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    Retail Space in Midtown Plaza Title is generated by Realmo AI

    969 Ann St, Montgomery, AL 36107

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    High-traffic retail space available in well-leased shopping center.

    Type:Retail
    Property size:
    1,400 SF
    Added:
    Nov 16, 2020
    Days on Market:
    2024
    Last Refresh:
    May 12 at 10:34 pm

    Property Features for 969 Ann St

    General Information

    Standard status
    Active
    Size
    1,400 SF
    Property subtype
    Retail

    Spaces For Lease

    at 969 Ann St Contact us

    Outparcel Space B $28/Mo

    Size
    1,500 SF
    Type
    Retail
    Excellent retail shop space opportunity nOutparcel Frontage on Ann St just off I-85n1,500...
    show more
    Contact us

    Unit N $22/Mo

    Size
    1,400 SF
    Type
    Retail
    Midtown Plaza Shopping Center on Ann St at I-85 in the heart of Montgomery, AL nWalmart...
    show more
    Contact us

    We can help!

    Listing Contact
    David McClinton

    Listing agent David McClinton License #AL 66621

    Listing office McClinton Real Estate Companies

    Listing date Nov 16, 2020

    Source Crexi

    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 McClinton Real Estate Companies

    HighLights

    • Anchored by Walmart Supercenter, a major traffic driver.
    • High‑traffic location with I‑85 exposure (109,000+ cars per day).
    • Only available leasing opportunity in the shopping center.
    • Well‑leased shopping center with first‑class retail space (325,000+ sf).
    • Located on Ann St., a key north/south traffic artery.
    • Diverse tenant mix including Ross, Burlington, Dollar Tree, Cato, and Shoe Carnival.

    Overview

    Midtown Plaza Shopping Center features over 325,000 square feet of retail space. The center is anchored by Walmart Supercenter and is currently well-leased. A 1,400-square-foot space is available for lease in this central location with high traffic. The property is located off I-85, which sees over 109,000 vehicles per day. Ann Street serves as a north/south artery for business, residential, and commuter traffic. Other tenants include Ross Dress for Less, Burlington, Dollar Tree, Cato, and Shoe Carnival.
    Location Intelligence

    Current Use by Public Records

    Sky Vape & CBD ... (Bike/Boat/Book/etc) Store King Vape& CBD ... (Bike/Boat/Book/etc) Store Foot Locker Clothing Store

    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.

    Similar Places Nearby

    • Midtown Plaza — 955 Ann St, Montgomery, AL 36107
    • Country Club Shopping Center — 1782 Carter Hill Rd, Montgomery, AL 36106
    • Zelda Place — Zelda Rd, Montgomery, AL 36106
    • Quick-Tag — Walmart Supercenter, 851 Ann St, Montgomery, AL 36107
    • Coinstar Kiosk | Bitcoin ATM — Winn Dixie, 1740 Carter Hill Rd, Montgomery, AL 36106

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.270879
    Latitude
    32.369382

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    FAQs

    What type of property is this?
    Shopping center - High-traffic retail space available in well-leased shopping center.
    Where is this shopping center located?
    The property is located at 969 Ann St Montgomery, AL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Anchored by Walmart Supercenter, a major traffic driver.; High‑traffic location with I‑85 exposure (109,000+ cars per day).; Only available leasing opportunity in the shopping center.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David McClinton
    Real Estate License ID: AL 66621
    Learn More
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    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.

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