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960 Lagoon Business Loop, Montgomery, AL 36109
Industrial properties
Property Size15,625 SF
Price / SF$143.10
Days on Market1147
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Property Features for 960 Lagoon Business Loop
General Information
Standard status
Active
Size
15,625 SF
Class
A
Total Parking Spaces
20
Property subtype
Industrial, Mixed Use, Retail
Zoning
M-1
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$123,000
Building Details
Year Built
2008
Year Renovated
2019
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Leitman-Perlman, Inc
Listed By:
Marc Perlman · License #AL 000047562
(205) 803-3000
Source:
Crexi
Added: Aug 26, 2023
Changed: Oct 7
Last Checked: Oct 14 at 10:32PM
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 Leitman-Perlman, Inc
Investment Insights
Based on property information with market context.
Key Highlights
- National credit tenant provides stable income on a corporate NNN lease.
- Price reduced to $2,236,000.
- Lease extends until March 31, 2028.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$181,041
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,620,820
$3.6M
Cap Rate 7%
$2,586,300
$2.6M
Cap Rate 9%
$2,011,567
$2.0M
Market Conditions
NOI Build-Up for 15,625 SF
Gross rent
$277.5K $17.76/SF
− Vacancy
−$18.9K −$1.21/SF
EGI
$258.6K $16.55/SF
− OpEx
−$77.6K −$4.97/SF
NOI
$181.0K $11.59/SF
Area
Montgomery, AL
Vacancy
6.80%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,620,820
Cap Rate 7%
$2,586,300
Cap Rate 9%
$2,011,567
Alternative Uses
Best Use
Industrial
$2.59M
$2.26M – $3.02M
NOI $181,041 @ 7.0% cap · market cap 8.10%
Second Best
Mixed Use
$2.36M
$2.06M – $2.75M
NOI $165,000 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $226,800 @ 7.0% cap · market cap 10.14%
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
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 36109, AL
24,176
Population
11,273
Households
2.1
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
2,139
Density / Sq Mi
$61,059
Median Household Income
$37,876
Median Earnings
$1,108
Median Rent
$134,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
Where is this industrial property located?
The property is located at 960 Lagoon Business Loop Montgomery, AL.
What is the asking price?
The asking price for this property is $2,236,000.
What are key features of this property?
This property features: National credit tenant provides stable income on a corporate NNN lease.; Price reduced to $2,236,000.; Lease extends until March 31, 2028.
