Multi-Tenant Building with Recent
7010 Fulton Court Montgomery, AL 36117
7010 Fulton Court, Montgomery, AL, 36117
$680,000
For Sale
$680,000
Multi-tenant building with new roof, flooring, and updated lighting.
Property Size4,897 SF
Price / SF$138.86
Days on Market244
Property Features for 7010 Fulton Court
General Information
- Standard status
- Active
- Size
- 4,897 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1999
Listing Agency
RE/MAX Tri-Star
(334) 244-2400
Listed by
Marie Scarborough · License #0033792
(334) 244-2400
Source
Exitrealty
Added: Nov 14, 2025 Checked: Jul 16 at 7:04 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 RE/MAX Tri-Star
Investment Insights
Based on property information with market context.
This multi-tenant building features a new roof, awnings, and renovated interiors. The interior renovations include new LVP flooring and fresh paint throughout. Each unit is equipped with A/C, with three units having replacements installed in 2020. Units 7006 and 7008 feature retrofitted LED lighting installed this year, while unit 7010 has a retro light fixture and a replaced emergency light. The property is currently leased as a duplex but can be divided into three separate spaces. The parking lot provides ample space for over 30 vehicles. The property size is 4897 square feet.
Key Highlights
- Ample parking with space for 30+ vehicles.
- New roof, awnings, and interior renovations including new LVP flooring and fresh paint.
- Each unit has A/C; three units have A/C replaced in 2020.
Local Financial Insights For 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 | $82.3k | $16.80 |
| − Vacancy | −$4.6k | −$0.94 |
| EGI | $77.7k | $15.86 |
| − OpEx | −$23.3k | −$4.76 |
| NOI | $54.4k | $11.10 |
4,897 SF · lease $16.80/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$776.6K
$679.6K – $906.1K
NOI $54,364 @ 7.0% cap · market cap 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$888.5K – $1.18M
NOI $71,081 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Luke Industries Inc.
Employment Agency
Grant Joy Learning
Tutoring Service
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Multi-tenant building with new roof, flooring, and updated lighting.
Where is this strip mall located?
The property is located at 7010 Fulton Court Montgomery, AL.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Ample parking with space for 30+ vehicles.; New roof, awnings, and interior renovations including new LVP flooring and fresh paint.; Each unit has A/C; three units have A/C replaced in 2020.
