Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    621 Montgomery Hwy Vestavia Hills, AL 35216
    Back to Search
    Property profile & analytics

    621 Montgomery Hwy, Vestavia Hills, AL 35216

    View on Map
    • Retail properties & Spaces
    • 8,692 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 621 Montgomery Hwy

    Property type
    Retail properties & Spaces

    Description

    This exceptional 8,692-square-foot retail property is ideally situated on Montgomery Highway (Highway 31), the primary retail thoroughfare in Vestavia Hills, Alabama. Boasting a prime location with excellent visibility and easy access, this center benefits from high traffic counts, averaging 38,424 vehicles per day. The property offers ample parking, exceeding 3 spaces per 1,000 square feet, and includes convenient cross-parking with neighboring retail establishments. Some employee parking is also available at the rear of the building. The property features strong, long-term tenants, ensuring a stable and reliable income stream. Its strategic location on Montgomery Highway provides excellent signage opportunities, maximizing visibility and attracting a large customer base. The address is 621 Montgomery Hwy, Vestavia Hills, AL 35216, within Jefferson County. This retail center presents a compelling investment opportunity in a thriving Alabama market. The property's size, location, and tenant history make it an attractive option for investors seeking a stable and high-traffic retail investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vestavia Hills
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7893
    Latitude
    33.448

    Comparable in this City

    • Value Estimation by Request
      391,899 SF

      700 Montgomery Hwy

      Retail properties & Spaces
      700 Montgomery Hwy, Vestavia Hills, AL 35216
      View Details
    • Value Estimation by Request
      2,925 SF

      3637 Lorna Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      3637 Lorna Rd, Birmingham, AL 35216
      View Details
    • Value Estimation by Request
      5,936 SF

      1453 Montgomery Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      1453 Montgomery Hwy, Vestavia Hills, AL 35216-3632
      View Details
    • Value Estimation by Request
      880 SF

      1016 Montgomery Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      1016 Montgomery Hwy, Vestavia Hills, AL 35216-2825
      View Details
    • Value Estimation by Request
      6,150 SF

      721 Montgomery Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      721 Montgomery Hwy, Vestavia Hills, AL 35216-1833
      View Details
    • Value Estimation by Request
      6,800 SF

      637 Montgomery Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      637 Montgomery Hwy, Vestavia Hills, AL 35216-1809
      View Details

    Similar Nearby for Sale

    • $3,800,000
      6.81 Acres

      Church and Land in Vestavia

      Versatile property with church, home, and income-producing cell tower.
      1380 Montgomery Hwy, Vestavia Hills, AL 35216
      View Details
    • $2,000,000
      3,187 SF

      Corporate Arby's NNN Lease

      High-yield, 10-year corporate lease.
      1482 Montgomery Hwy, Birmingham, AL 35216
      View Details
    • Contact for pricing
      11,511 SF

      Established Hoover Building and Business

      Established upholstery business and building for sale in Hoover, AL.
      3440 Lorna Ln, Hoover, AL 35216
      View Details
    • Contact for pricing
      2,461 SF

      Retail Property in High-Traffic Area

      Retail property for sale in Hoover, leased through 2027.
      3041 Lorna Rd, Hoover, AL 35216
      View Details
    • $2,480,000
      1.71 Acres

      Prime Hoover Hwy Commercial Property

      High-visibility motel, restaurants, development potential.
      1535 Montgomery Hwy, Hoover, AL 35216
      View Details
    • Contact for pricing
      3,485 SF

      Office Unit For Sale

      Office unit with 3,485 square feet of space.
      3055 Lorna Rd, Birmingham, AL 35216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,383 SF

      Retail Space in Hoover, AL

      Prime retail opportunity in a high-traffic Hoover shopping center.
      1705-1709 Montgomery Hwy, Hoover, AL 35216
      View Details
    • Contact for pricing

      Retail Space on Lorna Road

      Retail space available in Hoover with high traffic count.
      3133 Lorna Rd, Hoover, AL 35216
      View Details
    • Contact for pricing

      Vestavia Hills Retail Space Available

      Retail space for lease in prominent Vestavia Hills center.
      521 Montgomery Hwy, Vestavia Hills, AL 35216
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Vestavia Corridor

      New retail/restaurant development in Vestavia's commercial corridor.
      1459 Montgomery Hwy, Vestavia Hills, AL 35216
      View Details
    • $15 SF/Yr

      Vestavia Hills Retail/Office Space

      Prime retail and office spaces in a thriving commercial corridor.
      2017 Canyon Rd, Vestavia Hills, AL 35216
      View Details
    • $15 SF/Yr

      Lorna Road Retail Spaces

      Retail spaces available for lease on Lorna Road.
      3081 Lorna Rd, Hoover, AL 35216
      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.
    621 Montgomery Hwy
    Vestavia Hills, AL 35216
    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
    621 Montgomery Hwy, Vestavia Hills, AL, 35216
    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!