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

    2762 Eastern Blvd Montgomery, AL 36117-1550

    • Strip malls
    • 26,899 SF
    • 2.71 lot acres
    OFF-MARKET
    Last Sale
    Apr 07, 2021
    $4,650,000
    Value Estimations
    $4,155,000
    Show details
    Cap Rate Potential
    8.2%
    Strip malls
    Location Intelligence
    Property ID
    US03-1514533
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Beauty and Beyond / Beauty Supply Store
    • Beauty & Beyond Beauty Supply / Beauty Supply Store / Beauty Product Supplier

    Property Details for 2762 Eastern Blvd

    Year built
    1990
    Lot size
    2.71 lot acres
    Property size
    26,899 SF
    Zone code
    B-3
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    10-06-23-4-007-001.002
    APU
    1006234007001002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,895,000
      ML approach
      $3,965,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,330,000
      6.5%
      $4,920,000
      7%
      $4,570,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,770,000
      MEDICAL BUILDING
      $3,855,000
      RETAIL STORES
      $2,610,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2258
    Latitude
    32.3453
    CBSA code
    33860
    CBSA name
    MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,790
    $94,320
    $533,060
    $627,380
    -
    $471,600
    $2,665,300
    $3,136,900

    Comparable in this City

    • Value Estimation
      $3,515,000
      28,237 SF

      7750 Atlanta Hwy

      SHOPPING CENTER, STRIP CENTER • 28,237 SF
      7750 Atlanta Hwy, Montgomery, AL 36117-4241
      View Details
    • Value Estimation
      $9,045,000
      28,193 SF

      6545 Atlanta Hwy

      SHOPPING CENTER, STRIP CENTER • 28,193 SF
      6545 Atlanta Hwy, Montgomery, AL 36117-4237
      View Details
    • Value Estimation
      $4,400,000
      9,208 SF

      6941 Eastchase Loop

      SHOPPING CENTER, STRIP CENTER • 9,208 SF
      6941 Eastchase Loop, Montgomery, AL 36117-6876
      View Details
    • Value Estimation
      $1,375,000
      8,406 SF

      8735 Eastchase Pkwy

      SHOPPING CENTER, STRIP CENTER • 8,406 SF
      8735 Eastchase Pkwy, Montgomery, AL 36117-7094
      View Details
    • Value Estimation
      $390,000
      32,557 SF

      127 Eastern Blvd

      SHOPPING CENTER, STRIP CENTER • 32,557 SF
      127 Eastern Blvd, Montgomery, AL 36117-2007
      View Details
    • Value Estimation
      $235,000
      1.04 Acres

      Montgomery, AL 36117

      SHOPPING CENTER, STRIP CENTER • 1.04 Acres
      Montgomery, AL 36117
      View Details

    Similar Nearby for Sale

    • $2,900,000
      24,074 SF

      Looking Good Shopping Center

      Fully Leased Retail Investment
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      View Details
    • $15,400,000
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      Montgomery Promenade: Retail Investment

      High-Yield Shopping Center in Montgomery, AL
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    • $345,000
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      Atlanta Hwy Commercial Land - 4 Acres

      Prime Montgomery location, excellent visibility, immediate possession.
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    • $650,000
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      Prime Montgomery Gas Station

      High-traffic location, excellent investment.
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    • $1,100,000
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      Eastern Blvd Retail Property

      16,800 SF Retail Land, Vacant, High Traffic
      565 Eastern Blvd, Montgomery, AL 36117
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    • $157,000
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    Similar Nearby for Lease

    • Contact for pricing
      3,150 SF

      Retail Space Near Walmart

      Retail space with excellent visibility and accessibility on Atlanta Highway.
      6512-6520 Atlanta Hwy, Montgomery, AL 36117
      View Details
    • Contact for pricing
      3,150 SF

      Retail Space Near Walmart

      Retail space with excellent visibility and accessibility on Atlanta Highway.
      6530-6544 Atlanta Hwy, Montgomery, AL 36117
      View Details
    • Contact for pricing
      25,678 SF

      Montgomery Promenade Retail Center

      Five Retail Spaces Available Now
      2540 Eastern Blvd, Montgomery, AL 36117
      View Details
    • $7,200 /Mo
      5,650 SF

      Wares Ferry Road Retail Center

      Prime Retail Strip Center, High Traffic Area
      6001 Wares Ferry Rd, Montgomery, AL 36117
      View Details
    • Contact for pricing
      337,344 SF

      Oliver Creek Retail Center

      Alabama Retail Space: Walmart Shadow Center
      6631-6633 Atlanta Hwy, Montgomery, AL 36117
      View Details
    • Contact for pricing
      97,000 SF

      Twin Oaks Retail Center: Montgomery, AL

      Prime Retail Space Available in Montgomery
      2715 Eastern Blvd, Montgomery, AL 36117
      View Details
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    2762 Eastern Blvd
    Montgomery, AL 36117-1550
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    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
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