Two-Building Office
For Sale
$815,000
4165 Carmichael Rd & 1406 I85 Parkway, Montgomery, AL 36109
Fully leased office asset with brick construction, dedicated parking, and direct Interstate 85 access.
Property Size4,079 SF
Days on Market60
Property Features for 4165 Carmichael Rd & 1406 I85 Parkway
General Information
Standard status
Active
Size
4,079 SF
Class
B
Property subtype
Multi Tenant Office
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
4,079 SF
Year Built
1987
Buildings
2
Construction
brick
Properties For Sale
at 4165 Carmichael Rd & 1406 I85 Parkway
1406 I85 Parkway
Size
1,500 SF
Lease Type
NNN
Listing Agency:
Moore Company Realty, Inc
Listed By:
Gene Cody, CCIM
(334) 262-1958
Source:
Thebrokerlist
Added: Aug 9
Changed: Sep 9
Last Checked: Oct 7 at 8:36AM
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 office property comprises two brick buildings at 4165 Carmichael Road and 1406 I-85 Parkway in Montgomery. Constructed in 1987, the asset is 100% leased and includes dedicated on-site parking for occupants and visitors.
The property occupies the intersection of Carmichael Road and I-85 Parkway, with immediate access to Interstate 85. The site is near Montgomery Academy and Wahoo's Oyster Bar and Grill, within an established professional and medical corridor. Its two-building configuration supports office occupancy across the combined addresses while retaining convenient access from the surrounding roadway network.
The property occupies the intersection of Carmichael Road and I-85 Parkway, with immediate access to Interstate 85. The site is near Montgomery Academy and Wahoo's Oyster Bar and Grill, within an established professional and medical corridor. Its two-building configuration supports office occupancy across the combined addresses while retaining convenient access from the surrounding roadway network.
Key Highlights
- 100% leased office property
- Two brick office buildings at 4165 Carmichael Road and 1406 I‑85 Parkway
- Constructed in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,155
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,100
$903.1K
Cap Rate 7%
$645,071
$645.1K
Cap Rate 9%
$501,722
$501.7K
Market Conditions
NOI Build-Up for 4,079 SF
Gross rent
$73.4K $18.00/SF
− Vacancy
−$13.2K −$3.24/SF
EGI
$60.2K $14.76/SF
− OpEx
−$15.1K −$3.69/SF
NOI
$45.2K $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%
$903,100
Cap Rate 7%
$645,071
Cap Rate 9%
$501,722
Alternative Uses
Best Use
Office B
$645.1K
$564.4K – $752.6K
NOI $45,155 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$845.8K
$740.1K – $986.8K
NOI $59,208 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
Explore this area
Business Placement
Demographics for 36109, AL
24,176
Population
11,273
Households
2.1
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
2,139
Density / Sq Mi
$61,059
Median Household Income
$37,876
Median Earnings
$1,108
Median Rent
$134,900
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
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased office asset with brick construction, dedicated parking, and direct Interstate 85 access.
Where is this office building located?
The property is located at 4165 Carmichael Rd & 1406 I85 Parkway Montgomery, AL.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 100% leased office property; Two brick office buildings at 4165 Carmichael Road and 1406 I‑85 Parkway; Constructed in 1987
