Mixed-Use Property with
New
For Sale
$389,000
912 South Brundidge Street, Troy, AL 36801
The office component provides six private offices, two conference rooms, and three bathrooms.
Property Size4,100 SF
Price / SF$94.88
Days on Market2
Property Features for 912 South Brundidge Street
General Information
Standard status
Active
Size
4,100 SF
Property subtype
Commercial
Additional Details
Property Use
Office, Warehouse, Undeveloped
Building Details
Building Size
4,100 SF
Year Built
1985
Listing Agency:
DAVID ADAMS REALTY, LLC
Listed By:
Mark Adams
(334) 464-7312
Source:
Davidadamsrealty
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 26 at 3:45PM
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 ADAMS REALTY, LLC
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Investment Insights
Based on property information with market context.
This mixed-use property combines office space with two separate warehouse buildings and additional undeveloped property. The office building has six offices, two conference rooms, and three bathrooms. One warehouse, approximately 2,000 SF, sits adjacent to the office and includes additional office space; a separate warehouse measures approximately 1,200 SF. The office building was constructed in 1985.
The property is on South Brundidge Street in Troy, Alabama, near Troy University.
The property is on South Brundidge Street in Troy, Alabama, near Troy University.
Key Highlights
- Office building includes 6 offices, 2 conference rooms, and 3 bathrooms
- Adjacent approximately 2,000+/- SF warehouse with additional office space
- Separate 1,200+/- SF warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,028
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,560
$480.6K
Cap Rate 7%
$343,257
$343.3K
Cap Rate 9%
$266,978
$267.0K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$31.0K $7.56/SF
− Vacancy
−$2.7K −$0.67/SF
EGI
$28.3K $6.89/SF
− OpEx
−$4.2K −$1.03/SF
NOI
$24.0K $5.86/SF
Area
Lee County, AL
Vacancy
8.80%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,560
Cap Rate 7%
$343,257
Cap Rate 9%
$266,978
Alternative Uses
Best Use
Office B
$726.3K
$635.5K – $847.3K
NOI $50,839 @ 7.0% cap · market cap 13.07%
Second Best
Mixed Use
$514.0K
$449.7K – $599.6K
NOI $35,978 @ 7.0% cap · market cap 9.25%
Theoretical Best
Office A
$1,000.0K
$875.0K – $1.17M
NOI $69,998 @ 7.0% cap · market cap 17.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
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Business Placement
Demographics for 36801, AL
24,590
Population
11,363
Households
2.2
Avg Household Size
38
Median Age
33%
College-Educated
89%
High-School Grad
78.3 sq mi
ZIP Area
314
Density / Sq Mi
$58,256
Median Household Income
$39,018
Median Earnings
$926
Median Rent
$211,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The office component provides six private offices, two conference rooms, and three bathrooms.
Where is this mixed-use property located?
The property is located at 912 South Brundidge Street Troy, AL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Office building includes 6 offices, 2 conference rooms, and 3 bathrooms; Adjacent approximately 2,000+/- SF warehouse with additional office space; Separate 1,200+/- SF warehouse
