Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3619 Eastern Blvd Montgomery, AL 36116

    Property Lookup

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

    3619 Eastern Blvd Montgomery, AL 36116

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

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 3619 Eastern Blvd

    Property type
    Retail properties & Spaces
    Property subtype
    Freestanding property

    Description

    This exceptional 7,958 square foot freestanding retail building, formerly occupied by a Family Dollar, presents a unique investment opportunity in Montgomery County. The property boasts excellent visibility and ample parking, making it an ideal location for a variety of retail businesses. The building is strategically situated near the heavily trafficked I-65 (71,198 vehicles per day), ensuring high exposure to potential customers. Strong surrounding retail anchors include Dollar General, Dollar Tree, CVS, and Subway, creating a vibrant and established commercial environment. The property offers prominent signage opportunities, further enhancing its marketing potential. This single-tenant building is available for sublease and presents a turnkey solution for businesses seeking immediate occupancy in a prime retail location. The property's size and location make it suitable for a wide range of retail concepts, capitalizing on the high traffic counts and established commercial presence in the immediate vicinity. The ample parking ensures convenient access for customers and employees alike. This is a rare opportunity to secure a well-positioned retail space in a thriving commercial area.

    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
    -86.2311
    Latitude
    32.3302

    Comparable in this City

    • Value Estimation by Request
      51,130 SF

      4025 Eastern Blvd

      Individual retail properties • 51,130 SF
      4025 Eastern Blvd, Montgomery, AL 36116
      View Details
    • Value Estimation by Request
      57,700 SF

      2020 South Blvd

      Individual retail properties • 57,700 SF
      2020 South Blvd, Montgomery, AL 36116
      View Details
    • Value Estimation by Request
      3,000 SF

      2843 South Blvd

      Individual retail properties • 3,000 SF
      2843 South Blvd, Montgomery, AL 36116
      View Details
    • Value Estimation by Request
      10,000 SF

      3889-3897 Eastern Blvd

      Retail properties & Spaces • 10,000 SF
      3889-3897 Eastern Blvd, Montgomery, AL 36116
      View Details
    • Value Estimation by Request
      288 SF

      3037 Buckboard Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 288 SF
      3037 Buckboard Rd, Montgomery, AL 36116
      View Details
    • Value Estimation by Request
      1,984 SF

      5925 Troy Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,984 SF
      5925 Troy Hwy, Montgomery, AL 36116-6552
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,800 SF

      Former Restaurant on Eastern Boulevard

      Fully leased restaurant property on Eastern Boulevard outparcel.
      3795 Eastern Blvd, Montgomery, AL 36116
      View Details
    • Contact for pricing
      11,064 SF

      Retail Property on High-Traffic Corner

      Highly visible retail property with two access points and traffic.
      2300 E South Blvd, Montgomery, AL 36116
      View Details
    • Contact for pricing
      51,130 SF

      Former Grocery Store Anchor Space

      Anchor space in high-traffic retail corridor, ample parking.
      4025 Eastern Blvd, Montgomery, AL 36116
      View Details
    • Contact for pricing
      3,072 SF

      Turnkey Salon with Business Potential

      Fully furnished salon with potential for daycare or boutique.
      4480 Virginia Loop Rd, Montgomery, AL 36116
      View Details
    • Contact for pricing
      10,836 SF

      Free Standing Building For Sale

      Free standing building with abundant parking available for purchase.
      2940 E South Blvd, Montgomery, AL 36116
      View Details
    • Contact for pricing
      79,842 SF

      Class A Office Building

      East Montgomery Class A office building near Eastern Boulevard.
      2400 Presidents Dr, Montgomery, AL 36116
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Governor Square

      Shopping center space for rent at a high-traffic intersection.
      2681 E South Blvd, Montgomery, AL 36116
      View Details
    • Contact for pricing

      East Montgomery Retail Space Available

      Retail location with high visibility and ample parking.
      7825 Vaughn Rd, Montgomery, AL 36116
      View Details
    • Contact for pricing

      East Montgomery Retail Space Available

      Well-maintained retail space in a high-growth East Montgomery area.
      3441 Malcolm Dr, Montgomery, AL 36116
      View Details
    • $20 SF/Yr
      61,878 SF

      Vaughn Plaza Retail Space

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

      Anchored Retail Space For Lease

      Retail space available in Walmart-anchored shadow center.
      3507-3789 Eastern Blvd, Montgomery, AL 36116
      View Details
    • Contact for pricing

      Retail Space on Eastern Blvd

      Shopping center with high traffic and excellent visibility.
      3889-3897 Eastern Blvd, Montgomery, AL 36116
      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.
    3619 Eastern Blvd
    Montgomery, AL 36116
    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
    3619 Eastern Blvd, Montgomery, AL, 36116
    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!