000
172,853
8,000
9,962
15,592
8,100
3,690
4,000
9,371
6,000
2,589
62,632
18,560
8,000
3,690
3,300
3,300
100.00
50.00
100.00
31.58
17.26
10.74
100.00
37.04
21.16
13/32
97
98
99
100
101
102
103
104
105
72
73
74
75
76
77
78
79
80
36609
36609
36609
36609
36609
36609
36609
36609
36609
7,530
2,000
23,000
4,000
55,944
99,616
11,813
95,656
5,000
7,530
2,000
5,800
4,000
15,000
57,351
7,205
11,834
2,500
100.00
100.00
25.22
100.00
26.81
57.57
60.99
12.37
50.00
106
107
81
82
36619
36619
10,000
3,000
4,100
41.00
108
109
110
83
84
85
36693
36693
36693
8,050
15,300
900
1,200
5,200
900
14.91
33.99
100.00
111
112
113
114
115
116
86
87
88
89
90
91
36695
36695
36695
36695
36695
36695
29,070
2,500
7,500
1,200
2,400
2,400
100.00
100.00
25.26
total s.f.
median s.f.
properties reporting
7,500
1,200
9,500
2,547,162
9,371.00
103
1,046,817
4,000.00
102
14/32
MARKET WATCH
Table 3.
2007 Spring/Summer Office Properties
Mobile and Baldwin
Total Market of Office Properties Advertised for Lease
Mobile
source
3
1
1
1
3
1
3
1
1
1
1
1
1
1
1
1
1
1
1
3
1
1
1
1
1
3
3
1
3
3
1
1
1
id number date period
number
months
1
Oct
2
sp/su
3
sp/su
4
sp/su
5
Oct
6
sp/su
7
Oct
8
sp/su
9
sp/su
10
sp/su
11
sp/su
12
sp/su
13
sp/su
14
sp/su
15
sp/su
16
sp/su
17
sp/su
18
sp/su
19
sp/su
20
Oct
21
sp/su
22
sp/su
23
sp/su
24
sp/su
25
sp/su
26
Oct
27
Oct
28
sp/su
29
Oct.
30
Oct
31
sp/su
32
sp/su
33
sp/su
date year zipcode
bldg name
year
number
name
2007
36544
2007
36582 Port City Office Park
2007
36582 Plantation Square
2007
36582 5973 U.S. Highway 90 West
2007
36582
2007
36601 803 Government Condominiums
2007
36601 Bienville Square Office Space
2007
36602 One St. Louis Centre
2007
36602 Staples-Pake Building
2007
36602 Conception Street
2007
36602 AmSouth Bank Building
2007
36602 Commerce Building
2007
36602 Scarpace House
2007
36602 Title Insurance Building
2007
36602 Park Building
2007
36602 Fort Conde Village
2007
36602 Downtown Building
2007
36602 3 Dauphin Street
2007
36602 Twentieth Century College
2007
36602 Church Street Office Building
2007
36602 450 Government Street
2007
36602 BAYPORT BUILDING
2007
36602 Wachovia Bank Building
2007
36602 Riverview Plaza Office Building
2007
36602 Tower on Ryan Park
2007
36602 Three Dauphin Street
2007
36602 Two South Water Street
2007
36602 Two South Water Street
2007
36603 300 State Street
2007
36603 9 Dauphin Street
2007
36604 1450 Center Street
2007
36604 2058 Government Blvd
2007
36604 Office in Historic Oakleigh District
location
address
9196 Irvington BLB Hwy
6140 Rangeline Road
Old Pascagoula Rd.
5973 U.S. Highway 90 West
5520 Business Pkwy, #1
803 Government St
Bienville Square Office Space
1 St Louis Street
100 N. Royal Street
101 North Conception Street
107 St. Francis Building
118 North Royal Street
160 St. Emanuel Street
164 St. Francis Street
200 Dauphin Street
200, 206 S Royal Street
251 St. Louis St
3 Dauphin Street
352 Government Street
401 Church Street
450 Government Street
5 Dauphin Street
61 St. Joseph Street
63 S. Royal Street
758 St. Michael Street
Three Dauphin Street
Two South Water Street
Two South Water Street, 4th Floor
300 State Street
9 Dauphin Street
1450 Center Street
2058 Government Blvd
1070 Government St.
yr blt
year
1950
1987
2001
1905
yr reno no. floors
year
number
1991
prking
number
Free
Free
2004
1
2
2007
2
Free
1986
N/A
1965
1950
1916
2001
2001
2004
1904
1984
1950
1979
1979
1997
1985
Leased
Free
3
Leased
Free
Free
ample
Free
3
Leased
2001
4
9
1979
1903
2004
1
3
Free
Free
15/32
total s.f.
price s.f. avail s.f. smal cont lgst cont
number
dollars
number number number
2,100
7.14
2,100
7,900
6.00
5,000
1,800
3,900
14,000
8.00
6,600
2,800
7.50
2,800
5,000
8.40
5,000
7,500
10.00
1,850
1,850
1,850
8,750
21.00
8,750
105,226
16.00
22,000
10.00
6,500
440
3,000
5,670
12.50
5,670
282,745
14.00
35,469
506
7,922
93,000
13.50
40,000
1,500
8,227
3,208
14.00
3,208
9,000
21.00
16,000
16.00
11,000
1,200
6,000
12,132
14.00
12,132
2,000
3,100
8,100
8,100
8,100
8,100
10.50
3,690
8,000
8.00
4,000
4,000
4,000
9,371
15.00
9,371
19,000
8.00
6,000
1,400
3,000
15,000
16.50
2,589
2,589
2,589
14.00
62,632
833
4,175
172,853
16.00
18,560
2,141
12,567
8,000
9.00
8,000
3,000
9,962
13.00
3,690
15,592
14.50
3,300
12.50
3,300
2,273
8.00
10,280
15.49
3,040
32,160
3.50
32,160
4,332
27,828
4,000
15.00
2,120
1,120
2,120
4,000
4,000
4,000
4,000
company
name
Prudential Cooper & Co., Inc. Commercial Division
Port City Realty
Delaney Development
Gleason and Associates, Inc.
Prudential Cooper & Co., Inc. Commercial Division
Irvine Co Inc
Grubb & Ellis
John Toomey & Company, Inc.
Helix Properties, Inc.
Saad & Vallas Realty Group, LLC
John Toomey & Company, Inc.
The McAleer Tunstall Company LLC
Fort Conde Restoration Venture, L.L.C.
Peebles & Cameron, L.L.C.
Helix Properties, Inc.
Peebles & Cameron, L.L.C.
NAI Heggeman Realty Co., Inc.
Watson Realty, Inc.
Helix Properties, Inc.
