960 Lagoon Business Loop Montgomery, AL 36109
960 Lagoon Business Loop, Montgomery, AL, 36109
Contact for pricing
For Sale
Contact for pricing
Industrial properties
Property Size15,625 SF
Price / SF$143.10
Days on Market1057
Property Features for 960 Lagoon Business Loop
General Information
- Standard status
- Active
- Size
- 15,625 SF
- Property subtype
- Industrial, Mixed Use, Retail
Building Details
- Year Built
- 2008
Listing Agency
Leitman-Perlman, Inc
(205) 803-3000
Listed by
Marc Perlman · License #AL 000047562
Source
Crexi
Added: Aug 26, 2023 Checked: Jul 16 at 9:02 am
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.
Local Financial Insights For Industrial
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 | $277.5k | $17.76 |
| − Vacancy | −$18.9k | −$1.21 |
| EGI | $258.6k | $16.55 |
| − OpEx | −$77.6k | −$4.97 |
| NOI | $181.0k | $11.59 |
15,625 SF · lease $17.76/SF/yr · vacancy 6.80% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
Similar For Sale Nearby
FAQs
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.
