Technical
Financial
Distress signals
Property profile

214 Mitylene Park Dr Montgomery, AL 36117

OFF-MARKET
Medical Office Space
Property ID
US03-0329431
5,889 SF 0.44 ac lot Built 2006
Entity Owned 22-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 6,432 square foot medical office building, constructed in 2006, is situated on a 22,285 square foot lot in Montgomery, Alabama. The property, zoned O-1, features a Class C building with two stories and offers ample parking with 30 spaces. The building's layout is ideal for one or two physician practices, boasting a functional and efficient floor plan. Its strategic location off Taylor Road provides convenient access, being just one block away from Baptist Medical Center East, ensuring high visibility and patient accessibility. The asking price is $1,250,000, translating to $194.34 per square foot. The property is currently used as a medical office and offers excellent access. Possession is to be determined. This is an exclusive listing. Serious inquiries only.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2006
Construction WOOD
Total area 5,889 SF
Lot 0.44 ac (19,123 SF)
Zoning code B-2
APN 09-03-08-4-000-010.001
UPID US03-0329431

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
  • Medical Clinic

Location

214 Mitylene Park Dr Montgomery, AL 36117-3548
Montgomery metro Census 5407 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
$792k
Blend (final) Blend
$250k

Owner & transaction history

since 2004
3 recorded transactions
2024
Price N/A
2004
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Montgomery, AL
Zoning description

lands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores…

General category COMMERCIAL

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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