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4228 Lomac St 4,071 SF 95% Leased Office Building Montgomery, AL 36106 $511,590 CAD ($125.67 CAD/SF) 14.56% Cap Rate



Investment Highlights
- Suite 1 includes upstairs space, full kitchen, 2 shared bathrooms & corner office w/ private bathroom. Suite 2 includes kitchenette & 1 bathroom.
- Large conference room.
- Lockable door w/ deadbolt between suites, allowing single occupant or owner/occupant with rental unit.
Executive Summary
Recently updated office building currently occupied by Accounting Firm & Neurology Doctor, FOR SALE. Painting, roof, and lighting recently updated. Flexible layout which can be used by one owner/operator, two or more tenants, or owner/operator in one suite and lease the opposite suite for extra income. Suite 1 has one corner executive office with private bathroom, large conference room, full kitchen, and many other offices upstairs & down, with two shared hallway bathrooms. Suite 2 has four executive offices, a reception area, IT closet, kitchenette, and one shared bathroom. Separate front & back entrances for each suite with all required fire department labels. Fourteen striped parking spaces on concrete parking lot, with enough room to park at least 6 more vehicles around building. Upstairs built out space currently has cubicles, windows, and one executive office. Three separate HVAC units, one for each downstairs suite, and another for upstairs. The entire building has only had two owners and has been very well maintained by both. The interior pictures only show the smaller Suite 2 unit as the larger Suite 1 with the connected upstairs area has been occupied by the CPA firm since the building was constructed. Some interior pictures of Suite 1 are shown in the attached flyer. Owner is happy to schedule a tour for interested parties, but all tours must be scheduled with advance notice as both tenants are professional firms with security requirements.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Building Size
4,071 SF
Building Class
B
Year Built/Renovated
1989/2017
Price
$511,590 CAD
Price Per SF
$125.67 CAD
Cap Rate
14.56%
NOI
$74,488 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,036 SF
Building FAR
0.25
Lot Size
0.38 AC
Zoning
O-1 - Includes professional offices (lawyers, architects, real estate), medical/dental clinics, financial institutions (subject to distance regulations)
Parking
16 Spaces (3.93 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- NeuroPathways
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Parker Gill Eisen & Stevenson Pc
- Professional, Scientific, and Technical Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| NeuroPathways | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | - | |
| Parker Gill Eisen & Stevenson Pc | Professional, Scientific, and Technical Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 10-06-23-2-006-002.000 | Total Assessment | $96,534 CAD |
| Land Assessment | $13,588 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $82,946 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
10-06-23-2-006-002.000
Land Assessment
$13,588 CAD
Improvements Assessment
$82,946 CAD
Total Assessment
$96,534 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Southern Homes Real Estate LLC
4228 Lomac St
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