Downtown Office Building with
557 S Lawrence St Montgomery, AL 36104
For Sale
$250,000
Single office building configured as two suites with independent access and a shared courtyard.
Property Size2,014 SF
Price / SF$124.13
Days on Market26
Property Features for 557 S Lawrence St
General Information
- Standard status
- Active
- Size
- 2,014 SF
- Property subtype
- Multi Tenant Office
Building Details
- Year Built
- 1980
Properties For Sale
at 557 S Lawrence St Contact us
Listing Agency:
hodges commercial real estate
(334) 280-2033
Listed By:
Paul Hodges · License #28068
(334) 280-2033
Source:
Thebrokerlist
Added: Jun 28
Changed: Jul 23
Last Checked: Jul 23 at 2:36AM
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 hodges commercial real estate
Investment Insights
Based on property information with market context.
Located in Downtown Montgomery at 557–559 S. Lawrence Street, this T4-R zoned office building offers a versatile layout for office or professional use and possible adaptive reuse concepts. The property is a single 2,014± SF building currently configured as two 1,007± SF office suites, each with independent access and functional interior layouts.
A shared courtyard adds outdoor space that can be incorporated into future tenant or owner-occupied improvements. Inside, the building includes multiple private office areas, and the existing configuration is described as modifiable depending on future use, with interior finishes and final office count to be determined.
The property is positioned within the city’s urban core and is described as located within an Opportunity Zone. The remarks also note walkability to government buildings, the Alabama State Capitol, and the downtown business district, along with proximity to restaurants, coffee shops, and boutique businesses.
A shared courtyard adds outdoor space that can be incorporated into future tenant or owner-occupied improvements. Inside, the building includes multiple private office areas, and the existing configuration is described as modifiable depending on future use, with interior finishes and final office count to be determined.
The property is positioned within the city’s urban core and is described as located within an Opportunity Zone. The remarks also note walkability to government buildings, the Alabama State Capitol, and the downtown business district, along with proximity to restaurants, coffee shops, and boutique businesses.
Key Highlights
- Single 2,014± SF office building (built 1980) currently configured as two 1,007± SF office suites
- Each suite has independent access and functional layouts for flexible office use
- Shared courtyard adds outdoor space that can be incorporated into tenant or owner‑occupied improvements
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 | $36.3k | $18.00 |
| − Vacancy | −$6.5k | −$3.24 |
| EGI | $29.7k | $14.76 |
| − OpEx | −$7.4k | −$3.69 |
| NOI | $22.3k | $11.07 |
2,014 SF · lease $18.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$318.5K
$278.7K – $371.6K
NOI $22,295 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.6K
$365.4K – $487.2K
NOI $29,234 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
HEAVY HEARTS YMP
Association / Organization
FAQs
What type of property is this?
Office units - Single office building configured as two suites with independent access and a shared courtyard.
Where is this office units located?
The property is located at 557 S Lawrence St Montgomery, AL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Single 2,014± SF office building (built 1980) currently configured as two 1,007± SF office suites; Each suite has independent access and functional layouts for flexible office use; Shared courtyard adds outdoor space that can be incorporated into tenant or owner‑occupied improvements