Grubb & Ellis
The McAleer Tunstall Company LLC
Metcalfe & Company, Inc.
John Toomey & Company, Inc.
Riverview Plaza Office Building
Gulfbelt Properties, Inc.
Watson Realty, Inc.
Watson Realty, Inc.
Watson Realty, Inc.
John Toomey & Company, Inc.
White-Spunner and Associates, Inc.
Saad & Vallas Realty Group, LLC
Gleason and Associates, Inc.
Prudential Cooper & Co., Inc. Commercial Division
agent
name
Bob Cooper
Julie Martin
Terry McKinney
Tommy Gleason Jr.
David Cooper
S. Starke Irvine
Debra Price
John Toomey
Marc Watkins
John Vallas, Jr.
John Toomey
Michael McAleer
Lawrence Posner
John D. Peebles
Marc Watkins
Allan Cameron, Jr.
Mitchum Jackson
Ralph Neal, III
Marc Watkins
Debra Price
Michael McAleer
Brian Metcalfe
John Toomey
Kathy Hudson
Gordon Napper
Ralph Neal, III
Ralph Neal, III
Ralph Neal, III
Dan Graney
Pat Taylor
Gregory Saad, CCIM
Tommy Gleason Jr.
Bob Cooper
email
address
bobcooper@prucooper.com
julie@portcityrealty.com
terrym@delaneyinc.net
tommygleason@gleasonre.com
starke@irvinecoinc.com
johntoomey@johntoomeycompany.com
Mwatkins@Helix-group.com
jvallas@saad.com
johntoomey@johntoomeycompany.com
mikemarx@bellsouth.net
lposnerny@earthlink.net
jpeebles@peeblesandcameron.com
Mwatkins@Helix-group.com
acameron@peeblesandcameron.com
mjackson@heggeman.com
WatsonRealtyInc@aol.com
Mwatkins@Helix-group.com
mikemarx@bellsouth.net
brian@metcalfeco.com
johntoomey@johntoomeycompany.com
khudson@riverviewplaza.net
Gulfbelt@aol.com
WatsonRealtyInc@aol.com
WatsonRealtyInc@aol.com
WatsonRealtyInc@aol.com
gregsaad@saad.com
tommygleason@gleasonre.com
bobcooper@prucooper.com
16/32
3
1
3
1
1
1
3
3
34
35
36
37
38
39
40
41
Oct
sp/su
Oct
sp/su
sp/su
sp/su
Oct
Oct
2007
2007
2007
2007
2007
2007
2007
2007
36604
36606
36606
36606
36606
36606
36606
36606
1
1
1
1
3
1
1
1
1
1
1
1
3
1
1
1
1
1
1
1
3
1
1
1
1
3
1
1
3
3
3
1
1
1
1
1
1
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
sp/su
sp/su
sp/su
sp/su
Oct
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
Oct
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
Oct
sp/su
sp/su
sp/su
sp/su
Oct
sp/su
sp/su
Oct.
Oct
Oct
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
36606
36606
36606
36607
36607
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
36609
36609
36609
36609
36609
36609
36609
1365 Government St.
Heron Plaza
2601 Emogene Street
Xanteí Center
Office Mall
Hilton Square
3200 Executive Park Circle
Sage Avenue
CNI CENTER DAUPHIN
65 OFFICE COMPLEX
Infirmary 65
358 Morgan Ave
2450 Old Shell Road
3158 Old Shell Road
124 University
Office Warehouse Spaces For Lease
Dauphin Square
Dauphin Square
Colonial Bank Centre
602 Azalea Rd
Yester Oaks Shopping Center
Spring Hill Business Park
Spring Hill Business Park
Montlimar Square
1015 Montlimar
Montlimar Place
Paramount Center
Gateway Center
Luce Building
2518 Commercial Park Dr.
Bel Air Park
WAREHOUSE SPACE
4300 Downtowner Loop N
Downtowner North Building
CostFlex Building
Summitt Building
Azalea Office Park
Regency Office Park
Rangeline Road
618 Azalea Rd
Azalea Rd. Office Space for Lease
CottageCrest Village
812 Downtowner Blvd.
University Place
Regions Bank Tower
857 Downtowner Blvd
1365 Government St.
2504 Dauphin Street
2601 Emogene Street
2800 Dauphin Street
3100 Cottage Hill Rd.
3103 Airport Blvd.
3200 Executive Park Circle
328 S Sage Ave
3280 Dauphin Street
3290 Dauphin Street
358 Morgan Ave
2450 Old Shell Road
3158 Old Shell Road
124 University
3540 Pleasant Valley Rd
3660-3664 Dauphin Street
3662 Dauphin Street
41 West I-65 Service Road North
602 Azalea Rd
Airport Blvd. At I-65
Old Shell Road & Dauphin Street
1015 Montlimar B,C and D
1015 Montlimar Drive
1110 Montlimar Drive
1141 Montlimar Drive
1201 Montlimar Drive
1400 Montlimar Drive
2518 Commercial Park Dr.
2970 Cottage Hill Road
3400 GEORGIA PACIFIC
4300 Downtowner Loop N
4318 Downtowner loop North
4320 Boulevard Pk S
4332 Boulevard Park South
572 - 578 Azalea Road
5901 Airport Blvd
6161 Rangeline Road
618 Azalea Rd
620 Azalea Road
6345 Cottage HIll Rd
812 Downtowner Blvd.
820 University Boulevard
851 East I-65 Svc. Rd. South
857 Downtowner Blvd
1966
1
2
5 / 1000 s.f.
Free
3.25 / 1000 s.f.
Free
Free
1
4/1000 s.f.
2003
1
2006
1980
1
1
1
Free
Free
Free
Free
1997
1
1978
1985
1986
1970
1978
1980
1950
Free
Free
Free
1997
1
1980
2008
1991
1989
1987
1986
1988
1998
2002
2002
6
2003
1970
1977
2
2
10
1
1
Free
Free
Free
Free
Free
1
1979
1980
2004
2003
1
Free
Free
1989
1980
1985
2006
2006
2
1
2
Free
Free
4/1000 s.f.
