New Industrial Distribution
For Sale
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1235 Lagoon Business Loop, Montgomery, AL 36117
Recently built 16,600-square-foot distribution center on 1.01 acres with modern construction and truck-ready accessibility.
Property Size16,600 SF
Lot Size1.01 Acres
Price / SF$127.71
Days on Market114
Property Features for 1235 Lagoon Business Loop
General Information
Standard status
Active
Size
16,600 SF
Class
A
Lot size
1.01 Acres
Property subtype
Industrial
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Net Lease
Net Operating Income
$127,148
Additional Details
Highway Access
Yes
Building Details
Year Built
2023
Buildings
1
Tenancy
Single
Listing Agency:
Moore Company Realty
Listed By:
Perry Patino · License #156372-1
(334) 386-2439
Source:
Crexi
Added: Jun 29
Changed: Oct 15
Last Checked: Oct 19 at 6:09AM
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 Moore Company Realty
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Investment Insights
Based on property information with market context.
A recently constructed industrial distribution facility totaling approximately 16,600 square feet on 1.01 acres. Completed in 2023, the building was purpose-built for the Alabama Alcoholic Beverage Control Board as a Montgomery Wholesale Distribution Center (Store #246). The property is designed for efficient daily distribution operations, with modern construction and high-quality finishes, along with ample parking and strong truck accessibility.
The facility is located in Lagoon Business Park, positioned just off the Eastern Boulevard corridor. The property’s access is described as convenient to Interstate 85, Interstate 65, US Highway 231, and other major transportation routes across Central Alabama.
This offering includes a durable, low-maintenance industrial asset with recent construction designed to reduce near-term capital expenditure risk.
The facility is located in Lagoon Business Park, positioned just off the Eastern Boulevard corridor. The property’s access is described as convenient to Interstate 85, Interstate 65, US Highway 231, and other major transportation routes across Central Alabama.
This offering includes a durable, low-maintenance industrial asset with recent construction designed to reduce near-term capital expenditure risk.
Key Highlights
- Recently built 16,600‑square‑foot industrial distribution center completed in 2023
- Situated on 1.01 acres in Lagoon Business Park in Montgomery
- Purpose‑built for the Alabama Alcoholic Beverage Control Board as its Montgomery Wholesale Distribution Center (Store #246)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$192,338
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,846,760
$3.8M
Cap Rate 7%
$2,747,686
$2.7M
Cap Rate 9%
$2,137,089
$2.1M
Market Conditions
NOI Build-Up for 16,600 SF
Gross rent
$294.8K $17.76/SF
− Vacancy
−$20.0K −$1.21/SF
EGI
$274.8K $16.55/SF
− OpEx
−$82.4K −$4.97/SF
NOI
$192.3K $11.59/SF
Area
Montgomery, AL
Vacancy
6.80%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,846,760
Cap Rate 7%
$2,747,686
Cap Rate 9%
$2,137,089
Alternative Uses
Best Use
Warehouse
$3.34M
$2.92M – $3.89M
NOI $233,553 @ 7.0% cap · market cap 11.02%
Second Best
Industrial
$2.75M
$2.40M – $3.21M
NOI $192,338 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$3.44M
$3.01M – $4.02M
NOI $240,952 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Explore this area
Business Placement
Demographics for 36117, AL
53,172
Population
24,181
Households
2.2
Avg Household Size
38
Median Age
46%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
998
Density / Sq Mi
$72,237
Median Household Income
$44,980
Median Earnings
$1,209
Median Rent
$225,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Distribution center - Recently built 16,600-square-foot distribution center on 1.01 acres with modern construction and truck-ready accessibility.
Where is this distribution center located?
The property is located at 1235 Lagoon Business Loop Montgomery, AL.
What is the asking price?
The asking price for this property is $2,120,000.
What are key features of this property?
This property features: Recently built 16,600‑square‑foot industrial distribution center completed in 2023; Situated on 1.01 acres in Lagoon Business Park in Montgomery; Purpose‑built for the Alabama Alcoholic Beverage Control Board as its Montgomery Wholesale Distribution Center (Store #246)
