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4080-4088 Government Blvd 6,750 SF 100% Leased Office Building Mobile, AL 36693 $873,646 CAD ($129.43 CAD/SF) 9.23% Cap Rate



Investment Highlights
- Immediate access to I-65, I-10 & Hwy 90
- Reception, offices, kitchenette, restrooms in each unit
Executive Summary
Investor opportunity: Prime multi-tenant glass-front, brick office building in a very desirable location. Situated in the Skyline area with easy access to I-65, I-10 and Highway 90, this 6750 square foot office building is zoned B-2 and designed to accommodate a variety of business needs. Key features: Modern glass and brick front construction with a new roof installed in 2017 backed with a 20-year warranty. Unit sizes: Seven units ranging from 675 to 1125 square feet. Occupancy: All seven units are currently leased, generating a current income of $79,500 annually. The seller says he has had only one month of lost income on one unit and two months lost income on one unit in the past four years. Each unit is thoughtfully designed with a welcoming reception area, multiple private offices, functional kitchenettes, restrooms, ample parking in front of the building and front rear entrances for tenants. This property combines an attractive location, steady income potential and low maintenance construction, making it ideal for investors seeking a reliable, income-generating asset or for an owner-occupant looking to offset costs with rental income. Don’t miss this opportunity to own a premium multi-tenant office building in a prime location.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$109,378
|
$16.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$109,378
|
$16.20
|
| Taxes |
$7,655
|
$1.13
|
| Operating Expenses |
$15,145
|
$2.24
|
| Total Expenses |
$22,800
|
$3.38
|
| Net Operating Income |
$86,578
|
$12.83
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $109,378 |
| Annual Per SF | $16.20 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $109,378 |
| Annual Per SF | $16.20 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,655 |
| Annual Per SF | $1.13 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,145 |
| Annual Per SF | $2.24 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,800 |
| Annual Per SF | $3.38 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $86,578 |
| Annual Per SF | $12.83 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,750 SF
Building Class
B
Year Built/Renovated
1962/2010
Price
$873,646 CAD
Price Per SF
$129.43 CAD
Cap Rate
9.23%
NOI
$80,598 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,750 SF
Building FAR
0.26
Lot Size
0.59 AC
Zoning
B-2 - Commercial
Parking
20 Spaces (2.96 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 33-01-02-4-001-014 | Total Assessment | $120,549 CAD |
| Land Assessment | $23,582 CAD | Annual Taxes | $7,655 CAD ($1.13 CAD/SF) |
| Improvements Assessment | $96,968 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
33-01-02-4-001-014
Land Assessment
$23,582 CAD
Improvements Assessment
$96,968 CAD
Total Assessment
$120,549 CAD
Annual Taxes
$7,655 CAD ($1.13 CAD/SF)
Tax Year
2025
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4080-4088 Government Blvd
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