Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Multi-Tenant Strip Center For Sale Title is generated by Realmo AI

    7730-7798 Atlanta Hwy, Montgomery, AL 36117

    View on Map
    Claim this Listing
    For Sale
    $3,930,000

    High-performing strip center with upside potential in Montgomery, Alabama.

    Type:Retail
    Property size:
    27,250 SF
    Lot size:
    7.86 Acres
    Price / SF:
    $144/SF
    Added:
    Apr 1, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 1 at 11:52 am

    Property Features for 7730-7798 Atlanta Hwy

    General Information

    Standard status
    Active
    Size
    27,250 SF
    Lot size
    7.86 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Justin Sturdivant

    Listing agent Justin Sturdivant License #TN #333989

    Listing office

    Listing date Apr 1, 2026

    Source Franklinst

    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 Justin Sturdivant

    HighLights

    • Attractive 7.50% Going‑In Cap Rate supported by $294,725 in in‑place net operating income.
    • High‑Performing Multi‑Tenant Strip Center totaling 27,250 RSF and currently 85.33% occupied.
    • Embedded Growth and Upside Potential through 2,500 SF vacancy and contractual rent increases.
    • Strategic Location Along Atlanta Highway (22,436 VPD) in Montgomery’s primary east retail corridor.
    • NNN Lease Structure with minimal landlord responsibilities and a manageable 24.6% expense ratio.
    • Affluent and Dense Trade Area supported by 89,373 residents within five miles and average household incomes exceeding $93,000.

    Overview

    This multi-tenant strip center, constructed in 2003, is situated on a 7.86-acre parcel and totals 27,250 rentable square feet. The center is currently 85.33% occupied. Located along Atlanta Highway, a primary east retail corridor with a traffic count of 22,436 vehicles per day, the property benefits from strong commuter traffic and established retail synergy. The surrounding trade area is supported by 89,373 residents within a five-mile radius and average household incomes exceeding $93,000. The property has a diversified tenant mix. The center benefits from NNN lease structures and limited landlord expense exposure. There is embedded rental growth within select leases. The property has 2,500 square feet currently vacant. The vacancy is comprised of the center's two end cap units. The in-place net operating income is $294,725. The expense ratio is 24.6%.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $457.8k $16.80
    − Vacancy −$25.6k −$0.94
    EGI $432.2k $15.86
    − OpEx −$129.6k −$4.76
    NOI $302.5k $11.10
    27,250 SF · lease $16.80/SF/yr · vacancy 5.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $4.32M
    $3.78M – $5.04M (±1% cap)
    NOI $302,514 @ 7.0% cap · market cap 7.70%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $5.65M
    $4.94M – $6.59M (±1% cap)
    NOI $395,539 @ 7.0% cap · market cap 10.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.1633535
    Latitude
    32.3806774

    Nearby Similar for Sale

    • $750,000
      24,642 SF

      Versatile Facility on Scenic Acres

      Multi-functional property with auditorium, office spaces, and family-friendly features.
      4870 Woodley Road, Montgomery, AL 36116
      View Details
    • $225,000
      1,296 SF

      Prime Corner-Lot Commercial Property

      Highly visible corner-lot commercial property in the heart of downtown.
      900 Adams Avenue, Montgomery, AL 36104
      View Details
    • $510,000
      4,108 SF

      Renovated Commercial Building, Flexible Layout

      Remodeled commercial building with flexible layout and income potential.
      6322 Woodmere Boulevard, Montgomery, AL 36117
      View Details
    • $595,000

      Multi-Suite Office Building

      Multi-suite office building with lobby, conference rooms, and ample parking near I-85 and other commercial uses.
      4252 Carmichael Road, Montgomery, AL 36106
      View Details
    • $680,000
      4,897 SF

      Multi-Tenant Building in Montgomery, AL

      Multi-tenant building with recent renovations and ample parking.
      7010 Fulton Court, Montgomery, AL 36117
      View Details
    • $1,250,000
      27,616 SF

      Former School Building with Courtyard

      Former school facility with extensive interior corridors, multiple restrooms, and a central basketball courtyard for flexible repurposing.
      3500 McInnis Road, Montgomery, AL 36116
      View Details
    • $499,000
      6,508 SF

      Montgomery Commercial Office Building For Sale

      Well-maintained office building in Montgomery's business district with high visibility.
      4249 Lomac Street, Montgomery, AL 36106
      View Details
    • $449,900
      7,359 SF

      Versatile Mixed-Use Property in Montgomery

      7,300+ sqft mixed-use property with commercial and residential potential.
      414 Perry Hill Road, Montgomery, AL 36109
      View Details
    • $590,000
      7,842 SF

      Multifamily Investment Property Opportunity

      Well-maintained multifamily property with strong income potential in Montgomery, AL.
      5768 Carmichael Parkway, Montgomery, AL 36117
      View Details
    • $198,700

      Commercial Building in Montgomery, AL

      Commercial building with high visibility and easy interstate access.
      33 East South St., Montgomery, AL 36104
      View Details
    • $275,000
      3,600 SF

      Downtown Commercial Property on Adams Avenue

      Versatile 1,296 SF commercial building in Montgomery's Centennial Hill corridor.
      900 Adams Ave, Montgomery, AL 36104
      View Details
    • $599,900

      Well-Maintained Four-Unit Multifamily Property

      Four-unit property with upgrades, ideal for investors or owner-occupants.
      5817 BREWBAKER Boulevard, Montgomery, AL 36116
      View Details

    FAQs

    What type of property is this?
    Strip mall - High-performing strip center with upside potential in Montgomery, Alabama.
    Where is this strip mall located?
    The property is located at 7730-7798 Atlanta Hwy Montgomery, AL.
    What is the asking price?
    The asking price for this property is $3,930,000.
    What are key features of this property?
    This property features: Attractive 7.50% Going‑In Cap Rate supported by $294,725 in in‑place net operating income.; High‑Performing Multi‑Tenant Strip Center totaling 27,250 RSF and currently 85.33% occupied.; Embedded Growth and Upside Potential through 2,500 SF vacancy and contractual rent increases.
    (941) 504-4222
    We can help!
    Listing Contact
    Justin Sturdivant
    Real Estate License ID: TN #333989
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7730-7798 Atlanta Hwy, Montgomery, AL 36117
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!