4341 Norman Bridge RdMontgomery, AL 36105

Property Details for 4341 Norman Bridge Rd

Year built

1980

Construction

WOOD

Lot size

1.38 AC

Property size (Sq ft)

11,268 SF

Zone code

INST

Property type

Warehouses

Property subtype

Self storage facilities

APN

10-09-31-4-002-048.003

APU

1009314002048003

Description

This exceptional 10,800-square-foot flex space industrial property in Montgomery, Alabama, presents a compelling investment opportunity. Located at 4341 Norman Bridge Road, this single-story, Class C building sits on a 1.377-acre lot and boasts 18-foot clear ceilings, ideal for various industrial uses. The property features one dock-high door and two drive-in doors, ensuring efficient loading and unloading. The building includes 392 square feet of office space and 10,408 square feet of warehouse space, providing ample room for operations and administrative functions. Built in 1980, the property is zoned M-1 Light Industrial, offering flexibility for a range of businesses. Its strategic location offers easy access to major transportation arteries, being less than half a mile from East South Boulevard and 2.5 miles from I-65. The convenient proximity to the intersection of Norman Bridge Road and E Fleming Road further enhances its accessibility and logistical advantages. The asking price is $432,000, translating to $40 per square foot. This property is a rare find, combining functionality, location, and value in the thriving Montgomery market. The APN is 10 09 31 4 002 048.003.

• CAP approach

  CAP return

  Valuation

  6%

  $3,394,180

  6.5%

  $3,133,090

  7%

  $2,909,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,049,800

  Geo Method

  $3,516,700

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,581,850

  Mixed-Use / Specialty

  $1,556,680

  Hospitality / Lodging

  $1,116,660

  Office

  $1,527,090

  Institutional / Educational

  $1,611,340

  Residential Income

  $1,885,270

  Multifamily

  $2,369,360

  Automotive / Energy

  $1,381,150

  Parking / Income-Based Land

  $495,912

  Restaurant / Food Service

  $767,963

  Healthcare / Senior Housing

  $1,616,370

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3203

Longitude

-86.2984

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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