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859 Clayton St Montgomery, AL 36104-3203

Warehouses Google Maps
8,217 SF 0.73 ac lot Built 1965
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$230k
Range $207k – $253k (±10%)
Property ID US03-0776991

Property summary

AI-generated overview

This exceptional 8,121-square-foot flex warehouse, located at 859 Clayton St in Montgomery, Alabama, presents a unique investment opportunity. Situated on a 0.73-acre lot (approximately 31,800 square feet), this single-tenant property boasts a blend of warehouse and office space, perfectly suited for a variety of businesses. The warehouse area features seven 8' x 8' manual overhead steel doors at dock-high positions, offering convenient loading and unloading capabilities. Ceiling heights range from 12 to 14 feet, providing ample vertical space for storage and operations. The attached 1,800-square-foot office space includes a kitchen, a small reception area, two bathrooms, six employee offices, and a spacious executive office with a large skylight, potentially usable as a conference room. A small shipping office is also located within the warehouse. A fenced and gated truck court is conveniently located to the rear of the property. Completely renovated in February 2024, the property showcases new flooring and fresh paint throughout. The lot has been recently cleared and graded. The property is zoned M-1 and was originally built in 1965. This meticulously maintained property offers a combination of modern amenities and functional design, making it an ideal space for a variety of industrial and flex-space users. The property is currently vacant and ready for immediate occupancy.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1965
Construction WOOD
Total area 8,217 SF
Lot 0.73 ac (31,800 SF)
Zoning code M-1
APN 11-06-13-2-005-001.000
UPID US03-0776991

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Roofing Company General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2020
Price N/A

Zoning & alternative use

M-1 · Montgomery, AL
Zoning description

1; Ord. No. 44-68, § 1; Ord. No. 31-73; Ord. No. 69-83, § 1, 9-27-1983; Ord. No. 84-2002, § 1, 12-17-2002; Ord. No. 42-2003, § 1, 6-3-2003; Ord. No. 17-2014, § 1, 3-4-2014) Sec. 4. - Industrial districts. Light Industry…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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