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East Montgomery Leased Investment Property

3321 Kessinger Dr, Montgomery, AL 36116

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For Sale

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Fully leased office building in a sought-after eastside location.

Type:Office

Property size:

7,654 SF

Price / SF:

$129/SF

HighLights

Fully leased investment property.
Prime East Montgomery location.
7,654 square foot office building constructed in 2006.
High growth area: 10.77% growth rate expected over 5 years.
Located near the intersection of Taylor Road and Vaughn Road, across from Sturbridge Subdivision and 2 miles from I‑85.
Convenient access to dining, retail, and entertainment.

We can help!

Listing Contact

David Potts

For Sale

Contact for pricing

Fully leased office building in a sought-after eastside location.

Type:Office

Property size:

7,654 SF

Price / SF:

$129/SF

Added:: Aug 12, 2024
Days on Market:: 672
Last Refresh:: May 13 at 8:10 pm

Property Features for 3321 Kessinger Dr

General Information

Standard status: Active
Size: 7,654 SF
Property subtype: Office

Building Details

Year Built: 2006

We can help!

Listing Contact

David Potts

Listing agent David Potts License #AL 000057829

Listing office Aronov Realty Brokerage

Listing date Aug 12, 2024

Source Crexi

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 Aronov Realty Brokerage

HighLights

Fully leased investment property.
Prime East Montgomery location.
7,654 square foot office building constructed in 2006.
High growth area: 10.77% growth rate expected over 5 years.
Located near the intersection of Taylor Road and Vaughn Road, across from Sturbridge Subdivision and 2 miles from I‑85.
Convenient access to dining, retail, and entertainment.

Overview

This 7,654 square foot office building, constructed in 2006, is located in East Montgomery near the intersection of Taylor Road and Vaughn Road, across from Sturbridge Subdivision and 2 miles from I-85. The property is a fully leased investment opportunity. The location provides convenient access to dining, retail, and entertainment options, fostering a dynamic environment for business and professional growth. The eastside office location is highly sought after, with over 46,000 residents within a 3 mile radius and an expected growth rate of 10.77% over 5 years.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$137.8k	$18.00
− Vacancy	−$24.8k	−$3.24
EGI	$113.0k	$14.76
− OpEx	−$28.2k	−$3.69
NOI	$84.7k	$11.07

7,654 SF · lease $18.00/SF/yr · vacancy 18.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,730 @ 7.0% cap · market cap 8.52%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.59M

$1.39M – $1.85M (±1% cap)

NOI $111,099 @ 7.0% cap · market cap 11.17%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Spectrum Reach Marketing & Advertising

Suggested Use

Location Insight

Map
Local Demand

City: Montgomery
County: Montgomery
State: Alabama
Longitude: -86.1812962
Latitude: 32.3348299

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