141 Mendel PkwyMontgomery, AL 36117

  • Automotive properties
  • 1,657 SF
For Lease
$18.84/SF/YR View listing

Property Details for 141 Mendel Pkwy

Year built
1996
Lot size
0.71 AC
Property size (Sq ft)
1,657 SF
Zone code
B-3
Property type
Automotive properties
APN
09-03-07-3-000-037.022
APU
903073000037022

Description

This exceptional 1,590-square-foot single-tenant office space in Montgomery, Alabama, presents a unique opportunity. Located at 141 Mendel Pkwy, 36117, this property boasts a traditional office layout perfectly complemented by a warehouse area featuring a double-door roll-up. Built in 1996 and extensively renovated in 2023, the building is in excellent condition. The entire 1,590 square feet is currently vacant, ready for immediate occupancy. The property comprises a single, one-story building with ample parking – 40 spaces are available for tenants and their clients. Utilities are handled on a "buy tenant" basis, offering flexibility and control over operational costs. The property's prime location in Montgomery provides easy access to major transportation routes and local amenities. This versatile space is ideal for a variety of businesses seeking a blend of office and warehouse functionality. Don't miss this chance to secure a well-maintained, modern property in a thriving Alabama market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $315,543
    6.5%
    $291,270
    7%
    $270,465
  • Comparable approach

    Method
    Valuation
    Relative Method
    $814,500
    Geo Method
    $814,500
  • Alternative Use

    Use
    Valuation
    Residential
    $245,698
    Hospitality
    $225,058
    Educational
    $187,245
    Medical
    $193,685
    Retail
    $291,270

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.3801
Longitude
-86.2019
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
2023
$2,212
$18,540
$26,900
$45,440
-
$92,700
$134,500
$227,200

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