Current Use by Public Records
- Office Spaces
Property Details for 5768 Carmichael Pkwy
- Year built
- 1981
- Lot size
- 0.80 lot acres
- Property type
- Office Spaces
Description
This exceptional investment opportunity presents a fully leased, single-story, 7,815-square-foot Class B professional office building situated on a 0.8-acre lot at 5768 Carmichael Parkway in Montgomery, Alabama. The property boasts 100% occupancy with three tenants under a gross lease structure, providing a stable income stream. The current lease expires August 31, 2027, offering a remaining lease term of approximately 2.8 years. Built in 1981, this building is zoned B-3 and features a backup generator, ensuring operational continuity. The property's strong financial performance is highlighted by a 7.53% capitalization rate and a net operating income (NOI) of $50,851, with an asking price of $675,000 ($86.37 per square foot). The convenient location is approximately half a mile from Eastern Boulevard and the I-85 on-ramp, providing excellent access to major transportation routes. This is an ideal investment for those seeking a stable, high-yield property in a thriving commercial area of Montgomery, Alabama. The property is conveniently located near several businesses including Haynes Ambulance, Serco, HCS Healthcare Systems, Central Alabama Pediatric Consultants, and Sadler Chiropractic.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2069
- Latitude
- 32.3611
