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    Property profile & analytics

    3321 Kessinger Dr Montgomery, AL 36116

    • Office buildings
    • 7,828 SF
    • 0.76 lot acres
    For Sale
    View listing
    $999,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-3095181
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Spectrum Reach / Advertising Agency / Media Company

    Property Details for 3321 Kessinger Dr

    Year built
    2006
    Construction
    WOOD
    Lot size
    0.76 lot acres
    Property size
    7,828 SF
    Zone code
    PUD
    Property type
    Office buildings
    APN
    09-09-29-3-000-001.033
    APU
    909293000001033

    Description

    Exceptional investment opportunity in East Montgomery, Alabama, featuring a fully leased, 7,654 square foot Class A office building constructed in 2006. This single-building property sits on a 0.8-acre lot (APN: 0909293000001033) and boasts a strong 8.50% cap rate with a Net Operating Income (NOI) of $87,415. The property is 100% occupied by two national tenants under a modified lease with rent bumps. Located at 3321 Kessinger Dr, Montgomery, AL 36116, this prime location offers convenient access to major roadways, including I-85 (2 miles away), and is near the intersection of Taylor Road and Vaughn Road, across from Sturbridge Subdivision. The property benefits from a thriving commercial area with ample dining, retail, and entertainment options. The surrounding area demonstrates strong growth potential, with over 46,000 residents within a 3-mile radius and a projected 5-year growth rate of 10.77%. The permitted zoning is PUD. This well-maintained property presents a strategic investment opportunity with potential for future expansion. The asking price is $999,000, translating to $130.52 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $647,000
      Market price range: $333k - $757k
      AI Estimate
      $831,000
      Market price range: $193k - $1.15M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $510,000
      Current use
      MEDICAL BUILDING
      $1,070,000
      Change: +109% Conversion: Easy
      RETAIL STORES
      $765,000
      Change: +50% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $605,000
      Change: +18% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $600,000
      Change: +17% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.1814
    Latitude
    32.3349
    CBSA code
    33860
    CBSA name
    MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,435
    $33,280
    $184,960
    $218,240
    -
    $166,400
    $924,800
    $1,091,200

    Comparable in this City

    • Value Estimation by Request
      1,550 SF

      2840 Es Blvd

      OFFICE BUILDING • 1,550 SF
      2840 Es Blvd, Montgomery, AL 36116-2514
      View Details
    • Value Estimation
      $1,895,000
      46,895 SF

      4525 Executive Park Dr

      OFFICE BUILDING • 46,895 SF
      4525 Executive Park Dr, Montgomery, AL 36116-1624
      View Details
    • Value Estimation by Request
      7,733 SF

      1201 Es Blvd

      OFFICE BUILDING • 7,733 SF
      1201 Es Blvd, Montgomery, AL 36116-2315
      View Details
    • Value Estimation
      $1,410,000
      10,064 SF

      2430 Fairlane Dr

      OFFICE BUILDING • 10,064 SF
      2430 Fairlane Dr, Montgomery, AL 36116-1642
      View Details
    • Value Estimation by Request
      2,466 SF

      6940 Vaughn Rd

      OFFICE BUILDING • 2,466 SF
      6940 Vaughn Rd, Montgomery, AL 36116-1368
      View Details
    • Value Estimation
      $940,000
      10,331 SF

      8130 Seaton Pl

      OFFICE BUILDING • 10,331 SF
      8130 Seaton Pl, Montgomery, AL 36116-7204
      View Details

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    • $999,000
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      East Montgomery Office Investment

      High-yield, fully leased office building.
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    Similar Nearby for Lease

    • $12 SF/Yr
      6,000 SF

      Vaughn Road Office Space Available

      Montgomery Office: 6,000 sq ft, 25 parking spaces
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      View Details
    • $8 SF/Yr
      2,429 SF

      Sturbridge Office Space: Prime Location

      Executive/Medical Suites Available Now
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      View Details
    • Contact for pricing
      59,989 SF

      Aronov Centre Office Space Available

      Montgomery, AL Executive Office Suites
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    • $3 SF/Yr
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      Executive Office & Warehouse Space

      Montgomery County, MD: Prime Office/Warehouse
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    • $500 /Mo

      Office Suites in Sturbridge Office

      Office suites available for lease in Montgomery, Alabama.
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    • Contact for pricing
      27,030 SF

      Park Place Executive Office Suites

      Modern Montgomery Office Space, Flexible Sizes
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      View Details
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    Montgomery, AL 36116
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    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
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