5600 Calmar Dr Montgomery, AL 36116-1704
- Retail space
- 18,702 SF
- 1.89 lot acres
Current Use by Public Records
- Arrow Rents / Party Equipment Rental Service / Wedding Store
Property Details for 5600 Calmar Dr
- Year built
- 1973
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.89 lot acres
- Property size
- 18,702 SF
- Zone code
- B-3
- Property type
- Retail space
- APN
- 10-07-35-1-007-004.000
- APU
- 1007351007004000
Description
This exceptional investment opportunity presents a 18,702 square foot, single-story office/warehouse building situated on a 1.86-acre lot in Montgomery, Alabama. Built in 1973, the property boasts a flexible floor plan ideal for various uses, enhanced by ten roll-up doors and a fenced yard. The B-3 zoning allows for diverse commercial applications. Ample parking is available, and the location is highly advantageous, situated off Eastern Boulevard and approximately 3.3 miles from I-85, ensuring easy access to major transportation routes. The asking price is $379,000, translating to $20.27 per square foot. This property offers a compelling combination of size, location, and versatility, making it an attractive prospect for owner-users or investors seeking a strong return in a thriving business area of Montgomery. The building's features include a spacious and adaptable layout, making it suitable for a range of commercial enterprises. The fenced yard provides added security and potential for outdoor storage or operations. The convenient access to I-85 and Eastern Boulevard ensures excellent connectivity for employees and clients. This Class C building represents a solid investment opportunity in a dynamic commercial market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $235,000
- 6.5%
- $240,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $245,000
- Mixed-Use
- $225,000
- Hospitality
- $185,000
- Educational
- $210,000
- Residential Income
- $220,000
- Energy
- $225,000
- Income-Based Land
- $250,000
- Food Service
- $195,000
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2304
- Latitude
- 32.3287
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
