1425 Parkway Loop Montgomery, AL 36106
- Office Properties & Spaces
- 12,567 SF
- 1.26 lot acres
Current Use by Public Records
- Cason John C / Attorney
- Baby Space - 3D/4D/5D Ultrasound / Medical Diagnostic Imaging Center
- Southeast Research, Inc. / Market Researcher / Data Recovery Service
- Community Benefit Services / Employment Agency
- Quest Diagnostics / Association / Organization
Property Details for 1425 Parkway Loop
- Year built
- 1975
- Lot size
- 1.26 lot acres
- Property size
- 12,567 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents two, single-story office buildings totaling 12,567 square feet situated on a 1.26-acre lot in Montgomery, Alabama. Located at 1425 I-85 Pkwy, this Class B property boasts a compelling 19.09% pro-forma cap rate and a Net Operating Income (NOI) of $66,802, with an asking price of $350,000 ($27.85/SF). Built in 1975 and zoned B-2, the property features multi-tenant occupancy under a NNN lease structure. Its prime location offers convenient access to I-85, placing it near numerous amenities including hotels, restaurants, shopping centers, and residential areas. The property benefits from high daily traffic counts on Carmichael Road (19,130 AADT) and a significant daytime employee population within a one-mile radius (8,143). Its proximity to the Cancer Center and other medical offices, along with its convenient access to Eastern Blvd and Interstate 85 (Exit 6), further enhances its appeal. Additional nearby attractions include the Alabama Shakespeare Festival, Downtown Montgomery, and Maxwell Air Force Base, a major employer in the region. This value-add property presents a strong potential for increased returns.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2342
- Latitude
- 32.3595
