Renovated Office Building with
For Sale
$520,000
6322 Woodmere Boulevard, Montgomery, AL 36117
Renovated in 2022 with updated roof, windows, HVAC, multiple restrooms, and flexible layout for one or two tenants.
Property Size4,108 SF
Price / SF$126.58
Days on Market95
Property Features for 6322 Woodmere Boulevard
General Information
Standard status
Active
Size
4,108 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1989
Year Renovated
2022
Listing Agency:
Global Realty, LLC.
(334) 221-7200
Listed By:
Shenerica S. Arrington · License #0114426
(334) 221-7200
Source:
Exitrealty
Added: May 21
Changed: Aug 23
Last Checked: Aug 22 at 9:33AM
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 Global Realty, LLC.
Investment Insights
Based on property information with market context.
Completely remodeled in 2022, this renovated commercial office building presents a clean, contemporary interior with fresh paint, new carpet, and updated blinds. Improvements also include a newer roof, windows, and an A/C system installed in 2019. The floor plan is designed for flexibility, with a welcoming waiting lobby at the front of the building and two expansive conference rooms positioned on opposite sides for privacy and functionality. A centrally located, generously sized room is currently used as a classroom and can support a variety of meeting or training uses. Restroom facilities include a large customer restroom off the lobby, plus separate men’s and women’s restrooms in the rear for staff.
The property is located at 6322 Woodmere Blvd in Montgomery, AL, and offers ample parking for employees and visitors. It is equipped with two separate power meters, allowing the building to accommodate a single tenant or be divided for two separate tenants.
Currently leased on a month-to-month basis, tenants are open to remaining in place or vacating at closing, providing flexibility for both investors and owner-occupants.
The property is located at 6322 Woodmere Blvd in Montgomery, AL, and offers ample parking for employees and visitors. It is equipped with two separate power meters, allowing the building to accommodate a single tenant or be divided for two separate tenants.
Currently leased on a month-to-month basis, tenants are open to remaining in place or vacating at closing, providing flexibility for both investors and owner-occupants.
Key Highlights
- 4,126 SF commercial building completely remodeled in 2022 with fresh paint, new carpet, and updated blinds
- Major 2019 upgrades include new HVAC system, plus a new roof and updated windows
- Flexible tenant setup: single‑tenant or divided for two tenants with two separate power meters
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
$45,476
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
8.75%
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%
$909,520
$909.5K
Cap Rate 7%
$649,657
$649.7K
Cap Rate 9%
$505,289
$505.3K
Market Conditions
NOI Build-Up for 4,108 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
$73.9K $18.00/SF
− Vacancy
−$13.3K −$3.24/SF
EGI
$60.6K $14.76/SF
− OpEx
−$15.2K −$3.69/SF
NOI
$45.5K $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 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%
$909,520
Cap Rate 7%
$649,657
Cap Rate 9%
$505,289
Alternative Uses
Best Use
Office B
$649.7K
$568.5K – $757.9K
NOI $45,476 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$851.8K
$745.4K – $993.8K
NOI $59,628 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 36117, AL
53,172
Population
24,181
Households
2.2
Avg Household Size
38
Median Age
46%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
998
Density / Sq Mi
$72,237
Median Household Income
$44,980
Median Earnings
$1,209
Median Rent
$225,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Renovated in 2022 with updated roof, windows, HVAC, multiple restrooms, and flexible layout for one or two tenants.
Where is this office units located?
The property is located at 6322 Woodmere Boulevard Montgomery, AL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 4,126 SF commercial building completely remodeled in 2022 with fresh paint, new carpet, and updated blinds; Major 2019 upgrades include new HVAC system, plus a new roof and updated windows; Flexible tenant setup: single‑tenant or divided for two tenants with two separate power meters
