Montevallo Main Street Commercial
955 Main Street Montevallo, AL 35115
955 Main Street, Montevallo, AL, 35115
$350,000
For Sale
$350,000
Unique commercial building on Main Street in Montevallo, Alabama.
Property Size1,328 SF
Price / SF$263.55
Days on Market130
Property Features for 955 Main Street
General Information
- Standard status
- Active
- Size
- 1,328 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1974
Listing Agency
TEAMMASSEYPROPERTIES, LLC
(205) 665-0095
Listed by
Nathan Stamps
(205) 665-0095
Source
Exitrealty
Added: Mar 10 Checked: Jul 10 at 3:55 pm
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 TEAMMASSEYPROPERTIES, LLC
Investment Insights
Based on property information with market context.
Located on Main Street in Montevallo, Alabama, this property, currently the Blue Phrog Art Gallery, offers a unique commercial opportunity. Originally a bank, the 1,328 square foot building could be repurposed as a bank again or serve as a professional or retail building. The property features an entrance and an exit driveway, with parking available at the rear of the building. The building includes two restrooms and a storage room.
Key Highlights
- Prime main street location in Montevallo.
- Unique property with potential for various uses (bank, professional, retail).
- Ample parking in the rear of the building.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.9k | $15.00 |
| − Vacancy | −$2.1k | −$1.55 |
| EGI | $17.9k | $13.46 |
| − OpEx | −$5.4k | −$4.04 |
| NOI | $12.5k | $9.42 |
1,328 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$178.7K
$156.4K – $208.5K
NOI $12,508 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.7K
$272.8K – $363.7K
NOI $21,820 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Montevallo Flowers — 4510 AL-25, Montevallo, AL 35115
FAQs
What type of property is this?
Storefront property - Unique commercial building on Main Street in Montevallo, Alabama.
Where is this storefront property located?
The property is located at 955 Main Street Montevallo, AL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Prime main street location in Montevallo.; Unique property with potential for various uses (bank, professional, retail).; Ample parking in the rear of the building.
