Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    898 Plantation Way Montgomery, AL 36117
    Back to Search
    Property profile & analytics

    898 Plantation Way, Montgomery, AL 36117

    View on Map
    • Warehouses
    • 14,925 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • F.A Land USA / Big Box & Wholesale Store
    • Gulf Coast Office Products / Big Box & Wholesale Store

    Property Details for 898 Plantation Way

    Year built
    1989
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional 3,000 square foot flex space, part of a larger 14,925 square foot building at 898 Plantation Way in Montgomery, Alabama, presents a fantastic opportunity for businesses seeking versatile commercial space. Located in the SUB submarket and zoned M-1, this property offers a blend of office and industrial functionality, ideal for a variety of uses. Built in 1989, the building sits on a 1.03-acre lot, providing ample space for loading, parking, and potential expansion. The available space is immediately ready for occupancy, with a minimum divisible space of 3,000 square feet and a maximum contiguous space of 3,000 square feet. The property's flexible layout allows for customization to meet specific business needs. The building is currently multi-tenant, offering a collaborative environment. The property's address is 898 Plantation Way, Montgomery, AL 36117. This prime location offers easy access to major transportation routes and essential amenities. Don't miss this chance to secure a well-located, versatile commercial space in a thriving Montgomery market. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.207
    Latitude
    32.4007

    Comparable in this City

    • Value Estimation by Request
      30,723 SF

      5946 Monticello Dr

      Coworking space
      5946 Monticello Dr, Montgomery, AL 36117
      View Details
    • Value Estimation by Request
      48.00 Acres

      12317 Atlanta Hwy

      Flex space
      12317 Atlanta Hwy, Montgomery, AL 36117
      View Details
    • Value Estimation by Request
      0.68 Acres

      585 Oliver Rd

      MINI-WAREHOUSE, STORAGE
      585 Oliver Rd, Montgomery, AL 36117
      View Details
    • Value Estimation by Request
      0.83 Acres

      1215 Lagoon Business Loop

      MINI-WAREHOUSE, STORAGE
      1215 Lagoon Business Loop, Montgomery, AL 36117
      View Details
    • Value Estimation
      $2,320,000
      43,260 SF

      10690 John Knight Close

      MINI-WAREHOUSE, STORAGE
      10690 John Knight Close, Montgomery, AL 36117-5552
      View Details
    • Value Estimation
      $990,000
      15,750 SF

      950 Lagoon Business Loop

      MINI-WAREHOUSE, STORAGE
      950 Lagoon Business Loop, Montgomery, AL 36117-8618
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office/Warehouse Space For Sale

      3750 SF office/warehouse space available near highways.
      712 Oliver Rd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Seven-Suite Commercial Investment Opportunity

      Well-maintained, fully rented commercial building with warehouse space and ample parking.
      620 Oliver Rd, Montgomery, AL 36117
      View Details
    • Contact for pricing
      11,250 SF

      East Montgomery Industrial Flex Space

      Industrial flex space for sale in East Montgomery, Alabama.
      285 Kershaw Industrial Blvd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Office Zoned Land For Sale

      Land for office, rehab facility, or assisted living.
      Copperfield Dr, Montgomery, AL 36117
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Flex Building For Lease

      Move-in ready flex building with office and warehouse space.
      5669 Eddins Rd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Flex Building Near Eastern Blvd

      Flex building with truck dock and proximity to retailers.
      420 N Eastern Blvd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Office Space Available for Rent

      3,000 SqFt office space available for rent.
      898 Plantation Way, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Montgomery East Industrial Park Warehouse

      Warehouse space available in a convenient location near major interstates.
      311 N Eastern Blvd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Montgomery, Alabama.
      152 Market Pl, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Well-Maintained Office Building for Lease

      East Montgomery office building with on-site parking and high visibility.
      2545 Bell Rd, Montgomery, AL 36117
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    898 Plantation Way
    Montgomery, AL 36117
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    898 Plantation Way, Montgomery, AL, 36117
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!