For Sale
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433 Madison Ave, Montgomery, AL 36104
Mixed-use properties
Property Size3,706 SF
Price / SF$145.71
Days on Market3006
Property Features for 433 Madison Ave
General Information
Standard status
Active
Size
3,706 SF
Property subtype
Retail, Mixed Use
Zoning
T4-O
Building Details
Buildings
2
Tenancy
Single
Listing Agency:
Moore Company Realty
Listed By:
Steve Hughes · License #AL 000011917
(334) 386-2437
Source:
Crexi
Added: Aug 7, 2018
Changed: Oct 28
Last Checked: Oct 28 at 6:44AM
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 Moore Company Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- Heart of Downtown Montgomery Location
- Ideal for Office Space
- Includes a Waiting Area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,142
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,840
$822.8K
Cap Rate 7%
$587,743
$587.7K
Cap Rate 9%
$457,133
$457.1K
Market Conditions
NOI Build-Up for 3,706 SF
Gross rent
$62.3K $16.80/SF
− Vacancy
−$3.5K −$0.94/SF
EGI
$58.8K $15.86/SF
− OpEx
−$17.6K −$4.76/SF
NOI
$41.1K $11.10/SF
Area
Montgomery, AL
Vacancy
5.60%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,840
Cap Rate 7%
$587,743
Cap Rate 9%
$457,133
Alternative Uses
Best Use
Retail
$587.7K
$514.3K – $685.7K
NOI $41,142 @ 7.0% cap · market cap 7.62%
Second Best
Office B
$586.1K
$512.8K – $683.8K
NOI $41,025 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$768.5K
$672.4K – $896.6K
NOI $53,793 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,271
Businesses Nearby
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Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
Where is this mixed-use property located?
The property is located at 433 Madison Ave Montgomery, AL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Heart of Downtown Montgomery Location; Ideal for Office Space; Includes a Waiting Area