1986
1986
1992
1990
1985
1970
1978
1
1
1
2004
2006
10
1
Free
Free
Free
Free
Free
Free
17/32
14,880
9,000
80,000
71,677
117,565
7,500
8,000
55,276
60,000
1,900
1,000
1,760
6,400
11,200
28,716
8,436
72,000
1,400
90,000
62,239
11,100
20,000
1,518
42,000
45,700
6,240
127,766
10,000
12,000
21,000
4,800
6,000
38,000
30,000
1,750
7,530
2,000
23,000
4,000
55,944
99,616
11,813
10.00
2,180
880
7.50
16.50
13.50
14.00
14.00
13.18
31,177
3,000
71,677
12,643
3,000
400
1,433
15.50
16.50
2,526
14,455
1,900
1,000
1,760
6,400
1,500
4,000
8,436
10.20
12.00
11.00
6.67
13.50
13.50
17.00
9.00
12.00
26.00
26.00
11.00
16.00
12.00
16.50
13.00
11.00
6.92
13.50
4.00
12.00
9.00
12.00
14.00
12.00
13.00
5.83
10.20
11.00
11.50
8.00
12.00
13.00
11.00
1,600
7,231
1,400
10,000
51,942
60,000
1,440
1,100
1,518
4,500
45,700
2,340
85,000
10,000
5,000
1,850
2,600
900
18,220
2,361
1,750
7,530
2,000
5,800
4,000
15,000
57,351
7,205
1,300 Prudential Cooper & Co., Inc. Commercial Division
Cummings & Associates, Inc.
18,534 Ward Properties, Inc.
3,000 Metcalfe & Company, Inc.
12,000 John Toomey & Company, Inc.
8,600 John Toomey & Company, Inc.
John Toomey & Company, Inc.
3,300 M. J. Baxter and Associates , LLC
Angela McArthur
Marl Cummings, III
Rudolph Turner
Brian Metcalfe
John Toomey
John Toomey
Dan Graney
angiemcarthur@prucooper.com
marl@cummingsassoc.com
1,900
1,000
1,760
1,249
10,200
1,900
1,000
1,760
scott@mcaleertunstall.com
camezquita@saad.com
ccooper@saad.com
jsmith@saad.com
1,500
600
860
1,000
1,400
2,500
3,425
1,500
3,000
3,948
4,000
1,400
10,000
11,825
1,518
4,500
1,518
4,500
45,700
780
500
1,560
60,000
2,500
750
5,000
1,850
396
363
4,461
1,476
2,000
2,300
1,100
1,230
607
1,400
2,000
2,300
4,000
7,000
9,633
4,920
Scott Chambliss
Christie Amezquita
Cher Cooper
Justin Smith
Marl M. Cummings
David Roberts, Jr.
Angela McArthur
David Roberts, Jr.
David Roberts, Jr.
Alex Pate
Allan Cameron, Jr.
Terry McKinney
Christie Amezquita
Cher Cooper
Tommy Gleason Jr.
Tommy Gleason Jr.
C. David Tisher
Tommy Gleason Jr.
Scotty Wells
Bernie Heggeman
Tommy Gleason Jr.
John Toomey
Scotty Wells
Tommy Gleason Jr.
David Stein
James Ryan
Tommy Gleason Jr.
Dan Graney
Dan Graney
Pat Taylor
Todd Drummond
Angela McArthur
Michael McAleer
Judy Belk
Jason Scott
Jason Scott
Cher Cooper
150
347
The McAleer Tunstall Company LLC
Saad & Vallas Realty Group, LLC
Saad & Vallas Realty Group, LLC
Saad & Vallas Realty Group, LLC
Cummings & Associates, Inc.
Roberts Brothers Commercial & Property Management, Inc.
Prudential Cooper & Co., Inc. Commercial Division
Roberts Brothers Commercial & Property Management, Inc.
Roberts Brothers Commercial & Property Management, Inc.
The Mitchell Company, Inc.
Peebles & Cameron, L.L.C.
Delaney Development
Saad & Vallas Realty Group, LLC
Saad & Vallas Realty Group, LLC
Gleason and Associates, Inc.
Gleason and Associates, Inc.
Peebles & Cameron, L.L.C.
Gleason and Associates, Inc.
Peebles & Cameron, L.L.C.
NAI Heggeman Realty Co., Inc.
Gleason and Associates, Inc.
John Toomey & Company, Inc.
Peebles & Cameron, L.L.C.
Gleason and Associates, Inc.
Stein Investments, Inc.
Costflex Systems, Inc
Gleason and Associates, Inc.
John Toomey & Company, Inc.
John Toomey & Company, Inc.
White-Spunner and Associates, Inc.
The Drummond Group
Prudential Cooper & Co., Inc. Commercial Division
The McAleer Tunstall Company LLC
BELK DEVELOPMENT COMPANY
John Toomey & Company, Inc.
John Toomey & Company, Inc.
Saad & Vallas Realty Group, LLC
brian@metcalfeco.com
johntoomey@johntoomeycompany.com
johntoomey@johntoomeycompany.com
droberts@robertsbrotherscpm.com
angiemcarthur@prucooper.com
droberts@robertsbrotherscpm.com
droberts@robertsbrotherscpm.com
apate@mitchellcompany.com
acameron@peeblesandcameron.com
terrym@delaneyinc.net
camezquita@saad.com
ccooper@saad.com
tommygleason@gleasonre.com
tommygleason@gleasonre.com
dtishter@peeblescameron.com
tommygleason@gleasonre.com
swells@peeblesandcameron.com
bheggeman@heggeman.com
tommygleason@gleasonre.com
johntoomey@johntoomeycompany.com
swells@peeblesandcameron.com
tommygleason@gleasonre.com
Steininv@aol.com
tommygleason@gleasonre.com
dgraney@johntoomwycompany.com
angiemcarthur@prucooper.com
mikemarx@bellsouth.net
belkdevelopment@aol.com
jscott@johntoomeycompany.com
jscott@johntoomeycompany.com
ccooper@saad.com
18/32
1
3
1
3
3
3
3
1
1
1
1
1
3
79
80
81
82
83
84
85
86
87
88
89
90
91
sp/su
Oct
sp/su
Oct
Oct
Oct
Oct
sp/su
sp/su
sp/su
sp/su
sp/su
Oct
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
36609
36609
36619
36619
36693
36693
36693
36695
36695
36695
36695
36695
36695
Executive Center Complex I
Musial Dental Center
Old Pascagoula Road
Hillcrest Park Court
3709 Lakeside Dr S
Hillcrest Square
920-924 Butler Dr.
1105 Hillcrest Road
Grelot Professional Park
Schillinger Professional Center
Cumberland Place
900 & 917 Western Americ
Two Office Park - 273 Azalea Road
5011 Government Street
5858 Old Pascagoula Road
6417 Hillcrest Park Court
3709 Lakeside Dr S
4084-B Government Blvd
1000 Hillcrest Road
920-924 Butler Dr
1105 Hillcrest Road
5920 Grelot Rd Building G Ste. B
1535 Schillinger Rd S
7695 Cottage Hill Rd.
1978
2006
2006
Free
1981
1
1970
1999
2005
2000
Free
Free
1
1
Free
19/32
95,656
12.00
5,000 negotiable
12.00
10,000
11.00
8,050
11.25
15,300
5.75
900
11.33
29,070
10.00
3.50
7,500
12.00
1,200
11.00
9,500
14.00
12.00
11,834
2,500
3,000
4,100
1,200
5,200
900
2,500
7,500
1,200
2,400
2,400
188
250
1,500
1,200
1,200
1,932
2,500
3,000
4,100
2,800
1,012
2,500
2,500
1,200
2,400
1,200
4,212
3,600
7,500
1,200
2,400
2,400
John Toomey & Company, Inc.
