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Property profile & analytics
OFF-MARKET
Neighborhood centers

5040 Vaughn Rd Montgomery, AL 36116

61,878 SF Built 1984
Property ID
Property summary
AI-generated overview

Vaughn Plaza Shopping Center, located at 5040 Vaughn Rd, Montgomery, AL 36116, presents a prime retail investment opportunity. This single-story, 61,878 square foot strip center boasts a strong tenant base, anchored by Office Depot for over three decades. Currently, 90% leased, the center offers a readily available 6,000 square foot space, ideal for a variety of retail uses. Built in 1984 and extensively renovated in 2019-2020, the property features a new TPO roof, a significantly improved parking lot, fresh paint, and an upgraded pylon sign. The 5.3-acre lot is zoned B3, providing flexibility for potential tenants. The minimum divisible space is 6,000 square feet, with a maximum contiguous space also at 6,000 square feet. The center comprises 16 suites in total. The property features no elevators. Property records indicate the APN as 10 07 25 2 004 002.000. This well-maintained center offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in the Montgomery market. The available space presents a unique chance to join a thriving retail community.

Property profile
Verified
Property type Neighborhood centers
Year built 1984
Total area 61,878 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Labor SMART, Inc. Employment Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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