Commercial Property on Alabama River
2356 Alabama River Parkway Millbrook, AL 36054
2356 Alabama River Parkway, Millbrook, AL, 36054
$499,000
For Sale
$499,000
8.28± acres with office, berry farm, and development potential.
Property Size2,300 SF
Lot Size8.28 Acres
Price / SF$216.96
Days on Market134
Property Features for 2356 Alabama River Parkway
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Lot size
- 8.28 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2020
Listing Agency
LanMac Realty
(334) 277-5546
Listed by
Joshua Noah · License #0103176
(334) 277-5546
Source
Exitrealty
Added: Mar 5 Checked: Jul 17 at 4:08 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 LanMac Realty
Investment Insights
Based on property information with market context.
This commercial property, situated on 8.28± acres, features approximately 692 feet of road frontage on the high-traffic Alabama River Parkway. The site includes a 2,300± sq ft office building, constructed in 2020 and formerly used as a veterinary clinic. It has been converted into a real estate office and is currently leased, providing immediate income. Multiple accessory structures support an established berry farm, which cultivates several blueberry varieties along with muscadine and scuppernong vines. An additional 7.28± acres was previously operated as a U-pick berry farm, petting farm, and seasonal pumpkin patch. This property presents an opportunity for agritourism, event venue use, retail or office development, or investment with existing income and strong visibility.
Key Highlights
- High‑traffic location with 692 feet of frontage on Alabama River Parkway
- Existing 2,300 sq ft office building (built in 2020) currently leased for immediate income
- Versatile 8.28± acre property suitable for agritourism, event venue, retail, or office development
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 | $41.4k | $18.00 |
| − Vacancy | −$7.5k | −$3.24 |
| EGI | $33.9k | $14.76 |
| − OpEx | −$8.5k | −$3.69 |
| NOI | $25.5k | $11.07 |
2,300 SF · lease $18.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$363.7K
$318.3K – $424.4K
NOI $25,461 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.9K
$417.3K – $556.4K
NOI $33,385 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Farm - 8.28± acres with office, berry farm, and development potential.
Where is this farm located?
The property is located at 2356 Alabama River Parkway Millbrook, AL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: High‑traffic location with 692 feet of frontage on Alabama River Parkway; Existing 2,300 sq ft office building (built in 2020) currently leased for immediate income; Versatile 8.28± acre property suitable for agritourism, event venue, retail, or office development
