Class-A Orthodontics Medical Office
For Sale
$635,496
4164 Carmichael Rd, Montgomery, AL 36106
Two single-tenant Class-A orthodontics buildings, occupied by Trulove Orthodontics, PC, in Montgomery and Prattville.
Property Size4,421 SF
Days on Market195
Property Features for 4164 Carmichael Rd
General Information
Standard status
Active
Size
4,421 SF
Class
A
Property subtype
Commercial
Occupancy
100%
Lease Term
±5 YRS
Net Operating Income
$50,839
Building Details
Building Size
4,421 SF
Tenancy
Single
Listing Agency:
Matthews Real Estate Investment Services, Inc
Listed By:
Hutt Cooke · License #356505 (TN)
(615) 667-0097
Source:
Matthews
Added: Apr 11
Changed: Oct 9
Last Checked: Oct 20 at 5:06PM
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 Matthews Real Estate Investment Services, Inc
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Investment Insights
Based on property information with market context.
Offered for sale are two professional, single-tenant orthodontics office buildings occupied by Trulove Orthodontics, PC. The Montgomery location (“Carmichael Road”) is a 4,421 SF Class-A building constructed in 1974. The Prattville location (“McQueen”) is a 3,910 SF first-class orthodontics office constructed in 2001.
The properties are operated by an orthodontics practice that provides multiple brace options. Tenant Trulove Orthodontics, PC has agreed to negotiate a new absolute net master-lease at $20.00 per square foot with 1.50% annual escalations. A small portion is subleased to dentist Leighann Nevins at the Prattville office.
The buildings are purpose-built for a clinical practice and are currently occupied, providing an owner with income tied to the existing operator under the agreed master-lease structure.
The properties are operated by an orthodontics practice that provides multiple brace options. Tenant Trulove Orthodontics, PC has agreed to negotiate a new absolute net master-lease at $20.00 per square foot with 1.50% annual escalations. A small portion is subleased to dentist Leighann Nevins at the Prattville office.
The buildings are purpose-built for a clinical practice and are currently occupied, providing an owner with income tied to the existing operator under the agreed master-lease structure.
Key Highlights
- Two single‑tenant Class‑A orthodontics office buildings in Montgomery and Prattville, both occupied by Trulove Orthodontics, PC
- Montgomery building: 4,421 SF, constructed in 1974, at 4164 Carmichael Road, Montgomery, AL 36106
- Prattville building: 3,910 SF, constructed in 2001, at 454 McQueen Smith Road, Prattville, AL 36066
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,940
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,800
$978.8K
Cap Rate 7%
$699,143
$699.1K
Cap Rate 9%
$543,778
$543.8K
Market Conditions
NOI Build-Up for 4,421 SF
Gross rent
$79.6K $18.00/SF
− Vacancy
−$14.3K −$3.24/SF
EGI
$65.3K $14.76/SF
− OpEx
−$16.3K −$3.69/SF
NOI
$48.9K $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%
$978,800
Cap Rate 7%
$699,143
Cap Rate 9%
$543,778
Alternative Uses
Best Use
Office B
$699.1K
$611.8K – $815.7K
NOI $48,940 @ 7.0% cap · market cap 7.70%
Second Best
Healthcare Medical
$695.7K
$608.8K – $811.7K
NOI $48,702 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$916.7K
$802.2K – $1.07M
NOI $64,172 @ 7.0% cap · market cap 10.10%
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
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
Balanced
Demand for This Use
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
Similar Off Market Nearby
- Cat Clinic of Montgomery — 4232 Carmichael Rd, Montgomery, AL 36106
- Carmichael Road Animal Clinic — 4232 Carmichael Rd, Montgomery, AL 36106
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two single-tenant Class-A orthodontics buildings, occupied by Trulove Orthodontics, PC, in Montgomery and Prattville.
Where is this medical office space located?
The property is located at 4164 Carmichael Rd Montgomery, AL.
What is the asking price?
The asking price for this property is $635,496.
What are key features of this property?
This property features: Two single‑tenant Class‑A orthodontics office buildings in Montgomery and Prattville, both occupied by Trulove Orthodontics, PC; Montgomery building: 4,421 SF, constructed in 1974, at 4164 Carmichael Road, Montgomery, AL 36106; Prattville building: 3,910 SF, constructed in 2001, at 454 McQueen Smith Road, Prattville, AL 36066