The Regus Group Network
Saad & Vallas Realty Group, LLC
Saad & Vallas Realty Group, LLC
The Drummond Group
The Drummond Group
Prudential Cooper & Co., Inc. Commercial Division
John Toomey & Company, Inc.
The McAleer Tunstall Company LLC
Betbeze Realty Co., Inc.
Prudential Cooper & Co., Inc. Commercial Division
Cumbest Properties, Inc.
Prudential Cooper & Co., Inc. Commercial Division
John Toomey
Regus Call Center
Cher Cooper
Justin Smith
Todd Drummond
Todd Drummond
David Cooper
John Toomey
Michael McAleer
Joseph G. Betbeze, Jr.
Angela McArthur
Brent Cumbest
Angela McArthur
johntoomey@johntoomeycompany.com
ccooper@saad.com
jsmith@saad.com
johntoomey@johntoomeycompany.com
mikemarx@bellsouth.net
JoeyBetbeze@BetbezeRealty.com
angiemcarthur@prucooper.com
brent@cumbestproperties.com
angiemcarthur@prucooper.com
20/32
Baldwin
source
1
1
1
1
1
1
1
3
3
3
3
1
1
1
1
3
1
1
1
2
3
3
3
1
3
id number date period
number
months
92
sp/su
93
sp/su
94
sp/su
95
sp/su
96
sp/su
97
sp/su
98
sp/su
99
Oct
100
Oct
101
Oct
102
Oct
103
sp/su
104
sp/su
105
sp/su
106
sp/su
107
Oct
108
sp/su
109
sp/su
110
sp/su
111
Oct
112
Oct
113
Oct
114
Oct
115
sp/su
116
Oct
date year zipcode
bldg name
year
number
name
2007
36507
2007
36526 Daphne 98 Office Park
2007
36526 Bay Point
2007
36526 Center Point
2007
36526 Market Place Office
2007
36526 TkPark
2007
36526
2007
36526 TK
2007
36526 Carr Allison Building
2007
36526 Jubilee Gymnastics Building
2007
36527 Spanish Fort Plaza
2007
36532 Bon Aventure
2007
36532 Physicans Office/ Office Space
2007
36532 Park City Subdivision
2007
36532 Poser Building
2007
36532 Couture Brides and Belles
2007
36535 Foley Beach Express Center
2007
36535 Parkway Centre
2007
36536
2007
36536 Foley Medical Building
2007
36542 Commerce Park
2007
36542 Gulf Shores Professional Office
2007
36542 AG Edwards Phase II
2007
36559 Montrose Plaza
2007
36561 22989 Perdido Beach Blvd.
location
address
2402 US Hwy 31 S.
Highway 98
27880 Main St.
28810 US Hwy 98
1203 US 98
1018 Stanton Rd
8020 American Way
1014 Stanton Rd.
6251 Monroe Street
26120 Equity Drive
6450 US Hwy 90
Cipriano Ct
8076 Spring Run
111 Van Buren Street
7530 Parker Road
460 N Section St
Foley Beach Express
7801 Highway 59
8191 S. Highway 59
1628 North McKenzie Ave.
1544 W 2nd Street
214 D Professional Court
East 1st Street & East 19th Avenue
23937 U.S. Highway 98
22989 Perdido Beach Blvd.
yr blt yr reno no. floors
year
year
number
2004
prking
number
Free
1979
2000
1
1 Free
1
2
1 21 / 1000 sf.
2004
1996
1990
2000
2004
1997
1987
1935
2006
1995
2002
2007
2001
Free
1 Free
2
2 Free
1 Free
1 Free
1 6.4 (Park ratio)
1
Free
21/32
total s.f.
price s.f. avail s.f. smal cont lgst cont
number
dollars
number number number
1,260
7,440
12.00
7,700
1,800
7,700
10,000
12.00
3,297
1,440
3,297
7,868
13.35
800
7,000
6.00
11,266
6.70
11,266
3,500
5.62
1,200
3,500
13,950
16.00
1,129
6,400
6.00
6,400
6,000
16.00
560
6,000
16.50
5,500
900
4,100
2,050
13.50
2,050
2,550
15.50
2,550
20,822
12.00
10,000
1,500
8,500
5,400
16.00
5,400
600
4,800
18.00
40,000
12,000
17.00
3,582
1,600
1,982
12,803
17,700
936
2,600
1,200
5,893
17.00
16.01
14.00
18.75
12.00
15.00
5,000
800
936
2,600
1,200
5,893
1,000
5,000
936
936
1,200
2,400
2,400
5,893
company
name
Coldwell Banker Commercial JME Realty - Alabama
Cummings & Associates, Inc.
Delaney Development
Delaney Development
Coldwell Banker Reehl Prop. Comm. Div.
Blum Real Estate
Coldwell Banker Reehl Prop. Comm. Div.
Blum Real Estate
Cunningham, Foley & Barnes
Yance, Inge & Associates, Inc.
Saad & Vallas Realty Group, LLC
Irvine Co Inc
Leatherbury Real Estate
Coldwell Banker Reehl Prop. Comm. Div.
J. Barrons, LLC - Commercial
Prudential Cooper & Co., Inc. Commercial Division
Delaney Development
Re/Max of Orange Beach
Coldwell Banker Commercial JME Realty - Alabama
Birmingham Investment Realty
Kaiser Realty, Inc.
Kaiser Realty, Inc.
Watson Realty, Inc.
COLDWELL BANKER COMMERCIAL SUNCOAST
Cunningham, Foley & Barnes
agent
name
Sharon Wright
Matt Cummings
Terry McKinney
Terry McKinney
Dennis Frodsham
Stephanie Herron
Jacqueline Dyer
Stephanie Herron
Jeff Barnes
John Flynn
Christie Amezquita
S. Starke Irvine
Rich Helm
Thomas Galloney
Haran Hunter
Angela McArthur
Terry McKinney
Anna Lisa Nist
Sharon Wright
Adam S. Balzli
Stephen Jones
Stephen Jones
Ralph Neal
Cathy Taylor
David Milestead
email
address
swright@jmerealty.com
matt@cummingsassoc.com
terrym@delaneyinc.net
terrym@delaneyinc.net
dfrodsham@bellsouth.net
stephanieherron@worldnet.att.net
jacqueline.dyer@coldwellbanker.com
stephanieherron@worldnet.att.net
camezquita@saad.com
starke@irvinecoinc.com
noriscon@aol.com
Tgalloney@bellsouth.net
haran@haranhunter.com
angiemcarthur@prucooper.com
terrym@delaneyinc.net
annalisanist@gulftel.com
swright@jmerealty.com
cathy-taylor@msn.com
22/32
MARKET WATCH
Table 4.
