Corner Storefront
For Sale
Contact for pricing
2235 E South Blvd, Montgomery, AL 36116
B-4-zoned corner property with a building suited to retail and vehicle-related uses.
Property Size3,960 SF
Lot Size1.14 Acres
Price / SF$251.26
Days on Market78
Property Features for 2235 E South Blvd
General Information
Standard status
Active
Size
3,960 SF
Total Parking Spaces
150
Lot size
1.14 Acres
Property subtype
Retail
Zoning
B-4
Additional Details
Corner Location
Yes
Building Details
Year Built
1975
Buildings
1
Listing Agency:
Aronov Realty Brokerage
(334) 244-2527
Listed By:
Frank Potts · License #AL 000011162
Source:
Crexi
Added: Jun 15
Changed: Aug 30
Last Checked: Aug 30 at 11:18PM
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 Aronov Realty Brokerage
Investment Insights
Based on property information with market context.
Located at 2235 E South Blvd in Montgomery, Alabama, this storefront property includes a 3,960 SF building constructed in 1975. The site carries B-4 zoning and occupies an approximately 165' x 300' +/- lot, providing a substantial footprint for a retail or vehicle-related operation.
The property is positioned at a traffic-light corner and is within 3/4 mile of 1,032 apartments, with established neighborhoods also nearby. Its existing building and commercial zoning support consideration for retail, convenience, restaurant, car wash, and automotive-oriented uses identified for the property.
The property is positioned at a traffic-light corner and is within 3/4 mile of 1,032 apartments, with established neighborhoods also nearby. Its existing building and commercial zoning support consideration for retail, convenience, restaurant, car wash, and automotive-oriented uses identified for the property.
Key Highlights
- 3,960 SF building constructed in 1975
- B‑4 zoning
- Approximately 165' X 300' +/- SF lot
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
$47,102
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
4.73%
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%
$942,040
$942.0K
Cap Rate 7%
$672,886
$672.9K
Cap Rate 9%
$523,356
$523.4K
Market Conditions
NOI Build-Up for 3,960 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
$66.5K $16.80/SF
− Vacancy
−$3.7K −$0.94/SF
EGI
$62.8K $15.86/SF
− OpEx
−$15.7K −$3.96/SF
NOI
$47.1K $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%
$942,040
Cap Rate 7%
$672,886
Cap Rate 9%
$523,356
Alternative Uses
Best Use
Specialty Retail
$672.9K
$588.8K – $785.0K
NOI $47,102 @ 7.0% cap · market cap 4.73%
Second Best
Industrial
$655.5K
$573.5K – $764.7K
NOI $45,883 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$821.1K
$718.5K – $958.0K
NOI $57,480 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
47k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 90%
Electronics 6%
Shops & Services 3%
Home Improvements & Furnishings 1%
Burger King
Dining
15,040 visits/mo
0.2 miles
Wendy's
Dining
13,478 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
9,840 visits/mo
0.3 miles
Dunkin' Donuts
Dining
4,260 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
2,783 visits/mo
0.4 miles
Demographics for 36116, AL
43,840
Population
20,007
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
91%
High-School Grad
53.4 sq mi
ZIP Area
821
Density / Sq Mi
$53,973
Median Household Income
$33,039
Median Earnings
$1,056
Median Rent
$137,000
Median Home Value
Market
Vacancy Rate% for Retail in Montgomery, AL
Questions? Ask Rey
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Similar Off Market Nearby
- Pringle Petals Fresh Flowers & Funeral Flowers — 2510 E South Blvd Suite C, Montgomery, AL 36116
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Frequently Asked Questions
What type of property is this?
Storefront property - B-4-zoned corner property with a building suited to retail and vehicle-related uses.
Where is this storefront property located?
The property is located at 2235 E South Blvd Montgomery, AL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,960 SF building constructed in 1975; B‑4 zoning; Approximately 165' X 300' +/- SF lot
