5600 Calmar DrMontgomery, AL 36116

Property Details for 5600 Calmar Dr

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.89 AC

Property size (Sq ft)

18,702 SF

Zone code

B-3

Property type

Retail space

APN

10-07-35-1-007-004.000

APU

1007351007004000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,904,530

  6.5%

  $2,681,110

  7%

  $2,489,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,793,930

  Geo Method

  $3,793,930

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,375,670

  Mixed-Use / Specialty

  $2,612,040

  Hospitality / Lodging

  $1,838,900

  Office

  $2,534,550

  Institutional / Educational

  $2,694,200

  Residential Income

  $3,152,220

  Multifamily

  $4,110,490

  Automotive / Energy

  $2,309,320

  Parking / Income-Based Land

  $855,708

  Restaurant / Food Service

  $1,231,550

  Healthcare / Senior Housing

  $2,739,620

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3287

Longitude

-86.2304

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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