2007 Spring/Summer Office Properties
Mobile and Baldwin
Advertised Sales Price per S.F. by Zipcode
property
id number
zipcode
advertised sales price
advertised bldg. s.f.
number
number
number
36522
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36532
36532
36532
36532
36532
36535
36535
36535
36542
36559
36567
36571
36575
36575
36576
36582
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
dollars
number
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
1
73
74
75
76
77
78
79
84
85
89
90
95
96
98
80
81
82
86
91
93
94
97
92
83
87
52
2
42
88
3
4
5
6
7
8
9
10
38
39
44
47
54
55
56
375,000
800,000
1,800,000
1,975,000
3,000,000
444,256
207,000
209,920
1,975,000
1,350,000
475,000
1,249,000
475,000
420,000
450,000
619,380
690,680
619,380
1,100,000
289,000
1,475,000
890,000
725,000
564,900
350,000
385,000
165,000
350,000
129,900
825,000
156,250
189,000
840,000
360,000
1,250,000
900,000
1,000,000
1,135,000
4,500,000
345,000
495,000
399,000
399,000
399,000
7500
11000
8680
37,250
8,700
3,700
8,200
3,700
6,400
3,750
1998
2228
1998
5,400
2,680
7,840
12,000
4,680
21,000
13,600
19,250
1,400
2,000
12,360
1,250
3,806
70,000
25,600
28,000
97,949
7,000
4,600
1,510
1,510
1,510
23/32
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
57
58
59
60
61
62
63
64
11
12
13
14
67
70
15
16
17
18
19
20
43
50
71
21
22
41
48
51
23
46
69
24
25
26
27
28
29
40
53
68
30
31
45
72
32
33
49
65
34
35
36
37
66
median
properties reporting
36602
36602
36602
36602
36602
36602
36602
36602
36603
36604
36604
36604
36604
36604
36606
36606
36606
36606
36606
36606
36606
36606
36606
36607
36607
36607
36607
36607
36608
36608
36608
36609
36609
36609
36609
36609
36609
36609
36609
36617
36618
36618
36619
36682
36693
36693
36693
36693
36695
36695
36695
36695
36695
399,000
390,000
380,000
360,000
347,900
347,900
229,000
224,900
300,000
3,248,000
1,900,000
1,450,000
274,500
800,000
195,750
142,000
295,000
47,892
650,000
33,636
200,000
4,590,000
9,600,000
975,000
250,000
320,000
300,000
1,700,000
580,000
3,100,000
2,400,000
6,500,000
800,000
485,000
56,500
599,999
1,985,000
650,000
4,200,000
180,000
475,000
295,000
3,450,000
499,000
285,000
225,000
470,000
275,000
750,000
1,272,000
1,510
1,500
1,327
1,463
1,336
1,336
844
825
70,000
2,601
7,200
3,784
2,132
1,397
43,920
125,105
8,000
3,600
5,600
68,221
4,280
23,219
29,219
7,700
14,380
45,700
7,200
6,000
11,124
7,500
4,897
11,000
9,000
6,000
7,500
2,600
1,200,000
650,000
$
480,000.00
96
8,050
6,200
72
24/32
MARKET WATCH
Table 5.
2007 Spring/Summer Office Properties
Mobile and Baldwin
Advertised For Sale
Calculated Sales Price per S.F. by Zipcode
property id number zipcode
number
number
number
1
1
36522
sales price
site s.f. bldg. s.f.
dollars
number number
375,000
148,102
calculated sales price calculated sales price
per site s.f.
per bldg s.f.
dollars
dollars
2.53
2
3
4
5
6
7
8
9
10
11
12
13
14
15
73
74
75
76
77
78
79
84
85
89
90
95
96
98
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
36526
800,000
1,800,000
1,975,000
3,000,000
444,256
207,000
209,920
1,975,000
1,350,000
475,000
1,249,000
475,000
420,000
450,000
7500
11000
16
17
18
19
20
80
81
82
86
91
36532
36532
36532
36532
36532
619,380
690,680
619,380
1,100,000
289,000
21
22
23
93
94
97
36535
36535
36535
1,475,000
890,000
725,000
55,500
30,000
7,840
12,000
4,680
24
92
36542
69,695
21,000
25
83
36559
564,900
21,780
26
87
36567
350,000
27
52
36571
385,000
45,302
28
29
2
42
36575
36575
165,000
350,000
63,161
30
88
36576
129,900
11,000
2,000
11.81
64.95
31
3
36582
825,000
235,221
12,360
3.51
66.75
32
33
34
35
36
37
38
39
40
41
42
43
44
45
4
5
6
7
8
9
10
38
39
44
47
54
55
56
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
156,250
189,000
840,000
360,000
1,250,000
900,000
1,000,000
1,135,000
4,500,000
345,000
495,000
399,000
399,000
399,000
121,966
84,941
104,543
48,787
21,780
11,371
10,415
8680
37,250
8,700
3,700
8,200
3,700
6,400
3,750
1998
2228
1998
5,400
2,680
106.67
163.64
16.19
35.32
18.89
9.74
19.28
39.57
105.62
26.58
29.67
19,250
310.00
310.00
310.00
203.70
107.84
188.14
74.17
154.91
25.74
8.50
20.00
2.61
1,400
250.00
1,250
125.00
3,806
70,000
94.59
17.86
30,491
5,800
53.02
155.17
128.38
152.32
128.38
65.63
120.00
25.94
13,600
12,600
345.62
29.52
25,600
28,000
97,949
7,000
4,600
1,510
1,510
1,510
90.08
59.48
39.06
40.54
45.94
49.29
107.61
264.24
264.24
264.24
25/32
46
47
48
49
50
51
52
53
57
58
59
60
61
62
63
64
36602
36602
36602
36602
36602
36602
36602
36602
54
11
36603
300,000
16,117
55
56
57
58
59
12
13
14
67
70
36604
36604
36604
36604
36604
3,248,000
1,900,000
1,450,000
274,500
800,000
93,653
56,627
10,900
30,000
60
61
62
63
64
65
66
67
68
15
16
17
18
19
20
43
50
71
36606
36606
36606
36606
36606
36606
36606
36606
36606
195,750
142,000
295,000
47,892
650,000
33,636
200,000
4,590,000
9,600,000
69
70
71
72
73
21
22
41
48
51
36607
36607
36607
36607
36607
975,000
250,000
320,000
300,000
1,700,000
74
75
76
23
46
69
36608
36608
36608
580,000
3,100,000
2,400,000
77
78
79
80
81
82
83
84
24
25
26
27
28
29
40
53
36609
36609
36609
36609
36609
36609
36609
36609
6,500,000 1,393,903
800,000
30,491
485,000
21,780
56,500
599,999
51,836
1,985,000
130,678
650,000
33,000
4,200,000
156,814
85
68
36617
180,000
86
87
30
31
36618
36618
475,000
295,000
54,449
88
45
36619
3,450,000
49,222
89
72
36682
499,000
90
91
92
93
32
33
49
65
36693
36693
36693
36693
285,000
225,000
470,000
275,000
21,780
47,915
34,848
13,000
94
95
96
97
98
34
35
36
37
66
36695
36695
36695
36695
36695
750,000
1,272,000
47,915
median
properties reporting
median sales price
per site s.f.
