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Property profile & analytics
OFF-MARKET Estimated value $715,000
Strip malls

100 Mendel Pkwy Montgomery, AL 36117-2798

17,516 SF 1.27 ac lot Built 1989
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-0327515
Property summary
AI-generated overview

This exceptional 17,516-square-foot retail strip center, located at 100 Mendel Parkway in Montgomery, Alabama, presents a compelling investment opportunity. The property, built in 1989, features fifteen units within a single-story building, currently boasting an 87% occupancy rate. This translates to only two vacant units within this thriving shopping center. The center is zoned B-3 (Highway Commercial), ensuring flexibility and high potential for future growth. Ample parking is provided with 70 spaces, and the property benefits from significant visibility due to its 365-foot frontage on Mendel Parkway. The strategic location is further underscored by an impressive 2022 Alabama Department of Transportation traffic count of 42,657 vehicles daily. The landscaping includes Holly Bushes and Crape Myrtles. The asking price is $1,800,000, representing a price per square foot of $102.76. The property's parcel number is 09 03 07 3 000 037.002. Detailed financial information is available upon request. This well-maintained property offers a strong return on investment with its high occupancy rate and prime location. The property's success is a testament to its desirability and potential for continued growth within the Montgomery market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1989
Construction WOOD
Total area 17,516 SF
Lot 1.27 ac (55,452 SF)
Zoning code B-3
APN 09-03-07-3-000-037.002
UPID US03-0327515
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
  • Tradesmen International Employment Agency
  • Thompson Legacy Studios Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
by Request
Comparable Approach Comparable
$573k
Blend (final) Blend
$715k
Owner & transaction history
Aum Consultants LLC · 4 yrs held
Aum Consultants LLC
since 2022
Last sale
$975,000
4 recorded transactions
2022
$975,000
2021
Price N/A
2004
Price N/A
1969
Price N/A
Zoning & alternative use
B-3 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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