Sign Up Successful!
You now have access to more from Realmo!
    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

    7274 Eastchase Pkwy Montgomery, AL 36117

    Sponsored
    For Lease
    Contact for pricing

    Montgomery, AL: Prime Retail Space Available

    Lot size:
    388,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    420
    The Shoppes at EastChase, a premier 388,700 square foot power/lifestyle center in Montgomery, Alabama, offers exceptional retail opportunities. Strategically located at the intersection of Taylor Road (61,827 vehicles per day) and I-85 (104,787 vehicles per day), this property boasts high visibility and accessibility. Six spaces are currently available, ranging from 1,931 to 8,573 square feet, ideal for a variety of retail uses. The center benefits from its proximity to key economic drivers, including Auburn University at Montgomery (4,675 students), Baptist Medical Center East (176 beds), and Faulkner University (approximately 3,300 students). This location draws a significant customer base from Montgomery and surrounding communities in south-central Alabama, situated just 16 minutes from downtown Montgomery. The surrounding area features affluent demographics, with average household incomes exceeding $113,000 within a one-mile radius. This makes The Shoppes at EastChase an unparalleled retail investment opportunity in a thriving market. The property is located in Montgomery County, Alabama, with the full address being 7274 Eastchase Pkwy, Montgomery, AL 36117. This is a multiple-tenancy property offering a diverse range of retail options.

    Property Features for 7274 Eastchase Pkwy

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    388,700 SF

    Spaces For Lease

    at 7274 Eastchase Pkwy, Montgomery, AL 36117 Contact us

    We can help!

    Listing Contact
    Martin Smith
    Martin Smith

    Learn more

    HighLights

    • 388,700 square foot power/lifestyle center in Montgomery, Alabama with six available spaces ranging from 1,931 to 8,573 square feet.
    • High‑traffic location at Taylor Road (61,827 VPD) and I‑85 (104,787 VPD) offering excellent visibility and accessibility.
    • Strong demographics with average household incomes exceeding $113,000 within a one‑mile radius.
    • Proximity to key drivers including Auburn University at Montgomery, Baptist Medical Center East, and Faulkner University.
    • Located at 7274 Eastchase Pkwy, Montgomery, AL 36117.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Shoppes at Eastchase Shopping Center & Mall Public Restroom Public Bathroom HappyxNature Clothing & Fashion Store

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.165365728474
    Latitude
    32.357947733781

    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
    • 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
    • $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

      Spacious Industrial Facility with Office

      Large industrial space with corporate office near major transportation.
      2855 Selma Hwy, 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
    • Contact for pricing
      5,189 SF

      Premier Retail Center Space Available

      Retail space in a high-traffic, affluent Montgomery shopping center.
      7337-7345 Eastchase Pkwy, Montgomery, AL 36117
      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
      5,000 SF

      Downtown Montgomery Retail Space

      5,000 SF Retail Space - Build to Suit
      100 Dexter Ave, Montgomery, AL 36104
      View Details
    • $30,000
      30,723 SF

      Prime Montgomery Office/Warehouse Space

      Class A Office & Warehouse, 5,535 SF Available
      5946 Monticello Dr, Montgomery, AL 36117
      View Details
    • Contact for pricing
      122,101 SF

      Class-A Office Building, Montgomery AL

      Prime Montgomery Office & Warehouse Space
      425 Molton St, Montgomery, AL 36104
      View Details
    • $8 SF/Yr
      2,429 SF

      Sturbridge Office Space: Prime Location

      Executive/Medical Suites Available Now
      8134 Seaton Pl, Montgomery, AL 36116
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Montgomery, AL: Prime Retail Space Available
    Where is this lifestyle center located?
    The property is located at 7274 Eastchase Pkwy Montgomery, AL.
    What are key features of this property?
    This property features: 388,700 square foot power/lifestyle center in Montgomery, Alabama with six available spaces ranging from 1,931 to 8,573 square feet.; High-traffic location at Taylor Road (61,827 VPD) and I-85 (104,787 VPD) offering excellent visibility and accessibility.; Strong demographics with average household incomes exceeding $113,000 within a one-mile radius.
    (205) 259-2195
    Request Owner's contact information
    7274 Eastchase Pkwy Montgomery, AL 36117
    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.
    7274 Eastchase Pkwy
    Montgomery, AL 36117
    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
    7274 Eastchase Pkwy Montgomery, AL 36117
    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!
    Listing Contact
    Martin Smith
    Martin Smith
    Real Estate License ID: 21705
    (205) 259-2195
    Learn more
    Google sign-in failed. Please try again or use another login method.