median sales price
per bldg s.f.
399,000
390,000
380,000
360,000
347,900
347,900
229,000
224,900
1,510
1,500
1,327
1,463
1,336
1,336
844
825
264.24
260.00
286.36
246.07
260.40
260.40
271.33
272.61
18.61
70,000
20.29
25.61
25.18
26.67
2,601
7,200
27.14
105.54
111.11
3,784
51.73
2,132
138.37
278,781
1,397
43,920
125,105
34.44
143.16
104.51
76.74
10,000
37,500
135,034
8,000
3,600
5,600
68,221
32.00
8.00
12.59
31.25
88.89
53.57
24.92
217,797
130,678
4,280
23,219
29,219
14.23
18.37
135.51
133.51
82.14
7,700
4.66
26.24
22.27
62.99
14,380
45,700
11.57
15.19
19.70
26.78
45.20
91.90
6,000
8.72
79.17
11,124
70.09
310.14
13.09
4.70
13.49
21.15
58.20
20.45
52.22
45.83
7,200
25.00
7,500
66.53
4,897
11,000
9,000
6,000
7,500
100.00
26.55
2,600
1,200,000
650,000
$
480,000.00
96
8,050
47,915
44
80.75
6,200
72
$
19.70
$
106.10
26/32
MARKET WATCH
Table 6.
2007 Spring/Summer Office Properties
Mobile and Baldwin
Masterfile of Office Properties Advertised for Sale
Mobile
source
id number
number
1
1
1
1
1
1
3
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
3
3
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
date period
months
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
Oct
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
sp/su
Oct
Oct
date year
year
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
zipcode
number
36522
36575
36582
36602
36602
36602
36602
36602
36602
36602
36603
36604
36604
36604
36606
36606
36606
36606
36606
36606
36607
36607
36608
36609
36609
36609
36609
36609
36609
36618
36618
36693
36693
36695
36695
36695
36695
36602
36602
bldg name
location
name
address
Office/Warehouse
8175 Joy Street
Moffett Road - Lot 2
7930 Moffett Road
12,360sf Office / Warehouse
5826 Larue Steiner Rd.
303 St. Louis Street
303 St. Louis Street
Across from entrance to Alabama Stat61 Dekle Drive
Professional Office Space
401 Chruch Street
The Philippi-Mastin House
300 St. Francis Street
Kress Building
115 Dauphin Street
Metals USA
210 St. Joseph St
200 Government House
200 Government Street
701 St Louis
701 St Louis
Gardner Middlebrooks
1119 Government Street
Office Building for Sale - Government 951 Government Street
Historic Piser-Drinkard Home For Sale1070 Government St.
2764 Mauvilla Drive
2764 Mauvilla Drive
Dauphin Square Connector - Lot 1
Dauphin Square Connector - Lot 1
Dauphin Street Office Building
2 South Florida Street
Azalea Road - Lot 5
563 Azalea Road - Lot 5
Professional Office Building
2610 Dauphin St
Dauphin Square Connector - Lot 2
2 Dauphin Square Connector
Interstate-65 Service Road
212 Interstate-65 Service Road North
Ashbee Building
2817 Springhill Avenue
Spring Hill Avenue
3475 Spring Hill Avenue
1400 University Boulevard
1400 University Boulevard
Professional Office For Sale
110 N. Lafayette
4366 Midmost Drive
4366 Midmost Drive
Boulevard Executive Park E, #22
0 Boulevard Park E, #22
J H Rich
1455 Montlimar Court
Great Medical or Office Building
6110 Grelot Rd
Criswell Building
4103 Moffett Road
5101 Moffett Road
5101 Moffett Road
Single or Tri-Plex Office Building
1398 Azalea Rd
11,000sf Office Warehouse
2800 Lees Lane
1105 Hillcrest Road
1105 Hillcrest Road
AT&T Wireless
2070 Schillinger Rd South
Winthrop Square - Lot 5 Building 4
800 Hillcrest road
7785 Cottage Hill Road
7785 Cottage Hill Road
Staples Pake Building
100 N Royal St.
Wachovia Bank Building
61 St. Joseph Street
space avail
number
148,102
63,161
12,360
1,250
70,000
30,491
25,600
16,117
70,000
56,627
3,784
2,132
8,000
4,280
1,393,903
30,491
7,700
51,836
130,678
6,000
4,897
11,000
7,500
47,915
2,600
sales price
dollars
375,000
165,000
825,000
156,250
189,000
840,000
360,000
1,250,000
900,000
1,000,000
300,000
3,248,000
1,900,000
1,450,000
195,750
142,000
295,000
47,892
650,000
33,636
975,000
250,000
580,000
6,500,000
800,000
485,000
56,500
599,999
1,985,000
475,000
295,000
285,000
225,000
750,000
1,272,000
1,200,000
1,135,000
4,500,000
site s.f.
number
148,102
63,161
235,221
30,491
16,117
93,653
56,627
1,393,903
30,491
21,780
51,836
130,678
54,449
21,780
47,915
47,915
12,600
27/32
bldg. s.f.
number
12,360
1,250
3,806
70,000
25,600
70,000
3,784
2,132
8,000
4,280
7,700
6,000
4,897
11,000
7,500
2,600
28,000
97,949
company
name
Peebles & Cameron, L.L.C.
Cummings & Associates, Inc.
Prudential Cooper & Co., Inc. Commercial Division
White-Spunner and Associates, Inc.-Baldwin Co.
Peebles & Cameron, L.L.C.
Peebles & Cameron, L.L.C.
Peebles & Cameron, L.L.C.
Cummings & Associates, Inc.
Peebles & Cameron, L.L.C.
Malkove & Associates, Inc.
NAI Heggeman Realty Co., Inc.
