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    Property profile & analytics

    3500 Eastern Blvd Montgomery, AL 36116

    • Office buildings
    • 63,997 SF
    • 4.50 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0230875
    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

    • HCG diet Montgomery - Weightloss in Montgomery / Weight Loss Service / Naturopathic Practitioner
    • Alabama Insurance Alliance Inc. / Insurance Agency
    • TCU Consulting Services / Business Management Consultant
    • Aronov Realty Brokerage Inc- Montgomery / Real Estate Agency
    • BBRL Inc / General Contractor

    Property Details for 3500 Eastern Blvd

    Year built
    1986
    Lot size
    4.50 lot acres
    Property size
    63,997 SF
    Zone code
    B-3
    Property type
    Office buildings
    APN
    10-07-26-3-001-012.002
    APU
    1007263001012002

    Description

    The Aronov Centre, a Class A office building located at 3500 Eastern Blvd in Montgomery, Alabama, offers exceptional office space for lease. This four-story building, constructed in 1986, boasts a total of 59,989 square feet and provides multiple tenancy options. Spaces range from a minimum of 4,278 square feet to a maximum contiguous space of 17,266 square feet, catering to a variety of business needs. The building features ample parking with 225 spaces available for tenants and visitors. Situated in the North Montgomery submarket, the property enjoys convenient access via Eastern Blvd and Buckboard Road NE. The Aronov Centre is zoned B3 and sits on a 4.58-acre lot with a building floor area ratio (FAR) of 0.31. Utilities are provided by Alabama Power. The property's address is 3500 Eastern Blvd, Montgomery, AL 36116, and its Montgomery County APN is 10-07-26-3-001-012.002. This full-service lease opportunity presents a prime location for businesses seeking high-quality, flexible office space in a well-established area. The building offers both executive and traditional office suites.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,939,000
      Market price range: $2.72M - $6.19M

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2318
    Latitude
    32.3335
    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
    $25,304
    $101,940
    $888,140
    $990,080
    -
    $509,700
    $4,440,700
    $4,950,400

    Comparable in this City

    • Value Estimation by Request
      1,550 SF

      2840 Es Blvd

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      2840 Es Blvd, Montgomery, AL 36116-2514
      View Details
    • Value Estimation
      $1,895,000
      46,895 SF

      4525 Executive Park Dr

      OFFICE BUILDING • 46,895 SF
      4525 Executive Park Dr, Montgomery, AL 36116-1624
      View Details
    • Value Estimation by Request
      7,733 SF

      1201 Es Blvd

      OFFICE BUILDING • 7,733 SF
      1201 Es Blvd, Montgomery, AL 36116-2315
      View Details
    • Value Estimation
      $1,410,000
      10,064 SF

      2430 Fairlane Dr

      OFFICE BUILDING • 10,064 SF
      2430 Fairlane Dr, Montgomery, AL 36116-1642
      View Details
    • Value Estimation by Request
      2,466 SF

      6940 Vaughn Rd

      OFFICE BUILDING • 2,466 SF
      6940 Vaughn Rd, Montgomery, AL 36116-1368
      View Details
    • Value Estimation
      $940,000
      10,331 SF

      8130 Seaton Pl

      OFFICE BUILDING • 10,331 SF
      8130 Seaton Pl, Montgomery, AL 36116-7204
      View Details

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    Similar Nearby for Lease

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      Crescent Center Office Suites

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      Vaughn Road Office Space Available

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      Sturbridge Office Space: Prime Location

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    • Contact for pricing
      59,989 SF

      Aronov Centre Office Space Available

      Montgomery, AL Executive Office Suites
      3500 Eastern Blvd, Montgomery, AL 36116
      View Details
    • $3 SF/Yr
      5,312 SF

      Executive Office & Warehouse Space

      Montgomery County, MD: Prime Office/Warehouse
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      View Details
    • $500 /Mo

      Office Suites in Sturbridge Office

      Office suites available for lease in Montgomery, Alabama.
      8191 Seaton Pl, Montgomery, AL 36116
      View Details
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    Montgomery, AL 36116
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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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