Corner-Lot Car Wash
For Sale
$225,000
900 Adams Avenue, Montgomery, AL 36104
COMMERCIAL - Montgomery, AL
Property Size1,296 SF
Price / SF$173.61
Days on Market176
Property Features for 900 Adams Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
5
Middle school
,
Directions
Start on Madison Ave. Head SE toward downtown. Continue straight as Madison Ave. becomes Adams Ave. Stay on Adams Ave. past intersections and you will be heading east/southeast through the downtown. 900 Adams Ave. will be on your right-hand side
Subdivision
MONT-SW Mont/Regional Airport
Standard status
Active
APN
10-03-07-4-031-004.000
Size
1,296 SF
Taxes and HOA fees
Tax Description
LOT 35X100FT E/SIDE S JACKSON ST BEG 65FT S OSE COR JACKSON & ADAMS ST BEING S 35FT OF N 1FT LOTS 3 4 TROY PLAT MONTGY MAP BK 2 P 20
Tax Annual Amount
526
Legal Description
LOT 35X100FT E/SIDE S JACKSON ST BEG 65FT S OSE COR JACKSON & ADAMS ST BEING S 35FT OF N 1FT LOTS 3 4 TROY PLAT MONTGY MAP BK 2 P 20
Building Details
Year built
1948
Building materials
BrickVeneer, Concrete
Listing Agency:
KW Montgomery · Keller Williams Realty
(334) 277-8920
Listed By:
David Brown · License #0124318
(334) 277-8920
Added: Feb 18
Changed: Aug 4
Last Checked: Aug 13 at 12:06AM
MLS# 583681
Copyright © 2026 Montgomery Area Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner-lot car wash property is currently operating as a car wash and includes the building and interior spaces needed for day-to-day operations. The building features two oversized garage doors designed for equipment storage and service access. Inside, there is a spacious main area with a dedicated office, additional seating space, two half bathrooms, a dedicated laundry area with washer and dryer connections, and a kitchenette area suitable for a break room.
The property sits on just under one acre and is described as highly visible in downtown Montgomery. The structure is built with brick veneer and concrete and was constructed in 1948.
The layout supports continued car wash operations, and the on-site size and improvements also provide a basis for future redevelopment, subject to applicable requirements.
The property sits on just under one acre and is described as highly visible in downtown Montgomery. The structure is built with brick veneer and concrete and was constructed in 1948.
The layout supports continued car wash operations, and the on-site size and improvements also provide a basis for future redevelopment, subject to applicable requirements.
Key Highlights
- Currently operating car wash on a corner lot
- Two oversized garage doors for service access and equipment storage
- Dedicated laundry area with washer and dryer connections
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
$15,415
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
6.85%
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%
$308,300
$308.3K
Cap Rate 7%
$220,214
$220.2K
Cap Rate 9%
$171,278
$171.3K
Market Conditions
NOI Build-Up for 1,296 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
$21.8K $16.80/SF
− Vacancy
−$1.2K −$0.94/SF
EGI
$20.6K $15.86/SF
− OpEx
−$5.1K −$3.96/SF
NOI
$15.4K $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 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%
$308,300
Cap Rate 7%
$220,214
Cap Rate 9%
$171,278
Alternative Uses
Best Use
Specialty Retail
$220.2K
$192.7K – $256.9K
NOI $15,415 @ 7.0% cap · market cap 6.85%
Second Best
Industrial
$214.5K
$187.7K – $250.3K
NOI $15,016 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$268.7K
$235.2K – $313.5K
NOI $18,812 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 46%
Church's Chicken
Dining
6,501 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,520 visits/mo
0.5 miles
Demographics for 36104, AL
9,021
Population
5,265
Households
1.7
Avg Household Size
31
Median Age
26%
College-Educated
76%
High-School Grad
10.5 sq mi
ZIP Area
859
Density / Sq Mi
$34,975
Median Household Income
$21,668
Median Earnings
$787
Median Rent
$121,200
Median Home Value
Market
Vacancy Rate% for Retail in Montgomery, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Corner-lot car wash with two oversized garage doors, office space, and laundry area with washer and dryer connections.
Where is this car wash located?
The property is located at 900 Adams Avenue Montgomery, AL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Currently operating car wash on a corner lot; Two oversized garage doors for service access and equipment storage; Dedicated laundry area with washer and dryer connections
