Renovated Warehouse
For Sale
$900,000
175 West Blvd, Montgomery, AL 36108
Includes upgraded office space, renovated warehouse space, a laydown yard, and on-site parking.
Property Size2,000 SF
Price / SF$225
Days on Market194
Property Features for 175 West Blvd
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Warehouse
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
3,200 SF
Office Build-Out
800 SF
Building Details
Building Size
2,000 SF
Year Built
1963
Year Renovated
2018
Buildings
1
Listing Agency:
Moore Company Realty, Inc
(334) 262-1958
Listed By:
Gene Cody, CCIM
(334) 262-1958
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 31
Last Checked: Aug 30 at 6:26AM
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, Inc
Investment Insights
Based on property information with market context.
This warehouse property contains 4,000 SF of building area, including 800 SF of upgraded office space and 3,200 SF of renovated warehouse space. The improvements were modernized in 2018, and the site includes a laydown yard, docking configuration, on-site support infrastructure, and ample parking. The original building dates to 1963.
Located in Montgomery’s industrial corridor, the property offers access to major transportation routes, including interstates and rail lines. Maxwell Air Force Base, Montgomery Regional Airport, major institutions, retail centers, and dining options are identified in the surrounding area. The site is positioned for warehouse, distribution, supplier, and industrial operations, including businesses serving automotive activity.
Located in Montgomery’s industrial corridor, the property offers access to major transportation routes, including interstates and rail lines. Maxwell Air Force Base, Montgomery Regional Airport, major institutions, retail centers, and dining options are identified in the surrounding area. The site is positioned for warehouse, distribution, supplier, and industrial operations, including businesses serving automotive activity.
Key Highlights
- 4,000 SF warehouse property with 800 SF of upgraded office space
- 3,200 SF of renovated warehouse space
- Building improvements modernized in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,278
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,125,560
$1.1M
Cap Rate 7%
$803,971
$804.0K
Cap Rate 9%
$625,311
$625.3K
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$71.0K $17.76/SF
− Vacancy
−$4.8K −$1.21/SF
EGI
$66.2K $16.55/SF
− OpEx
−$9.9K −$2.48/SF
NOI
$56.3K $14.07/SF
Area
Montgomery, AL
Vacancy
6.80%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,125,560
Cap Rate 7%
$803,971
Cap Rate 9%
$625,311
Alternative Uses
Best Use
Warehouse
$804.0K
$703.5K – $938.0K
NOI $56,278 @ 7.0% cap · market cap 6.25%
Second Best
Industrial
$662.1K
$579.3K – $772.4K
NOI $46,346 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$829.4K
$725.8K – $967.7K
NOI $58,061 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36108, AL
17,117
Population
8,326
Households
2.1
Avg Household Size
42
Median Age
14%
College-Educated
78%
High-School Grad
70.3 sq mi
ZIP Area
243
Density / Sq Mi
$32,622
Median Household Income
$24,833
Median Earnings
$786
Median Rent
$73,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Includes upgraded office space, renovated warehouse space, a laydown yard, and on-site parking.
Where is this warehouse located?
The property is located at 175 West Blvd Montgomery, AL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,000 SF warehouse property with 800 SF of upgraded office space; 3,200 SF of renovated warehouse space; Building improvements modernized in 2018
