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    3116 Parliament Cir Montgomery, AL 36116

    Sponsored
    For Sale
    $1,999,999

    Executive Office, High Cap Rate, NNN Lease

    Property size:
    3,584 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A executive office building, located at 3116 Parliament Cir, Montgomery, AL 36116, presents a compelling investment opportunity. The 3,584 square foot building, constructed in 2024, sits on a 0.99-acre lot offering high visibility off Vaughn Road. Currently 100% occupied under a long-term NNN lease with MainStreet Family Care, the lease commenced January 7, 2025, and extends for 15 years, with four or five-year renewal options. The property boasts a 6.50% cap rate and offers secure income and stable cash flow. Its prime location near high-performing retailers and affluent residential areas ensures strong tenant demand and long-term value. The fee simple ownership provides complete control and potential for future appreciation. This is a rare opportunity to acquire a newly constructed, high-performing asset in a desirable Montgomery location. The property's strategic positioning and strong tenant occupancy make it an ideal addition to any investment portfolio. The asking price is $1,999,999.

    Property Features for 3116 Parliament Cir

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,584 SF
    Class
    A
    Lot Size
    43,124 SF

    Building Details

    Year Built
    2024

    HighLights

    • $1,999,999 Asking Price
    • Class A, 3,584 SF Executive Office building in Montgomery, AL
    • NNN Lease, 15‑year term commencing January 7, 2025, with four (4) five (5) year renewal options
    • 100% occupancy with a strong tenant, MainStreet Family Care
    • 6.50% Cap Rate, Fee Simple Ownership, built in 2024 on a 0.99‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    MainStreet Family Care Urgent Care Center KidsStreet Urgent Care Urgent Care Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -86.165073
    Latitude
    32.338196

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    FAQs

    What type of property is this?
    Office Property / Space - Executive Office, High Cap Rate, NNN Lease
    Where is this office property / space located?
    The property is located at 3116 Parliament Cir Montgomery, AL.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: $1,999,999 Asking Price; Class A, 3,584 SF Executive Office building in Montgomery, AL; NNN Lease, 15-year term commencing January 7, 2025, with four (4) five (5) year renewal options
    Request Owner's contact information
    3116 Parliament Cir Montgomery, AL 36116
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    Montgomery, AL 36116
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    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
    3116 Parliament Cir Montgomery, AL 36116
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