Class A Office
For Sale
$2,200,000
3140 Zelda Ct, Montgomery, AL 36106
B2-zoned office property with elevator service, natural light, and on-site parking.
Property Size11,400 SF
Price / SF$192.98
Days on Market52
Property Features for 3140 Zelda Ct
General Information
Standard status
Active
Size
11,400 SF
Class
A
Elevators
Yes
Property subtype
Office - General Office
Zoning
B2
Additional Details
Highway Access
Yes
Building Details
Building Size
11,400 SF
Year Built
2007
Buildings
1
Listing Agency:
Aronov Realty Brokerage
Listed By:
Scott Harris · License #0000328421
(334) 462-2608
Source:
Commercialcafe
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 24 at 1:51PM
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 Aronov Realty Brokerage
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Investment Insights
Based on property information with market context.
3140 Zelda Ct is an 11,400 SF Class A office building completed in 2007. The property features refined interior finishes, abundant natural light, an elevator, and a functional floorplan suited to professional office operations. Immediate availability supports a range of established office users, including law firms, medical practices, and corporate occupants.
The building is positioned in Montgomery’s midtown business corridor with access to I-85, downtown Montgomery, and major thoroughfares. Restaurants, retail, and other services are located nearby, while on-site parking adds convenience for building occupants and visitors. B2 zoning supports the property’s office use profile.
The building is positioned in Montgomery’s midtown business corridor with access to I-85, downtown Montgomery, and major thoroughfares. Restaurants, retail, and other services are located nearby, while on-site parking adds convenience for building occupants and visitors. B2 zoning supports the property’s office use profile.
Key Highlights
- 11,400 SF Class A office building
- Constructed in 2007
- B2 zoning supports office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,198
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,523,960
$2.5M
Cap Rate 7%
$1,802,829
$1.8M
Cap Rate 9%
$1,402,200
$1.4M
Market Conditions
NOI Build-Up for 11,400 SF
Gross rent
$205.2K $18.00/SF
− Vacancy
−$36.9K −$3.24/SF
EGI
$168.3K $14.76/SF
− OpEx
−$42.1K −$3.69/SF
NOI
$126.2K $11.07/SF
Area
Montgomery, AL
Vacancy
18.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,523,960
Cap Rate 7%
$1,802,829
Cap Rate 9%
$1,402,200
Alternative Uses
Best Use
Office B
$1.80M
$1.58M – $2.10M
NOI $126,198 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,473 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 36106, AL
15,438
Population
7,236
Households
2.1
Avg Household Size
39
Median Age
51%
College-Educated
96%
High-School Grad
6.2 sq mi
ZIP Area
2,490
Density / Sq Mi
$71,202
Median Household Income
$40,398
Median Earnings
$1,138
Median Rent
$207,400
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 building - B2-zoned office property with elevator service, natural light, and on-site parking.
Where is this office building located?
The property is located at 3140 Zelda Ct Montgomery, AL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 11,400 SF Class A office building; Constructed in 2007; B2 zoning supports office use
