Historic Two-Level Office
For Sale
$650,000
16 S Perry Street, Montgomery, AL 36104
CommercialSale, Montgomery, AL
Property Size2,439 SF
Price / SF$266.50
Days on Market238
Property Features for 16 S Perry Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Parking
2
Middle school
,
Directions
S Perry - directly across from Mama's Sack Lunches
Subdivision
MONT-N Montgomery City
Standard status
Active
APN
10-03-07-3-303-027.001
Size
2,439 SF
Taxes and HOA fees
Tax Description
COM SW INT PERRY ST & DEXTER AVE TH S 140 TO POB TH S 20 TH W 75 TH N 20 TH E 75 TO POB
Tax Annual Amount
1219
Legal Description
COM SW INT PERRY ST & DEXTER AVE TH S 140 TO POB TH S 20 TH W 75 TH N 20 TH E 75 TO POB
Amenities
waiting area
kitchenette
office space
Building Details
Year built
1870
Floors in Building
2
Flooring type
Tile, Carpet
Building materials
BrickVeneer, Concrete
Buildings
1
Listing Agency:
RE/MAX Properties LLC · RE/MAX International
Listed By:
Paul S. Harper · License #0067249
(334) 361-9300
Added: Mar 5
Changed: Oct 24
Last Checked: Oct 29 at 8:06PM
MLS# 584401
Copyright © 2026 Montgomery Area Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,439-square-foot office property occupies two levels within a building constructed in 1870. The lower level has been freshly painted and includes two bathrooms, while the upper level provides a waiting area, kitchenette, two additional bathrooms, and dedicated office space. Tile and carpet flooring are installed throughout, with brick veneer and concrete among the listed construction materials.
Located at 16 S Perry Street in downtown Montgomery, the property is positioned near restaurants, shops, cultural attractions, and entertainment venues. The address is also described as being near major transportation hubs and highways, placing the office in a central urban setting with access for customers and employees.
Located at 16 S Perry Street in downtown Montgomery, the property is positioned near restaurants, shops, cultural attractions, and entertainment venues. The address is also described as being near major transportation hubs and highways, placing the office in a central urban setting with access for customers and employees.
Key Highlights
- 2,439 square feet across two levels
- Constructed in 1870 with brick veneer and concrete materials
- Lower level recently painted and includes two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,076
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,520
$541.5K
Cap Rate 7%
$386,800
$386.8K
Cap Rate 9%
$300,844
$300.8K
Market Conditions
NOI Build-Up for 2,439 SF
Gross rent
$41.0K $16.80/SF
− Vacancy
−$2.3K −$0.94/SF
EGI
$38.7K $15.86/SF
− OpEx
−$11.6K −$4.76/SF
NOI
$27.1K $11.10/SF
Area
Montgomery, AL
Vacancy
5.60%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,520
Cap Rate 7%
$386,800
Cap Rate 9%
$300,844
Alternative Uses
Best Use
Retail
$386.8K
$338.5K – $451.3K
NOI $27,076 @ 7.0% cap · market cap 4.17%
Second Best
Office B
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$505.8K
$442.5K – $590.1K
NOI $35,403 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,662
Businesses Nearby
Explore this area
Business Placement
Demographics for 36104, AL
9,021
Population
5,265
Households
1.7
Avg Household Size
31
Median Age
26%
College-Educated
76%
High-School Grad
10.5 sq mi
ZIP Area
859
Density / Sq Mi
$34,975
Median Household Income
$21,668
Median Earnings
$787
Median Rent
$121,200
Median Home Value
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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 unit - Flexible commercial layout includes a kitchenette, waiting area, office space, and four bathrooms.
Where is this office unit located?
The property is located at 16 S Perry Street Montgomery, AL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,439 square feet across two levels; Constructed in 1870 with brick veneer and concrete materials; Lower level recently painted and includes two bathrooms
