Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Us Hwy 31 & Wasden Rd Montgomery, AL 36108

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Us Hwy 31 & Wasden Rd Montgomery, AL 36108

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Us Hwy 31 & Wasden Rd

    Property type
    Land

    Description

    This exceptional 35,591 square foot commercial lot is strategically located at the intersection of US Hwy 31 and Wasden Road in Montgomery, Alabama (zip code 36108), within Hope Hull County. Priced at $276,528 ($7.77 per square foot), this B-2 zoned property presents a remarkable investment opportunity. Its prime location offers excellent visibility and accessibility, making it highly suitable for a variety of commercial uses. The lot is ideally suited for fast food restaurants, convenience stores, or banks, given its high traffic count and proximity to major thoroughfares. Utilities are readily available to the property. The site boasts convenient access to Interstate 65 (Exit 164), providing easy connectivity to a wider customer base and facilitating efficient transportation of goods and services. Furthermore, its proximity to the Hyundai Heavy Plant adds to its strategic appeal. This is an exclusive listing and represents a rare chance to acquire a well-positioned commercial lot in a thriving area. Don't miss this opportunity to secure a valuable asset in a high-growth market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Hope Hull
    State
    Alabama
    Longitude
    -86.3726
    Latitude
    32.3463

    Comparable in this City

    • Value Estimation by Request
      5.50 Acres

      2829 Southwest St

      Land • 5.50 Acres
      2829 Southwest St, Montgomery, AL 36108
      View Details
    • Value Estimation by Request
      3.50 Acres

      3443 Selma Hwy

      Land • 3.50 Acres
      3443 Selma Hwy, Montgomery, AL 36108
      View Details
    • Value Estimation by Request
      9.50 Acres

      Mobile Hwy

      Land • 9.50 Acres
      0 Mobile Hwy, Montgomery, AL 36108
      View Details
    • Value Estimation by Request
      9.50 Acres

      Mobile Hwy At Grn Leaf Dr

      Land • 9.50 Acres
      0 Mobile Hwy At Grn Leaf Dr, Montgomery, AL 36108
      View Details
    • Value Estimation by Request
      30.05 Acres

      80 Selma Hwy

      Land • 30.05 Acres
      80 Selma Hwy, Montgomery, AL 36108
      View Details
    • Value Estimation by Request
      13.40 Acres

      Selma Hwy & Richardson Rd

      Land • 13.40 Acres
      0 Selma Hwy & Richardson Rd, Montgomery, AL 36108
      View Details

    Similar Nearby for Sale

    • $43,875

      Land on West Boulevard

      Land with septic tank and power pole on West Blvd.
      West Blvd, Montgomery, AL 36108
      View Details
    • Contact for pricing

      Half-Acre Land Parcel

      0.5-acre land parcel available for sale.
      Highway 80, Montgomery, AL 36108
      View Details
    • Contact for pricing

      Land For Sale Montgomery

      Land available for sale in Montgomery, Alabama.
      1430 Mobile Rd, Montgomery, AL 36108
      View Details
    • $55,000

      Montgomery Commercial Property - Huge Potential

      Historic building, prime location, investment opportunity.
      1720 Terminal Rd, Montgomery, AL 36108
      View Details
    • $129,000

      Mobile Highway Commercial Property

      High-Yield Montgomery Investment Opportunity
      3725 Mobile Hwy, Montgomery, AL 36108
      View Details
    • Contact for pricing

      Montgomery Development Site on Selma Highway

      13.4 acre development site with highway frontage and utilities.
      Selma Hwy & Richardson Rd, Montgomery, AL 36108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      44,882 SF

      Aronov Ave. Truck & Trailer Parking

      Montgomery County industrial land lease; 30,000 sq ft available.
      3445 Aronov Ave, Montgomery, AL 36108
      View Details
    • Contact for pricing
      410,000 SF

      Mobile Highway Industrial Warehouse

      New 410,000 SF Manufacturing Facility, 108,000 SF Available
      0 Mobile Hwy, Montgomery, AL 36108
      View Details
    • $11 SF/Yr
      2,630 SF

      Selma Road Retail Opportunity

      Prime Retail Space, High Traffic Area
      6200 Old Selma Rd, Montgomery, AL 36108
      View Details
    • Contact for pricing

      Montgomery Industrial Warehouse For Lease

      20,000 SF industrial warehouse near major transportation routes.
      4541 Baldwin Ave, Montgomery, AL 36108
      View Details
    • Contact for pricing
      174,892 SF

      Montgomery Industrial Space For Lease

      174,892 RSF industrial space with heavy infrastructure in Montgomery.
      3221 Thomason Ave, Montgomery, AL 36108
      View Details
    Request Owner's contact information
    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.
    Us Hwy 31 & Wasden Rd
    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
    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

    Thank You for Inquiry
    Us Hwy 31 & Wasden Rd, Montgomery, AL, 36108
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!