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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1540 Eastern Blvd Montgomery, AL 36117

42,432 SF 7.36 ac lot Built 2004
Property ID
Property summary
AI-generated overview

Woodmere Crossing offers 42,432 square feet of retail space in a single, one-story building constructed in 2004. This Class B shopping center features six suites, with two spaces currently available, ranging from 2,400 to 15,300 contiguous square feet. A total of 17,700 square feet is currently vacant, presenting a significant opportunity for expansion or build-to-suit options. The property sits on a 7.36-acre lot with 376 surface parking spaces, ensuring ample customer parking. Strategically located on Eastern Boulevard, just one mile from Interstate 85, Woodmere Crossing benefits from exceptional visibility and high traffic counts, with over 44,634 cars passing daily. The center enjoys strong anchor tenants including Jason's Deli and Octapharma, with Crunch Fitness and Aldi located nearby. A McDonald's occupies an outparcel, and Golden Corral and Lowe's Home Improvement are in close proximity. The property offers 250 feet of road frontage on Eastern Boulevard, and there's potential for an additional 19,000 square foot anchor space or expansion on a retail pad site between Aldi and the former Petco location. This presents a compelling opportunity for ground lease or build-to-suit development. The property's cross street is Woodmere Boulevard.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2004
Total area 42,432 SF
Lot 7.36 ac (320,602 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
  • fi.d.o (Bike/Boat/Book/etc) Store Pet Store & Service
  • Sea And Stream Escapes Aquarium
  • Petco Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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