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    662 Sprott Dr Montgomery, AL 36117
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    Property profile & analytics

    662 Sprott Dr Montgomery, AL 36117

    View on Map
    • Commercial real estate
    • 6.00 lot acres
    Off-Market
    Property ID
    US03-1941566
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 662 Sprott Dr

    Lot size
    6.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 6-acre commercial land parcel, located at 662 & 668 Sprott Drive in Montgomery, Alabama (zip code 36117), presents a unique investment opportunity. The property is zoned B-2, making it suitable for a wide range of service and construction businesses. Its expansive size offers ample space for development and expansion. The asking price is $120,000. The property boasts excellent visibility, ensuring high traffic and potential customer exposure. Possession is immediate, allowing for a swift start to any project. This exclusive listing offers a rare chance to acquire a significant commercial land holding in a desirable East Montgomery location. The property's strategic location and flexible zoning make it an attractive prospect for entrepreneurs and investors seeking to establish or expand their operations. Don't miss this opportunity to secure this valuable asset in a thriving market. Contact the listing agent for further details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.088754
    Latitude
    32.391528

    Comparable in this City

    • $250,000
      1.10 Acres

      Montgomery Land Near Interstate 85

      1.1 acre lot near I-85, ideal for development.
      8137 Decker Ln, Montgomery, AL 36117
      View Details
    • $260,000
      3.70 Acres

      Residential Land in Greystone

      3.7 acre lot ideal for building a home.
      25 Woodside Cir, Montgomery, AL 36117
      View Details
    • $599,000
      28.00 Acres

      Montgomery Commercial Land For Sale

      28 acres zoned M3, ideal for retail or industrial developments.
      13055 Wares Ferry Rd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Pike Road Land Opportunity

      Highly visible land in rapidly growing Pike Road, Alabama.
      13926 Wares Ferry Rd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Prime Commercial Land in Montgomery

      1.1 +/- acre lot in East Montgomery's Park Place Center.
      Minnie Brown Rd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      East Montgomery Lot For Sale

      Located in Oakhill Office Park, convenient to I-85.
      Berry Chase Pl, Montgomery, AL 36117
      View Details

    Similar Nearby for Sale

    • $250,000
      1.10 Acres

      Montgomery Land Near Interstate 85

      1.1 acre lot near I-85, ideal for development.
      8137 Decker Ln, Montgomery, AL 36117
      View Details
    • $260,000
      3.70 Acres

      Residential Land in Greystone

      3.7 acre lot ideal for building a home.
      25 Woodside Cir, Montgomery, AL 36117
      View Details
    • $599,000
      28.00 Acres

      Montgomery Commercial Land For Sale

      28 acres zoned M3, ideal for retail or industrial developments.
      13055 Wares Ferry Rd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Pike Road Land Opportunity

      Highly visible land in rapidly growing Pike Road, Alabama.
      13926 Wares Ferry Rd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Prime Commercial Land in Montgomery

      1.1 +/- acre lot in East Montgomery's Park Place Center.
      Minnie Brown Rd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      East Montgomery Lot For Sale

      Located in Oakhill Office Park, convenient to I-85.
      Berry Chase Pl, Montgomery, AL 36117
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Pad Site For Lease

      Commercial pad site available for ground lease in Montgomery, AL.
      2430 Berryhill Rd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Montgomery, Alabama.
      152 Market Pl, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Retail Space on Eastern Blvd

      Retail space available for rent on Eastern Blvd.
      2540 Eastern Blvd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Visible Office Space on Carmichael

      Office space for rent with high visibility and ample parking.
      5815 Carmichael Rd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Office Space Available for Rent

      3,000 SqFt office space available for rent.
      898 Plantation Way, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Premier Retail Center in Montgomery

      Premier retail center in south central Alabama's EastChase Shopping District.
      7274 Eastchase Pkwy, Montgomery, AL 36117
      View Details
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    662 Sprott Dr
    Montgomery, AL 36117
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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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