Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Retail Building in Montgomery Title is generated by Realmo AI

    304 W Fairview Ave, Montgomery, AL 36105

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    7,545 SF retail building, built in 2018, zoned B-2.

    Type:Retail
    Property size:
    7,545 SF
    Added:
    Mar 6, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 5 at 11:55 pm

    Property Features for 304 W Fairview Ave

    General Information

    Standard status
    Active
    Size
    7,545 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2018

    Spaces For Lease

    at 304 W Fairview Ave Contact us

    We can help!

    Listing Contact
    Andrew Collat

    Listing agent Andrew Collat License ##000150694-1

    Listing office

    Listing date Mar 6, 2026

    Source Southpace

    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 Andrew Collat

    HighLights

    • Freestanding building offering 7,545 SF.
    • High traffic location with over 10,400 vehicles per day on E Fairview Ave.
    • Zoned B‑2 (Commercial).
    • Built in 2018.
    • Surrounded by national retailers including Family Dollar, CVS, and O’Reilly Auto Parts.
    • Former Dollar General location.

    Overview

    This 7,545 square foot freestanding retail building is available for lease. Constructed in 2018, the property is zoned B-2 (Commercial). It is situated along E Fairview Ave, which sees over 10,400 vehicles per day. The location is surrounded by national retailers, including Family Dollar, CVS, and O’Reilly Auto Parts. Previously operated as a Dollar General.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Discount Store Western Union Bank

    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
    -86.3022
    Latitude
    32.3516

    Nearby Similar for Lease

    • $2,400/Mo
      2,439 SF

      Downtown Montgomery Commercial Space Available

      Prime downtown location suitable for retail, office, or restaurant.
      16 S Perry Street, Montgomery, AL 36104
      View Details
    • Sponsored
      $129-$4,813/Mo
      11-1,292 SF

      RSA Dexter

      445 Dexter Ave, Unit 4050, Montgomery, AL 36104
      View Details
    • $20 SF/Yr
      61,878 SF

      Vaughn Plaza Retail Opportunity

      61,878 SF shopping center with high traffic and occupancy.
      5040 Vaughn Road, Montgomery, AL 36116
      View Details
    • $26 SF/Yr
      100,000 SF

      Class A Office Space Available

      Four-story office building near EastChase with retail and restaurant access.
      2660 EastChase Lane, Montgomery, AL 36117
      View Details
    • $2,400/Mo
      2,439 SF

      Downtown Montgomery Commercial Space

      Prime downtown location suitable for retail, office, or restaurant.
      16 S Perry Street, Montgomery, AL 36104
      View Details
    • $20 SF/Yr
      61,878 SF

      Vaughn Plaza Retail Space

      61,878 SF shopping center with high occupancy and traffic.
      5040 Vaughn Road, Montgomery, AL 36116
      View Details
    • $23 SF/Yr
      100,000 SF

      Class A Office Building

      Class A office building with on-site management and engineering.
      4121 Carmichael Road, Montgomery, AL 36106
      View Details
    • Contact for pricing
      61,878 SF

      Anchored Shopping Center on Vaughn

      61,878 SF shopping center with strong tenant base.
      5040 Vaughn Road, Montgomery, AL 36116
      View Details
    • Contact for pricing

      Former Grocery Store Sublease Opportunity

      Sublease opportunity in high-traffic area near major retailers.
      1450 Taylor Road, Montgomery, AL 36117
      View Details
    • $30 SF/Yr

      Retail Space on Atlanta Hwy

      Retail space for lease in a high-traffic commercial area.
      6501 Atlanta Hwy, Montgomery, AL 36117
      View Details
    • Contact for pricing
      10,640 SF

      Freestanding Retail Building in Montgomery

      Former Dollar General available for lease in Montgomery, Alabama.
      3900 Lower Wetumpka Rd, Montgomery, AL 36110
      View Details
    • Contact for pricing
      2,985 SF

      Downtown Montgomery Office Sublease

      2,985 SF office space available for sublease in downtown Montgomery.
      79 Commerce Street, Montgomery, AL 36104
      View Details

    FAQs

    What type of property is this?
    Storefront property - 7,545 SF retail building, built in 2018, zoned B-2.
    Where is this storefront property located?
    The property is located at 304 W Fairview Ave Montgomery, AL.
    What are key features of this property?
    This property features: Freestanding building offering 7,545 SF.; High traffic location with over 10,400 vehicles per day on E Fairview Ave.; Zoned B‑2 (Commercial).
    (205) 271-7224
    We can help!
    Listing Contact
    Andrew Collat
    Real Estate License ID: #000150694-1
    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
    304 W Fairview Ave, Montgomery, AL 36105
    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!