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Property profile & analytics
OFF-MARKET
Retail space

5600 Calmar Dr Montgomery, AL 36116-1704

18,702 SF 1.89 ac lot Built 1973
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-0485950
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,702 SF
Lot 1.89 ac (82,154 SF)
Zoning code B-3
APN 10-07-35-1-007-004.000
UPID US03-0485950
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
  • Arrow Rents Party Supply Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
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by Request
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Owner & transaction history
Robertson Development LLC · 1 yrs held
Robertson Development LLC
since 2024
Last sale
$275,000
1 recorded transaction
2024
$275,000
Zoning & alternative use
B-3 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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