Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    960 Lagoon Business Loop Montgomery, AL 36109

    Sponsored
    For Sale
    $2,236,000

    High-yield retail investment opportunity. National tenant, strong NOI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional storefront property, located at 960 Lagoon Business Loop in Montgomery, Alabama (zip code 36109), presents a compelling investment opportunity. Priced at $2,236,000, this retail space boasts a strong 5.00% capitalization rate and a net operating income (NOI) of $123,000 annually. The property features a corporate lease with a national credit tenant, ensuring consistent income. The current five-year lease term expires on March 31, 2028. This location offers convenient access to Montgomery's industrial areas and numerous restaurants. A significant advantage is the property's backing onto the Lagoon Park Golf Course. The lease is a NNN (Net, Net, Net) structure, meaning the landlord's responsibility is limited to the building's structure and roof. This low-maintenance investment provides a secure and profitable return, making it an ideal addition to any portfolio. The property's prime location and strong tenant history make it a highly desirable asset in the Montgomery market. This is a rare opportunity to acquire a stable, high-performing retail investment.

    Property Features for 960 Lagoon Business Loop

    General Information

    Property type
    Individual retail properties

    HighLights

    • National Credit Tenant with Corporate Lease.
    • Five‑Year Lease Expiring March 31, 2028.
    • Convenient to Montgomery's Industrial Areas and Restaurants.
    • Backs onto Lagoon Park Golf Course.
    • NNN Lease; Landlord Responsible Only for Structure and Roof.
    • $123,000 Annual NOI; $2,236,000 Sale Price (Note: Sale price corrected from original highlight).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop 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
    -86.2169325
    Latitude
    32.4055684

    Nearby Similar for Sale

    • $549,900
      6,508 SF

      Montgomery Office Building For Sale

      Well-maintained office building with income potential in Montgomery's business district.
      4249 Lomac St, Montgomery, AL 36106
      View Details
    • $489,000
      7,359 SF

      Unique Mixed-Use Property, Montgomery, AL

      Versatile property suitable for residential and commercial use.
      414 Perry Hill Rd, Montgomery, AL 36109
      View Details
    • $250,000

      Cloverdale Duplex: Investor Opportunity

      Well-maintained duplex in Cloverdale, ideal for rental income.
      2058 Woodley Rd, Montgomery, AL 36111
      View Details
    • $550,000

      Eastern Blvd Commercial Opportunity

      Prime commercial property on Eastern Blvd, Montgomery, AL.
      1301 Eastern Blvd, Montgomery, AL 36117
      View Details
    • $425,000
      3,130 SF

      Versatile Commercial Building with Courtyard

      Unique commercial building suitable for various uses, including office and hospitality.
      1921 Walnut St, Montgomery, AL 36106
      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
    • $249,900

      Cloverdale Duplex with Income Potential

      Two-unit property in Cloverdale/Idlewild with potential for additional income.
      3355 Lexington Rd, Montgomery, AL 36106
      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
    • $269,900

      Charming Duplex in Cloverdale Historic

      1940's duplex in Cloverdale with new appliances.
      1131 Magnolia Curv, Montgomery, AL 36106
      View Details
    • $210,000

      Cloverdale Duplex Investment Opportunity

      Upgraded duplex in Cloverdale with strong rental potential.
      139 Mount Vernon Dr, Montgomery, AL 36105
      View Details
    • New
      $100,000

      Montgomery Triplex with Investment Potential

      Three-unit property with separate meters and off-street parking.
      1255 S Hull St, Montgomery, AL 36104
      View Details
    • $95,000

      Capitol Heights Triplex Investment

      Three-unit multifamily property in Montgomery's Capitol Heights neighborhood.
      2107 Winona Ave, Montgomery, AL 36107
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-yield retail investment opportunity. National tenant, strong NOI.
    Where is this individual retail 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 with Corporate Lease.; Five-Year Lease Expiring March 31, 2028.; Convenient to Montgomery's Industrial Areas and Restaurants.
    Request Owner's contact information
    960 Lagoon Business Loop Montgomery, AL 36109
    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.
    960 Lagoon Business Loop
    Montgomery, AL 36109
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    960 Lagoon Business Loop Montgomery, AL 36109
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.