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Property profile & analytics
FOR LEASE
Strip malls

1113 Perry Hill Rd Montgomery, AL 36109

12,852 SF 1.54 ac lot Built 1998
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-0315702
Property summary
AI-generated overview

This exceptional retail property, located at 1113 Perry Hill Rd in Montgomery, Alabama, presents a compelling investment opportunity. The 23,482 square foot strip center, built in 1998, sits on a 1.54-acre lot and is zoned B-2 Business District within Montgomery County. Currently, there is 3,041 square feet of vacant space available, divisible into units ranging from a minimum of 1,516 square feet to a maximum contiguous space of 1,525 square feet. The property's multiple tenancy structure offers flexibility for a variety of retail businesses. Its strategic location in Montgomery, Alabama, with a 36109 zip code, provides excellent visibility and accessibility. The property's age and size suggest a solid foundation for future growth and profitability. This is an ideal opportunity for investors seeking a well-located retail property with immediate income potential and the possibility of further development. The existing infrastructure and zoning regulations offer a clear path for potential tenants and investors. The property's size and layout provide ample space for a variety of retail uses, making it a versatile and attractive investment. Serious inquiries are encouraged to explore this promising opportunity further.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Total area 12,852 SF
Lot 1.54 ac (67,082 SF)
Zoning code B-2
APN 10-05-15-4-002-003.002
UPID US03-0315702
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
  • Alfa Insurance Insurance Agency
  • Perry Hill Package Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • CoinFlip Bitcoin ATM Bank Credit Union
  • Aspire Staffing Inc Employment Agency
  • 1 Stop Cash for Gold Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$1.48M
Owner & transaction history
Ahnaf INC · 5 yrs held
Ahnaf INC
since 2021
Last sale
$1.6M
3 recorded transactions
2021
$1.6M
2020
Price N/A
1969
Price N/A
Zoning & alternative use
B-2 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

lands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial B-3 Item Districts B-2 B-3 Classes of business or services permitted A, B & C A, B & C Classes of business or servic…

Zone name Business District Individual Stores
General category COMMERCIAL
Zone area 3,361.47 ac
Source code of ordinances
Top alternative use upside
Medical building $1.8M +76.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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