Technical
Financial
Distress signals
Property profile

1028 Lagoon Business Loop Montgomery, AL 36117

OFF-MARKET
Office buildings
Property ID
US03-1020842
10,050 SF 1.41 ac lot Built 2007
Individually Owned 10-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Total area 10,050 SF
Lot 1.41 ac (61,550 SF)
Zoning code M-1
APN 04-07-36-3-000-002.025
UPID US03-1020842

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Credit Union

Location

1028 Lagoon Business Loop Montgomery, AL 36117-8617
Montgomery metro Census 5302 MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$784k
Blend (final) Blend
$220k

Owner & transaction history

since 2016
1 recorded transaction
2016
$492,500

Zoning & alternative use

M-1 · Montgomery, AL
Zoning description

1; Ord. No. 44-68, § 1; Ord. No. 31-73; Ord. No. 69-83, § 1, 9-27-1983; Ord. No. 84-2002, § 1, 12-17-2002; Ord. No. 42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014) Sec. 4. - Industrial districts. Light Industry…

General category INDUSTRIAL
Top alternative use upside
Retail stores $975,000 +30.5%
Neighborhood: shopping center $780,000 +4.2%
Commercial (general) $770,000 +3.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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