Freestanding Storefront
New
For Sale
$949,000
1115 Coliseum Boulevard, Montgomery, AL 36110
Renovated shell-condition building with B-2 Commercial zoning and land for drive-through or outdoor seating.
Property Size3,604 SF
Lot Size1.55 Acres
Price / SF$263.32
Days on Market3
Property Features for 1115 Coliseum Boulevard
General Information
Standard status
Active
Size
3,604 SF
Lot size
1.55 Acres
Property subtype
Street Retail
Zoning
B-2 Commercial
Site & Location
Corner Location
Yes
Traffic Count
11,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Building Details
Building Size
3,604 SF
Year Built
1988
Year Renovated
2022
Buildings
1
Listing Agency:
Moore Company Realty, Inc
(334) 262-1958
Listed By:
Gene Cody, CCIM
(334) 262-1958
Source:
Thebrokerlist
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 8:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Moore Company Realty, Inc
Investment Insights
Based on property information with market context.
This freestanding commercial building contains ±3,604 SF on a ±1.55-acre corner parcel. Renovated in 2022, the property is currently in shell condition, allowing a future occupant or owner to customize the interior. The site includes land that can accommodate a drive-through, outdoor seating, and parking improvements.
Positioned at the corner of Coliseum Boulevard and Federal Drive, the property sits at a 4-way signalized intersection with multiple access points. It is adjacent to a Walmart Neighborhood Market and located within an established retail corridor. Traffic counts exceed 11,000 vehicles per day, with access to I-85, downtown Montgomery, and Gunter AFB. B-2 Commercial zoning supports retail, office, service, and QSR uses.
Positioned at the corner of Coliseum Boulevard and Federal Drive, the property sits at a 4-way signalized intersection with multiple access points. It is adjacent to a Walmart Neighborhood Market and located within an established retail corridor. Traffic counts exceed 11,000 vehicles per day, with access to I-85, downtown Montgomery, and Gunter AFB. B-2 Commercial zoning supports retail, office, service, and QSR uses.
Key Highlights
- ±3,604 SF freestanding commercial building
- ±1.55‑acre corner lot at Coliseum Boulevard and Federal Drive
- Renovated in 2022 and offered in shell condition
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,867
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$857,340
$857.3K
Cap Rate 7%
$612,386
$612.4K
Cap Rate 9%
$476,300
$476.3K
Market Conditions
NOI Build-Up for 3,604 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.5K $16.80/SF
− Vacancy
−$3.4K −$0.94/SF
EGI
$57.2K $15.86/SF
− OpEx
−$14.3K −$3.96/SF
NOI
$42.9K $11.89/SF
Area
Montgomery, AL
Vacancy
5.60%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$857,340
Cap Rate 7%
$612,386
Cap Rate 9%
$476,300
Alternative Uses
Best Use
Specialty Retail
$612.4K
$535.8K – $714.5K
NOI $42,867 @ 7.0% cap · market cap 4.52%
Second Best
Retail
$571.6K
$500.1K – $666.8K
NOI $40,010 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$747.3K
$653.9K – $871.9K
NOI $52,313 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 24%
Electronics 7%
Dollar Tree
Shops & Services
9,675 visits/mo
0.1 miles
Roses Discount Store
Shops & Services
7,808 visits/mo
0.2 miles
SONIC Drive In
Dining
5,655 visits/mo
0.3 miles
Marathon Petroleum
Shops & Services
5,147 visits/mo
0.1 miles
Metro by T-Mobile
Electronics
2,334 visits/mo
0.2 miles
Demographics for 36110, AL
11,492
Population
5,072
Households
2.3
Avg Household Size
38
Median Age
10%
College-Educated
77%
High-School Grad
29.5 sq mi
ZIP Area
390
Density / Sq Mi
$41,140
Median Household Income
$31,337
Median Earnings
$1,014
Median Rent
$81,200
Median Home Value
Market
Vacancy Rate% for Retail in Montgomery, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Renovated shell-condition building with B-2 Commercial zoning and land for drive-through or outdoor seating.
Where is this storefront property located?
The property is located at 1115 Coliseum Boulevard Montgomery, AL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: ±3,604 SF freestanding commercial building; ±1.55‑acre corner lot at Coliseum Boulevard and Federal Drive; Renovated in 2022 and offered in shell condition
