Former Bank Building For
For Sale
$750,000
6985 Atlanta Highway, Montgomery, AL 36117
3,001 SF former bank building on 0.97 AC.
Property Size3,001 SF
Lot Size0.97 Acres
Price / SF$249.92
Days on Market206
Property Features for 6985 Atlanta Highway
General Information
Standard status
Active
Size
3,001 SF
Lot size
0.97 Acres
Property subtype
Office
Listed By:
David Fullington
(205) 262-4722
Source:
Cbre
Added: Mar 25
Changed: Oct 4
Last Checked: Oct 16 at 5:59AM
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 David Fullington
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Investment Insights
Based on property information with market context.
The property is a 3,001 square foot former bank building constructed in 2001, situated on a 0.97-acre lot. It features 30 parking spaces and a drive-through lane. The location is along the retail corridor in East Montgomery, specifically at the intersection of Atlanta Highway and Taylor Road, near I-85, Exit 9.
Key Highlights
- Ideal location along the retail corridor in East Montgomery at the Atlanta Highway and Taylor Road intersection off I‑85, Exit 9.
- 3,001 SF former bank building on 0.97 AC.
- Includes a drive‑through lane.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,695
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,900
$713.9K
Cap Rate 7%
$509,929
$509.9K
Cap Rate 9%
$396,611
$396.6K
Market Conditions
NOI Build-Up for 3,001 SF
Gross rent
$50.4K $16.80/SF
− Vacancy
−$2.8K −$0.94/SF
EGI
$47.6K $15.86/SF
− OpEx
−$11.9K −$3.96/SF
NOI
$35.7K $11.89/SF
Area
Montgomery, AL
Vacancy
5.60%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,900
Cap Rate 7%
$509,929
Cap Rate 9%
$396,611
Alternative Uses
Best Use
Specialty Retail
$509.9K
$446.2K – $594.9K
NOI $35,695 @ 7.0% cap · market cap 4.76%
Second Best
Retail
$475.9K
$416.4K – $555.3K
NOI $33,315 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$622.3K
$544.5K – $726.0K
NOI $43,560 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
121k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Groceries 31%
Shops & Services 18%
Electronics 2%
Publix
Groceries
37,556 visits/mo
0.2 miles
Burger King
Dining
15,482 visits/mo
0.4 miles
Chevron
Shops & Services
9,999 visits/mo
0.3 miles
KFC
Dining
8,669 visits/mo
0.3 miles
American Deli
Dining
7,405 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Montgomery, AL
Frequently Asked Questions
What type of property is this?
Bank - 3,001 SF former bank building on 0.97 AC.
Where is this bank located?
The property is located at 6985 Atlanta Highway Montgomery, AL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Ideal location along the retail corridor in East Montgomery at the Atlanta Highway and Taylor Road intersection off I‑85, Exit 9.; 3,001 SF former bank building on 0.97 AC.; Includes a drive‑through lane.