Saad & Vallas Realty Group, LLC
Prudential Cooper & Co., Inc. Commercial Division
Prudential Cooper & Co., Inc. Commercial Division
Betbeze Realty Co., Inc.
Cummings & Associates, Inc.
Saad & Vallas Realty Group, LLC
Cummings & Associates, Inc.
Peebles & Cameron, L.L.C.
Cummings & Associates, Inc.
Metcalfe & Company, Inc.
Saad & Vallas Realty Group, LLC
M.J. Baxter & Associates, LLC
White-Spunner and Associates, Inc.-Baldwin Co.
Peebles & Cameron, L.L.C.
Betbeze Realty Co., Inc.
Cummings & Associates, Inc.
NAI Heggeman Realty Co., Inc.
NAI Heggeman Realty Co., Inc.
Saad & Vallas Realty Group, LLC
Metcalfe & Company, Inc.
Coldwell Banker JME Realty - Mobile
Prudential Cooper & Co., Inc. Commercial Division
Betbeze Realty Co., Inc.
NAI Heggeman Realty Co., Inc.
Cummings & Associates, Inc.
Metcalfe & Company, Inc.
Cummings & Associates, Inc.
Grubb & Ellis
agent
name
C. David Tisher
Marl Cummings, IV
Bob Cooper
Jeremy B. Milling
C. David Tisher
C. David Tisher
Scotty Wells
Burton Clark
Allan Cameron, Jr.
Bernard Malkove
Mitchum Jackson
Christie Amezquita
Angela McArthur
Bob Cooper
Joseph G. (Joey) Betbeze, Jr.
Matt Cummings
Tim Herrington
Marl Cummings, III
Allan Cameron, Jr.
Marl Cummings, III
Adam Metcalfe
Justin Smith
Margery J. Baxter
Jeremy B. Milling
C. David Tisher
Joseph G. (Joey) Betbeze, Jr.
Burton Clark
Mitchum Jackson
Mitchum Jackson
Justin Smith
Adam Metcalfe
Don Parden
Bob Cooper
Joseph G. (Joey) Betbeze, Jr.
Marietta Urquhart
Marl Cummings, IV
Adam Metcalfe
Marl M. Cummings
William Scott Wells
email
address
dtishter@peeblescameron.com
marl4@cummingsassoc.com
bobcooper@prucooper.com
jeremy@white-spunnerassoc.com
dtishter@peeblescameron.com
dtishter@peeblescameron.com
swells@peeblesandcameron.com
burton@cummingsassoc.com
acameron@peeblesandcameron.com
malkoveassociate@bellsouth.net
mjackson@heggeman.com
camezquita@saad.com
angiemcarthur@prucooper.com
bobcooper@prucooper.com
JoeyBetbeze@BetbezeRealty.com
matt@cummingsassoc.com
therrington@saad.com
marl@cummingsassoc.com
acameron@peeblesandcameron.com
marl@cummingsassoc.com
adam@metcalfeco.com
jsmith@saad.com
mjbaxter.ccim@comcast.net
jeremy@white-spunnerassoc.com
dtishter@peeblescameron.com
JoeyBetbeze@BetbezeRealty.com
burton@cummingsassoc.com
mjackson@heggeman.com
mjackson@heggeman.com
jsmith@saad.com
adam@metcalfeco.com
dparden@exithillcrest.com
bobcooper@prucooper.com
JoeyBetbeze@BetbezeRealty.com
murquhart@heggeman.com
marl4@cummingsassoc.com
adam@metcalfeco.com
28/32
3
3
3
3
3
3
3
3
40
41
42
43
44
45
46
47
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
2007
2007
2007
2007
2007
2007
2007
2007
36609
36607
36575
36606
36602
36619
36608
36602
Southern Earth Sciences
Florida Street
2460 Schillinger Rd N
2008 Airport Blvd
St. Francis
INS Border Patrol Station
Airport Boulevard
Downtown Office Building
3
48
Oct
2007
36607 568 Western Drive
568 Western Drive
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
36693
36606
36607
36571
36609
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36602
36693
36695
36604
36617
36608
36604
3
3
71
72
Oct
Oct
2007
2007
36606 Bel Air Office Park
36682
3750 Halls Mill Rd.
501 Bel Air Boulevard
85 Sidney Phillips Dr
202 Highway 43 South
1201 Montlimar Drive
709 dauphin St Town House 1
709 Dauphin St Town House 2
709 Dauphin St Town House 3
709 Dauphin St Town House 4
709 Dauhin St Unit 2
709 Dauhin St Unit 6
709 Dauhin St Unit 1
709 Dauhin St Unit 7
709 Dauhin St Unit 3
709 Dauhin St Unit 4
709 Dauhin St Unit 5
1550 W I-65 Service Road S
6417 Hillcrest Park Ct
253 North Conception Street
3400 Beltline Park Drive North
7431 Airport Boulevard
110 N Lafayette Street
3100 Cottage Hill Road
(3101 International Drive)
5520 Business Pkwy, 1&2
Bel Air Office Building
Saraland Office/Warehouse
Gateway Center West
709 dauphin St Town House 1
709 Dauphin St Town House 2
709 Dauphin St Town House 3
709 Dauphin St Town House 4
709 Dauhin St Unit 2
709 Dauhin St Unit 6
709 Dauhin St Unit 1
709 Dauhin St Unit 7
709 Dauhin St Unit 3
709 Dauhin St Unit 4
709 Dauhin St Unit 5
Mark's Automotive Building
6417 Hillcrest Park Ct
North Conception St
Beltline Park Drive North
Airport Boulevard
Medical Office Building
762 Downtowner Loop West
62 North Florida Street
2460 Schillinger Rd N
2008 Airport Blvd
354 St. Francis Street
4425 Demotropolis Road
7431 Airport Boulevard
209 N. Joachim Street
650,000
320,000
350,000
200,000
345,000
3,450,000
3,100,000
495,000
33,000
10,000
5,800
49,222
217,797
300,000
37,500
470,000
4,590,000
1,700,000
385,000
4,200,000
399,000
399,000
399,000
399,000
390,000
380,000
360,000
347,900
347,900
229,000
224,900
275,000
650,000
274,500
180,000
2,400,000
800,000
34,848
9,600,000
499,000
135,034
45,302
156,814
13,000
10,900
130,678
30,000
278,781
29/32
14,380
3,600
1,400
1,397
7,000
11,124
23,219
4,600
Saad & Vallas Realty Group, LLC
Saad & Vallas Realty Group, LLC
Coldwell Banker Commercial
M. J. Baxter and Associates , LLC
The Hillery Holding Company
Welsh Properties LP
White-Spunner and Associates, Inc.
