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Property profile & analytics
OFF-MARKET Estimated value $860,000
Strip malls

2720 Poplar St Montgomery, AL 36107-3012

9,163 SF 1.56 ac lot Built 2021
Entity Owned 6-yr Hold Free & Clear
Property ID
US03-0388033
Property summary
AI-generated overview

This 9,163 square foot retail strip center, built in 2021, presents a compelling investment opportunity in Montgomery, Alabama. Located at 2720 Poplar St, near the intersection of Chestnut Street, this property boasts a prime location with excellent visibility and accessibility. The center features two available spaces, ranging from 1,500 to 4,000 square feet, ideal for a variety of retail businesses. A significant portion of the center is currently vacant, offering substantial potential for immediate income generation. The property sits on a 1.56-acre lot and includes a fully fenced parking lot, enhancing security and convenience for tenants and customers. Its strategic location offers easy access to major thoroughfares, including Zelda Road and Interstate 85 (within 0.2 miles), ensuring high traffic flow. The center benefits from proximity to established national retailers such as Wal-Mart, Ross, Burlington, Chick-fil-A, Burger King, and Dunkin' Donuts, creating a synergistic retail environment. The property is zoned B2 within Montgomery County, providing flexibility for various commercial uses. This is an exceptional opportunity to acquire a well-located, newer retail center with significant upside potential. The existing infrastructure and high-traffic location make this an attractive investment for both seasoned and emerging investors.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2021
Total area 9,163 SF
Lot 1.56 ac (67,954 SF)
Zoning code B-2
APN 10-05-16-2-009-018.004
UPID US03-0388033
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$860k
Owner & transaction history
Ask INC · 6 yrs held
Ask INC
since 2019
3 recorded transactions
2021
Price N/A
2019
Price N/A
2019
$140,000
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 $1.3M +76.6%
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