931 Memorial DrPrattville, AL 36067

  • Office properties
  • 1,748 SF
For Lease

Property Details for 931 Memorial Dr

Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.19 AC
Property size (Sq ft)
1,748 SF
Property type
Office properties
Property subtype
Office buildings
APN
19-05-15-2-013-005.000
APU
1905152013005000

Description

This exceptional 1,748 square foot executive office suite is ideally situated at 931 South Memorial Drive in Prattville, Alabama. The property, built in 1955, is classified as a Class B building and offers a single-tenant occupancy opportunity. The entire 1,748 square feet is currently vacant, presenting a unique chance for immediate occupancy. Located in Autauga County, the property sits on a 0.19-acre lot, providing ample space and potential for future development or expansion. The building's office space is well-suited for a variety of professional uses, offering a functional and efficient layout. Its convenient Prattville location provides easy access to local amenities and major transportation routes. This is a prime opportunity for a business seeking a move-in ready, single-tenant office space in a desirable Alabama location. The property's size and location make it an attractive option for businesses of various sizes. The single-tenant occupancy eliminates the complexities of managing multiple tenants, offering a streamlined and efficient workspace. The 1955 construction date provides a solid foundation, while the Class B classification reflects a well-maintained and functional building. This property presents a compelling investment opportunity for businesses seeking a comfortable and productive workspace in Prattville, Alabama. The 0.19-acre lot offers potential for future expansion or outdoor amenities. The address is 931 S Memorial Dr, Prattville, AL 36067.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $231,109
    6.5%
    $213,331
    7%
    $198,093
  • Comparable approach

    Method
    Valuation
    Relative Method
    $294,545
    Geo Method
    $340,965
  • Alternative Use

    Use
    Valuation
    Residential
    $264,531
    Hospitality
    $242,309
    Educational
    $201,598
    Medical
    $208,531
    Retail
    $313,597
931 Memorial Dr, Prattville, Alabama

Location Insight

City
Prattville
County
Autauga
State
Alabama
Latitude
32.4567
Longitude
-86.4476
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
2024
$1,153
-
-
$37,180
-
$41,400
$144,500
$185,900

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