2567 Bell RdMontgomery, AL 36117

Property Details for 2567 Bell Rd

Year built

2000

Construction

WOOD

Lot size

0.46 AC

Property size (Sq ft)

4,904 SF

Zone code

O-1

Property type

Office buildings

APN

09-09-30-1-000-001.102

APU

909301000001102

Description

This 5,466 square foot office building, located at 2567 Bell Road in Montgomery, Alabama (zip code 36117), presents a compelling value-add investment opportunity. Built in 2000, the property sits on a 0.46-acre lot and is zoned O-1. Currently, the building boasts 66% occupancy with two existing tenants, leaving one unit vacant. The asking price is $499,000, translating to $91.29 per square foot. The building's three units are suitable for both medical and traditional office uses. Its strategic location offers convenient access to major thoroughfares, including Atlanta Highway, Vaughn Road, and US 231 South, ensuring high visibility and accessibility for tenants. This owner-user opportunity allows for potential rental income generation alongside the benefit of occupying a portion of the space. The property's existing infrastructure and tenant base provide a solid foundation for future growth and increased profitability. The building's age and current occupancy rate offer significant potential for value enhancement through renovations or lease adjustments. This is an excellent chance to acquire a well-situated, income-producing property in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $635,307

  6.5%

  $586,437

  7%

  $544,549

• Comparable approach

  Method

  Valuation

  Relative Method

  $956,574

  Geo Method

  $956,574

• Alternative Use

  Use

  Valuation

  Residential

  $727,182

  Hospitality

  $666,095

  Educational

  $554,183

  Medical

  $573,242

  Retail

  $862,063

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3437

Longitude

-86.1943

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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