Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Near Downtown Montgomery Title is generated by Realmo AI

    2021 Mulberry Street, Montgomery, AL 36106

    View on Map
    Claim this Listing
    For Sale
    $98,900

    Commercial land with B-2 zoning, close to downtown.

    Type:Commercial/Industrial
    Property size:
    2,167 SF
    Price / SF:
    $45/SF
    Added:
    Jan 10, 2026
    Days on Market:
    144
    Last Refresh:
    Apr 7 at 10:23 pm

    Property Features for 2021 Mulberry Street

    General Information

    Standard status
    Active
    Size
    2,167 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Jasmine M. Robinson

    Listing agent Jasmine M. Robinson License #0129272

    Listing office Norluxe Realty Montgomery

    Listing date Jan 10, 2026

    Source Exitrealty

    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

    HighLights

    • Prime location close to downtown, restaurants, and other businesses.
    • Easy access to the interstate.
    • Zoned B‑2 for business use.
    • Privacy fence.
    • Plenty of space and a nice sized backyard.
    • Financing options that include rehab are available.

    Overview

    This commercial land is located in a prime location in Montgomery, close to downtown, restaurants, and other businesses. Its proximity to the interstate provides convenient access for clients and shoppers. The property includes a privacy fence and a backyard. Zoned B-2, this property offers potential for various business uses.
    Location Intelligence

    Current Use by Public Records

    The Barkery Pet Grooming Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2829231
    Latitude
    32.3590583

    Nearby Similar for Sale

    • $750,000
      24,642 SF

      Versatile Facility on Scenic Acres

      Multi-functional property with auditorium, office spaces, and family-friendly features.
      4870 Woodley Road, Montgomery, AL 36116
      View Details
    • $225,000
      1,296 SF

      Prime Corner-Lot Commercial Property

      Highly visible corner-lot commercial property in the heart of downtown.
      900 Adams Avenue, Montgomery, AL 36104
      View Details
    • $510,000
      4,108 SF

      Renovated Commercial Building, Flexible Layout

      Remodeled commercial building with flexible layout and income potential.
      6322 Woodmere Boulevard, Montgomery, AL 36117
      View Details
    • $680,000
      4,897 SF

      Multi-Tenant Building in Montgomery, AL

      Multi-tenant building with recent renovations and ample parking.
      7010 Fulton Court, Montgomery, AL 36117
      View Details
    • $499,000
      6,508 SF

      Montgomery Commercial Office Building For Sale

      Well-maintained office building in Montgomery's business district with high visibility.
      4249 Lomac Street, Montgomery, AL 36106
      View Details
    • $449,900
      7,359 SF

      Versatile Mixed-Use Property in Montgomery

      7,300+ sqft mixed-use property with commercial and residential potential.
      414 Perry Hill Road, Montgomery, AL 36109
      View Details
    • $590,000
      7,842 SF

      Multifamily Investment Property Opportunity

      Well-maintained multifamily property with strong income potential in Montgomery, AL.
      5768 Carmichael Parkway, Montgomery, AL 36117
      View Details
    • $2,500,000

      Prime Development Land on Chantilly

      13.64 acres with high visibility in growing Pike Road.
      002 CHANTILLY Parkway, MONTGOMERY, AL 36064
      View Details
    • $250,000

      Montgomery Land Near Interstate 85

      1.1 acre lot near I-85, ideal for development.
      8137 Decker Lane, Montgomery, AL 36117
      View Details
    • $198,700

      Commercial Building in Montgomery, AL

      Commercial building with high visibility and easy interstate access.
      33 East South St., Montgomery, AL 36104
      View Details
    • $275,000
      3,600 SF

      Downtown Commercial Property on Adams Avenue

      Versatile 1,296 SF commercial building in Montgomery's Centennial Hill corridor.
      900 Adams Ave, Montgomery, AL 36104
      View Details
    • $1,200,000

      Prime Commercial Land Opportunity

      Commercial land with high visibility and strong growth potential.
      4115 Wetumpka Highway, Montgomery, AL 36110
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with B-2 zoning, close to downtown.
    Where is this commercial land located?
    The property is located at 2021 Mulberry Street Montgomery, AL.
    What is the asking price?
    The asking price for this property is $98,900.
    What are key features of this property?
    This property features: Prime location close to downtown, restaurants, and other businesses.; Easy access to the interstate.; Zoned B‑2 for business use.
    (205) 440-2088
    We can help!
    Listing Contact
    Jasmine M. Robinson
    Real Estate License ID: 0129272
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2021 Mulberry Street, Montgomery, AL 36106
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!