East Chase Market Center Shopping
For Sale
Contact for pricing
7861-8073 Eastchase Parkway, Montgomery, AL 36117
Retail center occupying a substantial commercial site, with tenants responsible for their own utilities.
Property Size181,373 SF
Lot Size23.69 Acres
Price / SF$173.68
Days on Market133
Property Features for 7861-8073 Eastchase Parkway
General Information
Standard status
Active
Size
181,373 SF
Lot size
23.69 Acres
Property subtype
Retail
Net Operating Income
$2,352,515
Additional Details
Gross Income
$2,765,021
Building Details
Tenancy
Multi
Listing Agency:
CENTURY 21 Sherlock Homes
(516) 459-5379
Listed By:
Roger Hart · License #NY
Source:
Crexi
Added: Apr 21
Changed: Aug 30
Last Checked: Aug 30 at 11:21PM
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 CENTURY 21 Sherlock Homes
Investment Insights
Based on property information with market context.
East Chase Market Center is a shopping center situated on 23.69 acres in Montgomery, Alabama. The property includes 181,373 square feet of retail space and is identified by the address range 7861-8073 Eastchase Parkway.
The center’s tenants pay their own utility costs. The property is located in Montgomery’s 36117 ZIP code and is offered as a retail investment property.
The center’s tenants pay their own utility costs. The property is located in Montgomery’s 36117 ZIP code and is offered as a retail investment property.
Key Highlights
- 181,373 square feet of retail space
- 23.69‑acre commercial site
- Tenants pay their own utilities
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
$2,013,501
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
6.39%
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%
$40,270,020
$40.3M
Cap Rate 7%
$28,764,300
$28.8M
Cap Rate 9%
$22,372,233
$22.4M
Market Conditions
NOI Build-Up for 181,373 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
$3.05M $16.80/SF
− Vacancy
−$170.6K −$0.94/SF
EGI
$2.88M $15.86/SF
− OpEx
−$862.9K −$4.76/SF
NOI
$2.01M $11.10/SF
Area
Montgomery, AL
Vacancy
5.60%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
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%
$40,270,020
Cap Rate 7%
$28,764,300
Cap Rate 9%
$22,372,233
Alternative Uses
Best Use
Retail
$28.76M
$25.17M – $33.56M
NOI $2,013,501 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$37.61M
$32.91M – $43.88M
NOI $2,632,665 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
481k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Apparel 18%
Superstores 17%
Dining 13%
Costco Wholesale
Superstores
82,210 visits/mo
0.2 miles
Five Below
Shops & Services
58,560 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
40,973 visits/mo
0.3 miles
Best Buy
Electronics
36,395 visits/mo
0.2 miles
Ross Dress for Less
Apparel
36,065 visits/mo
0.5 miles
Demographics for 36117, AL
53,172
Population
24,181
Households
2.2
Avg Household Size
38
Median Age
46%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
998
Density / Sq Mi
$72,237
Median Household Income
$44,980
Median Earnings
$1,209
Median Rent
$225,900
Median Home Value
Market
Vacancy Rate% for Retail in Montgomery, AL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Shoppes at Eastchase — 7274 Eastchase Pkwy, Montgomery, AL 36117
- Sunglass Hut — 7036 Eastchase Pkwy, Montgomery, AL 36117
- Eastchase Plaza — 2430 berryhill rd, montgomery, al 36117
- East Chase Market Center — 7861 Eastchase Pkwy, Montgomery, AL 36117
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center occupying a substantial commercial site, with tenants responsible for their own utilities.
Where is this shopping center located?
The property is located at 7861-8073 Eastchase Parkway Montgomery, AL.
What is the asking price?
The asking price for this property is $31,500,000.
What are key features of this property?
This property features: 181,373 square feet of retail space; 23.69‑acre commercial site; Tenants pay their own utilities
