Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    45 Burbank Dr Montgomery, AL 36117

    Property Lookup

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

    45 Burbank Dr Montgomery, AL 36117

    View on Map
    • Strip malls
    • 20,562 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 45 Burbank Dr

    Property size
    20,562 SF
    Property type
    Strip malls
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents a 1,400 square foot vacant space within a thriving 20,562 square foot strip center located at 45 N Burbank Dr, Montgomery, Alabama 36117. The property sits on a generous 1.96-acre lot and features a single, one-story building zoned B-3, ideal for a variety of retail uses. The high-traffic location in Montgomery County ensures excellent visibility and accessibility for your business. With multiple tenants already established, this space benefits from an existing customer base and a strong sense of community. The available space offers significant potential for growth and success. The property's convenient location and ample parking provide a welcoming environment for customers. This is an excellent chance to establish or expand your retail presence in a vibrant and growing market. The building is well-maintained and ready for immediate occupancy. Serious inquiries are encouraged to explore this promising investment opportunity. Contact us today to schedule a viewing and discuss your business needs. The property is located in Montgomery County, Alabama.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.1999
    Latitude
    32.3835

    Comparable in this City

    • Value Estimation
      $3,345,000
      28,237 SF

      7750 Atlanta Hwy

      SHOPPING CENTER, STRIP CENTER • 28,237 SF
      7750 Atlanta Hwy, Montgomery, AL 36117-4241
      View Details
    • Value Estimation
      $7,320,000
      28,193 SF

      6545 Atlanta Hwy

      SHOPPING CENTER, STRIP CENTER • 28,193 SF
      6545 Atlanta Hwy, Montgomery, AL 36117-4237
      View Details
    • Value Estimation
      $4,400,000
      9,208 SF

      6941 Eastchase Loop

      SHOPPING CENTER, STRIP CENTER • 9,208 SF
      6941 Eastchase Loop, Montgomery, AL 36117-6876
      View Details
    • Value Estimation
      $1,580,000
      8,406 SF

      8735 Eastchase Pkwy

      SHOPPING CENTER, STRIP CENTER • 8,406 SF
      8735 Eastchase Pkwy, Montgomery, AL 36117-7094
      View Details
    • Value Estimation
      $1,125,000
      32,557 SF

      127 Eastern Blvd

      SHOPPING CENTER, STRIP CENTER • 32,557 SF
      127 Eastern Blvd, Montgomery, AL 36117-2007
      View Details
    • Value Estimation by Request
      1.04 Acres

      Montgomery, AL 36117

      SHOPPING CENTER, STRIP CENTER • 1.04 Acres
      Montgomery, AL 36117
      View Details

    Similar Nearby for Sale

    • $680,000
      4,897 SF

      Multi-Tenant Building with Recent Renovations

      Multi-tenant building with new roof, flooring, and updated lighting.
      7010 Fulton Ct, Montgomery, AL 36117
      View Details
    • $3,930,000

      Multi-Tenant Strip Center For Sale

      High-performing strip center with upside potential in Montgomery, Alabama.
      7730-7798 Atlanta Hwy, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Land for Sale Eastdale Circle

      Land opportunity near Eastdale Mall suitable for various uses.
      Eastdale Cir, Montgomery, AL 36117
      View Details
    • Contact for pricing

      24 Acres on Atlanta Highway

      24 acres of B-2 and B-3 zoned property.
      Atlanta Hwy, Montgomery, AL 36117
      View Details
    • Contact for pricing
      221,888 SF

      Montgomery Promenade Retail Investment Opportunity

      Retail property with national tenants and upside potential.
      2540 Eastern Blvd, Montgomery, AL 36117
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,150 SF

      Retail Space Near Walmart

      Retail space with excellent visibility and accessibility on Atlanta Highway.
      6514 Atlanta Hwy, Montgomery, AL 36117
      View Details
    • Contact for pricing
      1,725 SF

      Retail Space Near Walmart

      Retail space with excellent visibility and accessibility on Atlanta Highway.
      6514 Atlanta Hwy, Montgomery, AL 36117
      View Details
    • Contact for pricing
      2,995 SF

      Premier Retail Center Space Available

      Retail space in a high-traffic, affluent Montgomery shopping center.
      7274 Eastchase Pkwy, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Retail Space on Wares Ferry

      Retail space available in a centrally located strip center.
      6001 Wares Ferry Rd, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Eastchase Retail Space Available

      Retail space in Montgomery's Eastchase mixed-use development.
      9176 Eastchase Pkwy, Montgomery, AL 36117
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail property available for lease on Vaughn Road.
      8125 Vaughn Rd, Montgomery, AL 36117
      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.
    45 Burbank Dr
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!