Class A Office
114 Medical Center Drive Prattville, AL 36066
114 Medical Center Drive, Prattville, AL, 36066
$925,000
For Sale
$925,000
Class A office building with long-term tenant and flexible layout.
Property Size4,815 SF
Price / SF$192.11
Days on Market157
Property Features for 114 Medical Center Drive
General Information
- Standard status
- Active
- Size
- 4,815 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2018
Listing Agency
Norluxe Realty Montgomery
(205) 440-2088
Listed by
Jaquon Robinson · License #0145018
(205) 440-2088
Source
Exitrealty
Added: Feb 10 Checked: Jul 17 at 4:54 am
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
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).
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.7k | $18.00 |
| − Vacancy | −$15.6k | −$3.24 |
| EGI | $71.1k | $14.76 |
| − OpEx | −$17.8k | −$3.69 |
| NOI | $53.3k | $11.07 |
4,815 SF · lease $18.00/SF/yr · vacancy 18.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
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).
