840 Lagoon Business LoopMontgomery, AL 36109

Property Details for 840 Lagoon Business Loop

Year built

2004

Lot size

1.55 AC

Property size (Sq ft)

10,978 SF

Zone code

M-1

Property type

Retail properties

Property subtype

Other retail properties

APN

04-07-36-3-000-002.021

APU

407363000002021

Description

This exceptional mixed-use commercial property, located at 840 Lagoon Business Loop in Montgomery, Alabama, presents a compelling investment opportunity. The 10,912 square foot building, constructed in 2005, sits on a 1.55-acre lot in the desirable Lagoon Business Park, boasting high visibility from a corner location. The single-story, Class B building features a well-designed layout ideal for a variety of businesses. The interior includes five private offices, a reception area with file/copy room, a large conference room, a break room, and a separate employee entrance with a bathroom and shower. The property is zoned M1, offering flexibility for various uses. The building's strong pro-forma NOI of $112,500 translates to an attractive 9.00% cap rate, based on the asking price of $1,250,000. This turnkey opportunity includes the option to acquire the existing business, offering immediate revenue potential. The property's prime location ensures easy access for clients and employees, making it an excellent choice for growth-oriented businesses seeking a strategic location in Montgomery, Alabama. This multi-tenant building offers significant potential for both owner-users and investors seeking a strong return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,090,563

  6.5%

  $1,929,750

  7%

  $1,791,911

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,396,249

  Geo Method

  $5,396,249

• Alternative Use

  Use

  Valuation

  Residential

  $1,627,817

  Hospitality

  $1,491,071

  Educational

  $1,240,554

  Medical

  $1,283,218

  Retail

  $1,929,750

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.4049

Longitude

-86.2166

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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