Former Bank Building For
6985 Atlanta Highway Montgomery, AL 36117
6985 Atlanta Highway, Montgomery, AL, 36117
$750,000
For Sale
$750,000
3,001 SF former bank building on 0.97 AC.
Property Size3,001 SF
Lot Size0.97 Acres
Price / SF$249.92
Days on Market115
Property Features for 6985 Atlanta Highway
General Information
- Standard status
- Active
- Size
- 3,001 SF
- Lot size
- 0.97 Acres
- Property subtype
- Office
Listing Agency
(205) 262-4722
Listed by
David Fullington
(205) 262-4722
Source
Cbre
Added: Mar 25 Checked: Jul 17 at 3:06 am
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
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.
Local Financial Insights For Specialty Retail
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 | $50.4k | $16.80 |
| − Vacancy | −$2.8k | −$0.94 |
| EGI | $47.6k | $15.86 |
| − OpEx | −$11.9k | −$3.96 |
| NOI | $35.7k | $11.89 |
3,001 SF · lease $16.80/SF/yr · vacancy 5.60% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Regions Mortgage
Loan Service
ATM (Regions Bank)
Atm
Western Union
Bank
Similar For Sale Nearby
FAQs
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.