Grubb & Ellis
Justin Smith
Justin Smith
Tutta Cone
jsmith@saad.com
jsmith@saad.com
Terry Hillery
Kathy Watson
Pat Taylor
Debra Price
5600 sf., thereof:
Office: 1,800 sf.
Warehouse: 3,800 sf. White-Spunner and Associates, Inc.
9000 sf., thereof:
Office: 1,800ssf.
Warehouse: 5,400 sf.
Mezzanine storage: 900 sf.
Mezzanine living area: 900 sf. Prudential Cooper & Co., Inc. Commercial Division
43,920 Marcus & Millichap
68,221 Praytor Properties LLC
19,250 Retail Management Group
45,700 Grubb & Ellis
1,510 The Drummond Group
1,510 The Drummond Group
1,510 The Drummond Group
1,510 The Drummond Group
1,500 The Drummond Group
1,327 The Drummond Group
1,463 The Drummond Group
1,336 The Drummond Group
1,336 The Drummond Group
844 The Drummond Group
825 The Drummond Group
6,000 J. Barrons, LLC - Commercial
8,050 The Drummond Group
2,601 White-Spunner and Associates, Inc.
7,200 White-Spunner and Associates, Inc.
29,219 White-Spunner and Associates, Inc.
7,200 Grubb & Ellis
Bob Cooper
Zach Taylor
Tommy Praytor
Jay Roberds, II
William Scott Wells
Todd Drummond
Todd Drummond
Todd Drummond
Todd Drummond
Todd Drummond
Todd Drummond
Todd Drummond
Todd Drummond
Todd Drummond
Todd Drummond
Todd Drummond
Haran Hunter
Todd Drummond
Pat Taylor
Pat Taylor
Pat Taylor
Debra Price
125,105 Grubb & Ellis
7,500 Prudential Cooper & Co., Inc. Commercial Division
William Scott Wells
David Cooper
Pat Taylor
bobcooper@prucooper.com
30/32
Baldwin
source
1
1
1
1
1
1
1
1
1
1
1
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
id number date period
number
months
73
sp/su
74
sp/su
75
sp/su
76
sp/su
77
sp/su
78
sp/su
79
sp/su
80
sp/su
81
sp/su
82
sp/su
83
sp/su
84
Oct
85
Oct
86
Oct
87
Oct
88
Oct
89
Oct
90
Oct
91
Oct
92
Oct
93
Oct
94
Oct
95
Oct
96
Oct
97
Oct
98
Oct
date year
year
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
zipcode
number
36526
36526
36526
36526
36526
36526
36526
36532
36532
36532
36559
36526
36526
36532
36567
36576
36526
36526
36532
36542
36535
36535
36526
36526
36535
36526
bldg name
name
803 Government
Daphne Square
TK Office Complex
Park City Subdivision
McSara Court Business Park
McSara Court Business Park
McSara Court Business Park
Pelican Square
Pelican Square
Pelican Square
Montrose Complex
TK Office Park
Centerpoint Office Complex
Couture Brides & Belles
Robertsdale Industrial Park
22005 1st St.
Hidden Creek Office Condo
Kirkley Building
19182 Greeno Rd.
Sweet Repeats Building
1725 N McKenzie St
Hidden Creek Prof. Park Condo's
Jubilee Gymnastics Building
Dent-U-Save
Bay Building
location
address
P.O. Box 2497
25369 US Hwy 98
1014 Stanton Rd.
0 Van Buren Dr
McSara Court
McSara Court
McSara Court
101 Lottie Lane
101 Lottie Lane
101 Lottie Lane
24390 US Hwy 98
1018 Stanton Road
28810 Highway 98
460 N Section St
22840 McAulliffe Dr
22005 1st St.
28311 N Main Street
26420 Kensington Place
19182 Greeno Rd.
3839 Highway 59 - Parcel A
1725 N McKenzie St
413 S. McKenzie Street - Hwy 59
28311 N. Main St
26120 Equity Drive
1121 South McKenzie Street
912 US Highway 98
space avail
number
7,500
11,000
121,966
8,680
1,998
2,228
1,998
21,780
sales price
dollars
800,000
1,800,000
1,975,000
3,000,000
444,256
207,000
209,920
619,380
690,680
619,380
564,900
1,975,000
1,350,000
1,100,000
350,000
129,900
475,000
1,249,000
289,000
Not Disclosed
1,475,000
890,000
475,000
420,000
725,000
450,000
site s.f.
number
121,966
84,941
21,780
104,543
10,415
11,000
69,695
55,500
30,000
48,787
21,780
11,371
31/32
bldg. s.f.
number
company
name
7500 Irvine Co Inc
11000 Blum Real Estate
Blum Real Estate
8680 Coldwell Banker Reehl Prop. Comm. Div.
Realty Executives Gulf Coast
Realty Executives Gulf Coast
Realty Executives Gulf Coast
1998 Alabama Properties
2228 Alabama Properties
1998 Alabama Properties
Coldwell Banker Reehl Prop. Comm. Div.
37,250 Blum Real Estate
8,700 Delaney Development, Inc.
5,400 Prudential Cooper & Co., Inc. Commercial Division
13,600 NAI Heggeman Realty Company
2,000 Prudential Nichols Real Estate
3,700 J. Barrons, LLC - Commercial
8,200 RE/MAX by the Bay
2,680 RE/MAX by the Bay
21,000 RE/Max of Orange Beach
7,840 Joe Steen Real Estate & Development, Inc.
12,000 Cunningham, Foley & Barnes
3,700 Prudential Nichols Real Estate
6,400 Yance, Inge & Associates, Inc.
4,680 Joe Steen Real Estate & Development, Inc.
3,750 Robbins Commercial Real Estate
agent
name
S. Starke Irvine
Stephanie Herron
Stephanie Herron
Thomas Galloney
Bonita York
Bonita York
Bonita York
Pierce Kaylor
Pierce Kaylor
Pierce Kaylor
Thomas Galloney
Stephanie Herron
Terry McKinney
Angela McArthur
Mitchum Jackson
Prudential Nichols
Haran Hunter
Bob Allsman
Bob Allsman
Anna Lisa Nist
Joe Steen
Joe Everson
Prudential Nichols
John Flynn
Joe Steen
William Robbins
email
address
starke@irvinecoinc.com
stephanieherron@worldnet.att.net
stephanieherron@worldnet.att.net
Tgalloney@bellsouth.net
Bonita@gulftel.com
Bonita@gulftel.com
Bonita@gulftel.com
kaylor@alabamapropertiesllc.com
kaylor@alabamapropertiesllc.com
kaylor@alabamapropertiesllc.com
Tgalloney@bellsouth.net
angiemcarthur@prucooper.com
haran@haranhunter.com
32/32