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Property profile & analytics
OFF-MARKET
Warehouses

880 Plantation Way Montgomery, AL 36117-2217

6,465 SF 0.77 ac lot Built 1986
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US03-0047155
Property summary
AI-generated overview

Exceptional investment opportunity in Montgomery, Alabama. This 6,300 square foot industrial property, zoned M-1 for light industrial use, sits on a 0.75-acre lot at 880 Plantation Way, 36117. The property boasts dock-high and drive-in loading capabilities, a fenced yard, and ample parking. Its strategic location offers easy access to major thoroughfares, including proximity to the Eastern Bypass, approximately 0.2 miles from N Eastern Blvd/Hwy 231, approximately 1.6 miles from Atlanta Highway, and approximately 2.8 miles from I-85. A significant advantage is the presence of a long-term tenant—the largest independent provider of smart building solutions in the USA, with a global presence spanning 39 offices. The property generates a strong net operating income (NOI) of $47,230, resulting in an attractive 8.60% capitalization rate. The asking price is $550,000. This property presents a compelling investment opportunity due to its strong tenant, excellent location, and high cap rate. The building's functionality and convenient access to major transportation routes make it an ideal asset for long-term income generation and potential appreciation.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1986
Total area 6,465 SF
Lot 0.77 ac (33,750 SF)
Zoning code M-1
APN 10-01-01-1-001-034.001
UPID US03-0047155
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wholesale Controls International Inc Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Steamboat Endeavors LLC · 1 yrs held
Steamboat Endeavors LLC
since 2024
Last sale
$475,000
5 recorded transactions
2024
$475,000
2021
$293,900
2012
$350,000
2007
$184,000
1969
Price N/A
Zoning & alternative use
M-1 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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