Listing Agency: Moore Company Realty, Inc. Show Phone

Listed By: Perry Patino · License #1563721 Show Phone

Source: Moodyscre

Added: Jul 1, 2025 Changed: Oct 25 Last Checked: Oct 26 at 8:17PM

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Investment Insights

Based on property information with market context.

This flex office/warehouse property is designed to support both office and light industrial needs in one location. The offering includes a combined office and warehouse setup, which can be useful for businesses that need functional space for operations alongside administrative space.

The property is located directly on Highway 231 (Troy Highway). It is approximately 9.6 miles from I-65 and about 12.4 miles from I-85, providing straightforward regional connectivity.

The total building size is 2,460 square feet.

Key Highlights

• Flex (office/warehouse) property located directly on Highway 231 (Troy Highway)
• About 9.6 miles from I‑65
• About 12.4 miles from I‑85

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,611

Cap Rate

8.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$692,220 $692.2K

Cap Rate 7%

$494,443 $494.4K

Cap Rate 9%

$384,567 $384.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,460 SF

Gross rent

$43.7K $17.76/SF

− Vacancy

−$3.0K −$1.21/SF

EGI

$40.7K $16.55/SF

− OpEx

−$6.1K −$2.48/SF

NOI

$34.6K $14.07/SF

Area

Montgomery, AL

Vacancy

6.80%

Lease Rate

$17.76 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$692,220

Cap Rate 7%

$494,443

Cap Rate 9%

$384,567

Alternative Uses

Best Use

Warehouse

$494.4K

$432.6K – $576.9K (±1% cap)

NOI $34,611 @ 7.0% cap · market cap 8.67%

Second Best

Industrial

$407.2K

$356.3K – $475.1K (±1% cap)

NOI $28,503 @ 7.0% cap · market cap 7.14%

Theoretical Best

Office A

$510.1K

$446.3K – $595.1K (±1% cap)

NOI $35,707 @ 7.0% cap · market cap 8.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Acme Barricades Construction Company

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Plumbing Service Auto Parts Store Storage Facility Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

34

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 36116, AL

43,840

Population

20,007

Households

2.2

Avg Household Size

35

Median Age

33%

College-Educated

91%

High-School Grad

53.4 sq mi

ZIP Area

821

Density / Sq Mi

$53,973

Median Household Income

$33,039

Median Earnings

$1,056

Median Rent

$137,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flex office/warehouse property located directly on Highway 231 near I-65 and I-85.

Where is this flex space located?

The property is located at 6015 Troy Hwy Montgomery, AL.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Flex (office/warehouse) property located directly on Highway 231 (Troy Highway); About 9.6 miles from I‑65; About 12.4 miles from I‑85