Class A Office
For Sale
$925,000
Pending
114 Medical Center Drive, Prattville, AL 36066
Class A office building with long-term tenant and flexible layout.
Property Size4,815 SF
Days on Market247
Property Features for 114 Medical Center Drive
General Information
Standard status
Pending
Size
4,815 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
2018
Listing Agency:
Norluxe Realty Montgomery
Listed By:
Jaquon Robinson · License #0145018
(205) 440-2088
Source:
Exitrealty
Added: Feb 10
Changed: Sep 10
Last Checked: Sep 15 at 5:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Norluxe Realty Montgomery
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Investment Insights
Based on property information with market context.
This Class A commercial property features a sustained tenant on year one of a ten-year lease. The structure is I-beam construction with no load-bearing walls, allowing for flexible configuration to suit various applications. The current layout includes approximately 14 smaller offices, 2 executive-style offices, multiple conference room spaces, and multiple storage areas. There are 4 restrooms, including two specifically designed for children. The property is zoned B-2 and benefits from high traffic counts of over 17,000 vehicles per day. The building has a total area of 4,815 square feet and is located in an area with strong growth potential. It is suitable for a variety of business uses.
Key Highlights
- Sustained tenant in place on year one of a ten‑year lease, providing immediate income.
- Flexible I‑beam construction with no load‑bearing walls allows for customizable interior configurations.
- Excellent location with strong growth potential and high traffic counts (17k+ per day).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,302
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,040
$1.1M
Cap Rate 7%
$761,457
$761.5K
Cap Rate 9%
$592,244
$592.2K
Market Conditions
NOI Build-Up for 4,815 SF
Gross rent
$86.7K $18.00/SF
− Vacancy
−$15.6K −$3.24/SF
EGI
$71.1K $14.76/SF
− OpEx
−$17.8K −$3.69/SF
NOI
$53.3K $11.07/SF
Area
Autauga County, AL
Vacancy
18.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,040
Cap Rate 7%
$761,457
Cap Rate 9%
$592,244
Alternative Uses
Best Use
Office B
$761.5K
$666.3K – $888.4K
NOI $53,302 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$998.4K
$873.6K – $1.16M
NOI $69,891 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 36066, AL
22,206
Population
9,201
Households
2.4
Avg Household Size
37
Median Age
45%
College-Educated
95%
High-School Grad
20.1 sq mi
ZIP Area
1,105
Density / Sq Mi
$80,364
Median Household Income
$47,110
Median Earnings
$1,300
Median Rent
$220,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Class A office building with long-term tenant and flexible layout.
Where is this office units located?
The property is located at 114 Medical Center Drive Prattville, AL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Sustained tenant in place on year one of a ten‑year lease, providing immediate income.; Flexible I‑beam construction with no load‑bearing walls allows for customizable interior configurations.; Excellent location with strong growth potential and high traffic counts (17k+ per day).
