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

    903 Rucker Boulevard, Enterprise, AL 36330

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    Former Walgreens in a primary retail hub, with two pole signs and a planned February 2026 vacancy.

    Type:Single Tenant or Freestanding Building
    Property size:
    14,564 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 3:28 am

    Property Features for 903 Rucker Boulevard

    General Information

    Standard status
    Active
    Size
    14,564 SF
    Property subtype
    Single Tenant or Freestanding Building

    Spaces For Lease

    at 903 Rucker Boulevard Contact us

    We can help!

    Listing Contact
    Kathy Dennis, CCIM

    Listing agent Kathy Dennis, CCIM

    Listing office

    Listing date Jun 2, 2026

    Source Theshoppingcentergroup

    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 Kathy Dennis, CCIM

    HighLights

    • Former Walgreens: 14,564 SF freestanding retail building
    • Located on the corner of Rucker Blvd and Boll Weevil Circle in the Enterprise market retail hub
    • Property has 2 pole signs
    • Currently leased with planned vacancy in February 2026

    Overview

    This freestanding retail property is the former Walgreens, offering a 14,564 SF single-building configuration suited for a variety of neighborhood and community retail concepts. The site features two pole signs and is currently leased, with vacancy expected in February 2026.

    The property is positioned at the corner of Rucker Blvd and Boll Weevil Circle within the primary retail hub of the Enterprise market, supporting visibility and straightforward site access from intersecting roadways. Its freestanding nature and exterior signage help it present well for users looking for a dedicated building rather than a shared center environment.

    With an expected vacancy in early 2026, the building may be a practical fit for retailers or service operators seeking a turn-key retail shell with established drive-by presence and prominent on-site signage. Interested parties should inquire for leasing details and more information on the planned availability timeline.
    Location Intelligence

    Current Use by Public Records

    higi Physician Family Dollar Discount Store Cheryl Massey Pharmacy CDReload - Online Bitcoin ... Crypto Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Walgreens Pharmacy — 900 Rucker Blvd, Enterprise, AL 36330
    • Center Drugs of Enterprise — 607 Boll Weevil Cir, Enterprise, AL 36330
    • Walmart Pharmacy — 600 Boll Weevil Cir, Enterprise, AL 36330
    • Bryan Pharmacy — 736 Glover Ave, Enterprise, AL 36330
    • Enterprise Health Foods — 600 Boll Weevil Cir # 4, Enterprise, AL 36330

    Location Insight

    • Map
    • Local Demand
    City
    Enterprise
    County
    Coffee
    State
    Alabama
    Longitude
    -85.829677
    Latitude
    31.32375

    Nearby Similar for Lease

    • Contact for pricing

      Prime Retail Space Available

      Modern retail space with high visibility and ample parking.
      913 Rucker Blvd, Enterprise, AL 36330
      View Details
    • $25 SF/Yr
      1,875 SF

      New Retail Space in Enterprise

      Newly constructed retail space in downtown Enterprise, build-to-suit options.
      206 Easy St, Enterprise, AL
      View Details
    • $5 SF/Yr
      4,328 SF

      Retail, Industrial

      218 S Main St, Enterprise, AL 36330
      View Details
    • $7 SF/Yr
      24,000 SF

      Industrial Facility with Rail Access

      24,000 sq ft industrial building with rail access.
      1570 Parker Ln, Enterprise, AL 36330
      View Details
    • Contact for pricing
      2,550 SF

      Modern Office Space in Enterprise

      First-generation office space in a Class A building.
      102 Jackson St, Enterprise, AL 36330
      View Details
    • Contact for pricing
      2,968 SF

      Enterprise Retail Spaces Available

      Retail spaces available in Enterprise, Alabama, ranging from 1,625-2,968 SqFt.
      1032 Boll Weevil Cir, Enterprise, AL 36330
      View Details

    FAQs

    What type of property is this?
    Drug store - Former Walgreens in a primary retail hub, with two pole signs and a planned February 2026 vacancy.
    Where is this drug store located?
    The property is located at 903 Rucker Boulevard Enterprise, AL.
    What are key features of this property?
    This property features: Former Walgreens: 14,564 SF freestanding retail building; Located on the corner of Rucker Blvd and Boll Weevil Circle in the Enterprise market retail hub; Property has 2 pole signs
    (205) 776-6708
    We can help!
    Listing Contact
    Kathy Dennis, CCIM
    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
    903 Rucker Boulevard, Enterprise, AL 36330
    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!