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Property profile & analytics
FOR SALE
Office buildings

2781 Zelda Rd Montgomery, AL 36106

8,811 SF 0.58 ac lot Built 1988
Entity Owned 1-yr Hold Free & Clear
Property ID
US03-0312572
Property summary
AI-generated overview

This 8,751-square-foot executive office building at 2781 Zelda Rd in Montgomery, Alabama, is available for purchase at $995,000 ($102.73/sq ft). The Class B property, built in 1988, sits on a 0.579-acre lot and is zoned B-2. Currently vacant, this Net lease property offers significant potential. The building boasts convenient on-site parking for employees and clients, a key advantage for any business. Its location on a major thoroughfare ensures high visibility, with traffic counts exceeding 28,450 vehicles daily. Furthermore, its proximity to I-85 and the central business district provides easy access for commuters. Three major shopping centers are within a half-mile radius, offering employees and clients a variety of amenities. The property is also conveniently located approximately 5.5 miles from Maxwell Air Force Base. This presents a unique opportunity to acquire a well-situated office building in a thriving Montgomery location. The asking price has been reduced, making this an attractive investment opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Construction WOOD
Total area 8,811 SF
Lot 0.58 ac (25,221 SF)
Zoning code B-2
APN 10-05-16-4-012-028.000
UPID US03-0312572
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Donohoe & Stapleton, LLC Law Firm
  • American Soc of Portrait Art Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$785k
Blend (final) Blend
$955k
Owner & transaction history
Donohoe & Stapleton LLC · 1 yrs held
Donohoe & Stapleton LLC
since 2024
4 recorded transactions
2024
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-2 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.2M +99.8%
Neighborhood: shopping center $680,000 +13.2%
Commercial (general) $675,000 +12.0%
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More about this property
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