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    818 Perry St Montgomery, AL 36104

    For Lease
    $9 SF/Yr ($7,173 /Mo)

    Prime location, flexible suites, ample parking.

    Lot size:
    9,565 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional two-story office building, located at 818 S Perry St in Montgomery, Alabama, offers 9,565 square feet of versatile space ideal for executive offices or coworking. The property, classified as Class C and built in 1974, sits on a 0.51-acre lot within Montgomery's central business district (CBD), zoned O-1: Office District. The entire 9,565 square feet is currently vacant and available for lease. Flexible lease terms are available for spaces ranging from a minimum of 4,710 square feet up to the entire building. The building features convenient on-site parking for both employees and clients. The first floor encompasses approximately 4,855 square feet, while the second floor offers approximately 4,710 square feet. Its strategic location provides excellent visibility and is conveniently situated 1.2 miles from the I-85/I-65 interchange, offering easy access to major transportation routes. Furthermore, its proximity to Maxwell Air Force Base (3.2 miles), a significant employer with 25,000 active duty personnel, guards, reserves, contractors, and retirees, as well as the Air Force University with 20,000 annual attendees, presents a unique opportunity to tap into a substantial workforce pool. This property represents a compelling investment opportunity in a thriving downtown Montgomery location.

    Property Features for 818 Perry St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,565 SF
    Class
    C
    Total Rate
    7173.75

    Building Details

    Year Built
    1974

    Unit(s) available at that property

    Space
    Second Floor
    Size
    4,710 SF
    Rate per SF
    $9
    Space
    First Floor
    Size
    4,855 SF
    Rate per SF
    $9

    HighLights

    • Prime downtown Montgomery location.
    • High‑visibility, two‑story office building.
    • Situated in Montgomery's Central Business District (CBD).
    • Ample on‑site parking.
    • First floor: 4,855± square feet.
    • Second floor: 4,710± square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Dannon Project Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Law Firm Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.3072866
    Latitude
    32.3655616

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    FAQs

    What type of property is this?
    Coworking space - Prime location, flexible suites, ample parking.
    Where is this coworking space located?
    The property is located at 818 Perry St Montgomery, AL.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Montgomery location.; High-visibility, two-story office building.; Situated in Montgomery's Central Business District (CBD).
    Request Owner's contact information
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    Montgomery, AL 36104
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    Realmo Value Estimation

    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.

    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.

    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
    818 Perry St Montgomery, AL 36104
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