Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3445 Aronov Ave Montgomery, AL 36108

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Montgomery County industrial land lease; 30,000 sq ft available.

    Lot size:
    44,882 SF

    Property Features for 3445 Aronov Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,882 SF
    Class
    D

    Building Details

    Year Built
    1942

    Spaces For Lease

    at 3445 Aronov Ave, Montgomery, AL 36108 Contact us

    We can help!

    Listing Contact
    Paul Hodges

    Listing Agent: Paul Hodges

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Montgomery County investment opportunity presents a prime 1-acre industrial land parcel with a small shop, ideally suited for truck and trailer parking. The property boasts a total building area of 44,882 square feet, with 30,000 square feet currently vacant and available for lease. The existing structure is classified as Class D and was constructed in 1942. The site's strategic location offers unparalleled access to major transportation arteries. Situated just off Highway 31, it provides convenient access to Interstates 65 and 85, ensuring seamless logistics and efficient distribution. Furthermore, its proximity to Hyundai Motor Manufacturing Alabama (eight miles away) presents a significant advantage for businesses serving this major automotive manufacturer. The property is easily able to accommodate 12-15 trailers. The lease rate is $1,500 per month. This multi-tenant property offers a compelling opportunity for businesses seeking ample space and strategic location in a thriving industrial area of Montgomery County. The property is zoned for commercial and industrial use, making it suitable for a variety of businesses. The available space is ideal for truck and trailer parking, storage, or light industrial operations. This is a rare opportunity to secure a well-located industrial property with excellent access to major transportation routes and a significant manufacturing hub.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Accounting Firm Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.3609016
    Latitude
    32.3494527

    Nearby Similar for Lease

    • $500 /Mo

      Office Suites in Sturbridge Office

      Office suites available for lease in Montgomery, Alabama.
      8191 Seaton Pl, Montgomery, AL 36116
      View Details
    • $2,400 /Mo
      2,439 SF

      Downtown Montgomery Commercial Space Available

      Prime downtown location suitable for retail, office, or restaurant.
      16 S Perry St, Montgomery, AL 36104
      View Details
    • Sponsored
      New
      Contact for pricing

      RSA Dexter

      Flexible workspace in West Loop 200 S. Wacker
      445 Dexter Ave, Montgomery, AL 36104
      View Details
    • $14 SF/Yr
      4,500 SF

      Renovated Office Park Space Available

      Class A office space in established business corridor near interstates.
      600 Interstate Park Dr, Montgomery, AL 36109
      View Details
    • $20 SF/Yr
      61,878 SF

      Vaughn Plaza Retail Space

      61,878 SF shopping center with high occupancy and traffic.
      5040 Vaughn Rd, Montgomery, AL 36116
      View Details
    • Contact for pricing

      Montgomery Class-A Office/Warehouse Space

      Two-story office and warehouse space in Montgomery, Alabama.
      425 Molton St, Montgomery, AL 36104
      View Details
    • Contact for pricing

      Eastchase Parkway Retail Opportunity

      Retail spaces available in Montgomery's Eastchase mixed-use development.
      9176 Eastchase Pkwy, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Retail Space in Eastchase Parkway

      Retail space available in Montgomery's premier retail trade area.
      7330 Eastchase Pkwy, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Retail Space Near Alabama State

      Retail space with high visibility near Alabama State University.
      1740 Carter Hill Rd, Montgomery, AL 36106
      View Details
    • Contact for pricing

      Spacious Industrial Facility with Office

      Large industrial space with corporate office near major transportation.
      2855 Selma Hwy, Montgomery, AL 36108
      View Details
    • $595,000
      8,094 SF

      Montgomery Warehouse and Office Space

      Two-building property with recent upgrades, suitable for various business uses.
      3220 Money Rd, Montgomery, AL 36108
      View Details
    • Contact for pricing
      1,601 SF

      Centrally Located Professional Office Space

      Office space for rent with on-site parking and easy access.
      1425 Parkway Loop, Montgomery, AL 36116
      View Details

    FAQs

    What type of property is this?
    Land - Montgomery County industrial land lease; 30,000 sq ft available.
    Where is this land located?
    The property is located at 3445 Aronov Ave Montgomery, AL.
    What are key features of this property?
    This property features: Highway 31 frontage with easy access to major thoroughfares.; Excellent Interstate 65 & 85 connectivity.; Eight miles from Hyundai Motor Manufacturing Alabama.
    (334) 495-8888 Call to check price and availability
    Request Owner's contact information
    3445 Aronov Ave Montgomery, AL 36108
    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.
    3445 Aronov Ave
    Montgomery, AL 36108
    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
    3445 Aronov Ave Montgomery, AL 36108
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Paul Hodges
    (334) 495-8888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!