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    5040 Vaughn Rd Montgomery, AL 36116

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    5040 Vaughn Rd Montgomery, AL 36116

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    • Neighborhood centers
    • 61,878 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Labor SMART, Inc. / Employment Agency

    Property Details for 5040 Vaughn Rd

    Year built
    1984
    Property size
    61,878 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2212
    Latitude
    32.3426

    Comparable in this City

    • Value Estimation by Request
      221,630 SF

      4049-4075 Eastern Blvd

      Neighborhood centers • 221,630 SF
      4049-4075 Eastern Blvd, Montgomery, AL 36116
      View Details
    • Value Estimation by Request
      0.03 Acres

      Montgomery, AL 36116

      SHOPPING CENTER, STRIP CENTER • 0.03 Acres
      Montgomery, AL 36116
      View Details
    • Value Estimation
      $5,255,000
      60,791 SF

      8101 Vaughn Rd

      SHOPPING CENTER, STRIP CENTER • 60,791 SF
      8101 Vaughn Rd, Montgomery, AL 36116-6708
      View Details
    • Value Estimation by Request
      7,415 SF

      3026 Buckboard Rd

      SHOPPING CENTER, STRIP CENTER • 7,415 SF
      3026 Buckboard Rd, Montgomery, AL 36116-1402
      View Details
    • Value Estimation by Request
      7,561 SF

      5085 Virginia Loop Rd

      SHOPPING CENTER, STRIP CENTER • 7,561 SF
      5085 Virginia Loop Rd, Montgomery, AL 36116-4707
      View Details
    • Value Estimation by Request
      10,180 SF

      2649 Es Blvd

      SHOPPING CENTER, STRIP CENTER • 10,180 SF
      2649 Es Blvd, Montgomery, AL 36116-2531
      View Details

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      Retail Space in Shadow Center

      Retail space available in Walmart-anchored shadow center.
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      Vaughn Plaza Retail Opportunity

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

      Anchored Shopping Center on Vaughn

      61,878 SF shopping center with strong tenant base.
      5040 Vaughn Rd, Montgomery, AL 36116
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      Retail Space on Eastern Blvd

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    Montgomery, AL 36116
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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.

    More about this property
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