Flex Office
For Sale
Contact for pricing
6015 Troy Hwy, Montgomery, AL 36116
Flex office/warehouse property located directly on Highway 231 near I-65 and I-85.
Property Size2,460 SF
Price / SF$162.20
Days on Market439
Property Features for 6015 Troy Hwy
General Information
Standard status
Active
Size
2,460 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Moore Company Realty, Inc.
(334) 262-1958
Listed By:
Perry Patino · License #1563721
(334) 531-0125
Source:
Moodyscre
Added: Jul 1, 2025
Changed: Aug 15
Last Checked: Sep 11 at 8:18AM
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 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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,611
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$692,220
$692.2K
Cap Rate 7%
$494,443
$494.4K
Cap Rate 9%
$384,567
$384.6K
Market Conditions
NOI Build-Up for 2,460 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $34,611 @ 7.0% cap · market cap 8.67%
Second Best
Industrial
$407.2K
$356.3K – $475.1K
NOI $28,503 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$510.1K
$446.3K – $595.1K
NOI $35,707 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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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
