Prattville Office Building For
For Sale
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270 Interstate Hwy Park Loop, Prattville, AL 36066
Office building in growing retail corridor with easy highway access.
Property Size8,125 SF
Price / SF$221.54
Days on Market886
Property Features for 270 Interstate Hwy Park Loop
General Information
Standard status
Active
Size
8,125 SF
Class
C
Property subtype
Office
Lease Type
NNN
Building Details
Year Built
2000
Buildings
1
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
Moore Company Realty
Listed By:
Jon Masters · License #AL 000110883
(334) 387-2724
Source:
Crexi
Added: Apr 11, 2024
Changed: Sep 6
Last Checked: Sep 13 at 7:37AM
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
Investment Insights
Based on property information with market context.
This office building is situated in the rapidly expanding retail area of Prattville, Alabama, which had an estimated population of 39,076 in 2023, making it the 12th largest city in the state. The city's population has grown by 3.11% since the 2020 census, which recorded 38,286 residents, and is currently increasing at an annual rate of 1.03%. The property benefits from convenient access and ample parking. It is located approximately 0.3 miles from I-65, 2.3 miles from Cobbs Ford Road, and 3.1 miles from Highway 31. Additionally, it is situated approximately 3.4 miles from the Marriott Legends Conference Center and the Robert Trent Jones Capitol Hill Golf Course. The building has a size of 8,125 square feet. The area is experiencing significant residential development with a large number of new homes currently under construction.
Key Highlights
- Located in Prattville's fastest‑growing retail corridor.
- Easy accessibility with ample parking.
- Proximity to I‑65 (±0.3 miles).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,944
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,798,880
$1.8M
Cap Rate 7%
$1,284,914
$1.3M
Cap Rate 9%
$999,378
$999.4K
Market Conditions
NOI Build-Up for 8,125 SF
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.
Gross rent
$146.3K $18.00/SF
− Vacancy
−$26.3K −$3.24/SF
EGI
$119.9K $14.76/SF
− OpEx
−$30.0K −$3.69/SF
NOI
$89.9K $11.07/SF
Area
Autauga County, AL
Vacancy
18.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,798,880
Cap Rate 7%
$1,284,914
Cap Rate 9%
$999,378
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.50M
NOI $89,944 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.97M
NOI $117,936 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 36066, AL
22,206
Population
9,201
Households
2.4
Avg Household Size
37
Median Age
45%
College-Educated
95%
High-School Grad
20.1 sq mi
ZIP Area
1,105
Density / Sq Mi
$80,364
Median Household Income
$47,110
Median Earnings
$1,300
Median Rent
$220,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building in growing retail corridor with easy highway access.
Where is this office building located?
The property is located at 270 Interstate Hwy Park Loop Prattville, AL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Located in Prattville's fastest‑growing retail corridor.; Easy accessibility with ample parking.; Proximity to I‑65 (±0.3 miles).
