Bed and Breakfast Event
For Sale
Contact for pricing
1632 S Court St, Montgomery, AL 36104
Bed and breakfast/event center in the Central Business District.
Property Size6,234 SF
Price / SF$152.37
Days on Market1659
Property Features for 1632 S Court St
General Information
Standard status
Active
Size
6,234 SF
Property subtype
Retail
Zoning
B-1-b-q & R-60-m
Building Details
Year Built
1915
Tenancy
Multi
Listing Agency:
Moore Company Realty
Listed By:
Steve Hughes · License #AL 000011917
(334) 386-2437
Source:
Crexi
Added: Apr 12, 2022
Changed: Oct 26
Last Checked: Oct 24 at 6:00PM
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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Investment Insights
Based on property information with market context.
Located in the Central Business District, this 6,234-square-foot property functions as a bed and breakfast and event center. The surrounding area has a high concentration of employees, with 35,826 individuals working within a 1-mile radius. The building is situated near the Federal Court House and the Montgomery County Court House.
Key Highlights
- Located in the Central Business District (CBD)
- Event Center and Bed and Breakfast
- High employee density: 35,826 employees within a 1‑mile radius
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,980
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,600
$639.6K
Cap Rate 7%
$456,857
$456.9K
Cap Rate 9%
$355,333
$355.3K
Market Conditions
NOI Build-Up for 6,234 SF
Gross rent
$89.8K $14.40/SF
− Vacancy
−$22.4K −$3.60/SF
EGI
$67.3K $10.80/SF
− OpEx
−$35.3K −$5.67/SF
NOI
$32.0K $5.13/SF
Area
Montgomery, AL
Vacancy
25.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,600
Cap Rate 7%
$456,857
Cap Rate 9%
$355,333
Alternative Uses
Best Use
Hotel Hospitality
$456.9K
$399.8K – $533.0K
NOI $31,980 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,488 @ 7.0% cap · market cap 9.53%
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
519
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- House of diamonds — 461 Cramer Ave, Montgomery, AL 36104
- Bessie Sears Hall — 908 S University Dr, Montgomery, AL 36106, United States
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Bed and breakfast/event center in the Central Business District.
Where is this bed & breakfast located?
The property is located at 1632 S Court St Montgomery, AL.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Located in the Central Business District (CBD); Event Center and Bed and Breakfast; High employee density: 35,826 employees within a 1‑mile radius
