Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Block F - Malcolm Dr Montgomery, AL 36116

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Commercial Lot, B-3 Zoning, $213,000

    Property Features for 1 Block F - Malcolm Dr

    General Information

    Property type
    Office properties & Spaces

    We can help!

    Listing Contact
    John Stanley
    John Stanley

    Listing Agent: John Stanley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial lot, located at Lot 1, Block F - Malcolm Drive in Montgomery, Alabama, presents a unique investment opportunity. Boasting an impressive size of approximately 35,501 square feet, this property is zoned B-3, allowing for a wide range of commercial uses. Situated at the corner of Malcolm Drive and Averiett Drive, just off Taylor Road, this lot offers excellent visibility and accessibility for any business. The asking price is $213,000, translating to approximately $6.00 per square foot. This represents a compelling value for a property of this size and location in Montgomery. The property is available for immediate possession. While the property is subject to Protective Covenants and Restrictions, these details are readily available upon request. This prime location, combined with its generous size and favorable zoning, makes this lot ideal for a variety of commercial ventures. Don't miss this chance to secure a prominent location in a thriving Montgomery business district. The zip code is 36116.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.1803786
    Latitude
    32.3301026

    Nearby Similar for Sale

    • New
      $459,900
      7,359 SF

      Versatile Mixed-Use Commercial Property

      7,300+ sqft Montgomery property suitable for residential and commercial use.
      414 Perry Hill Rd, Montgomery, AL 36109
      View Details
    • $529,900
      6,508 SF

      Montgomery Office Building For Sale

      Well-maintained office building in Montgomery's business district.
      4249 Lomac St, Montgomery, AL 36106
      View Details
    • $520,000
      4,108 SF

      Renovated Commercial Building, Flexible Layout

      Remodeled commercial building with flexible layout and income potential.
      6322 Woodmere Blvd, Montgomery, AL 36117
      View Details
    • $495,000
      7,530 SF

      Established Automotive Business Opportunity

      Turn-key automotive business with prime location and equipment included.
      4015 Mobile Hwy, Montgomery, AL 36108
      View Details
    • New
      $550,000

      Eastern Blvd Commercial Opportunity

      Prime commercial property on Eastern Blvd, Montgomery, AL.
      1301 Eastern Blvd, Montgomery, AL 36117
      View Details
    • $680,000
      4,897 SF

      Multi-Tenant Building in Montgomery, AL

      Multi-tenant building with recent renovations and ample parking.
      7010 Fulton Ct, Montgomery, AL 36117
      View Details
    • $495,650
      2,088 SF

      Modern Medical Office For Sale

      Modern medical office near Baptist East ER entrance, ample parking.
      6916 Winton Blount Blvd, Montgomery, AL 36117
      View Details
    • $550,000
      6,018 SF

      Two-Story Office Building For Sale

      Two-story office building with 22 suites in a visible location.
      5295 Vaughn Rd, Montgomery, AL 36116
      View Details
    • $110,000
      2,527 SF

      Historic Office Building Near Capitol

      Historic office building near the Capitol complex and Board of Education.
      429 S Decatur St, Montgomery, AL 36104
      View Details
    • $275,000
      1,296 SF

      Corner Lot Car Wash Opportunity

      Highly visible car wash on a corner lot in downtown.
      900 Adams Ave, Montgomery, AL 36104
      View Details
    • $198,700
      1.38 Acres

      Commercial Building in Montgomery, AL

      Commercial building with high visibility and easy interstate access.
      33 East South St, Montgomery, AL 36104
      View Details
    • $260,000
      17,887 SF

      Historic Building Near Peace Memorial

      Renovated historic building near Peace and Justice Memorial.
      506 Sayre St, Montgomery, AL 36104
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Commercial Lot, B-3 Zoning, $213,000
    Where is this office property located?
    The property is located at 1 Block F - Malcolm Dr Montgomery, AL.
    What is the asking price?
    The asking price for this property is $213,000.
    What are key features of this property?
    This property features: Price: $213,000 ($6.00/SF); Lot Size: ±35,501 SF; Zoning: B-3 Commercial
    (334) 271-2475 Call to check price and availability
    Request Owner's contact information
    1 Block F - Malcolm Dr Montgomery, AL 36116
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Block F - Malcolm Dr
    Montgomery, AL 36116
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Block F - Malcolm Dr Montgomery, AL 36116
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Stanley
    John Stanley
    Real Estate License ID: 000011902
    (334) 271-2475
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!