Montgomery, AL
Commercial Real Estate Market Trends & Data

$212 Avg asking sale price
$12,458 Avg asking lease rate
43,006 SF Avg unit lease size
23,336 SF Avg building size for sale
7.25% Average cap rate

Montgomery's Demographic Profile

Montgomery has 80,382 households and a median income of $48,236, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 194,907
# Households 80,382
Median age 37
Median household income $48,236
Avg household size 2.0
Renter-occupied housing units 38,504
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Montgomery, AL

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Montgomery $346 8,802 SF
Pike Road $1,133 5,224 SF
Millbrook $234 21,739 SF
Wetumpka $219 10,603 SF
Prattville $353 16,629 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Selma $29 25,371 SF 19.24%
Brundidge $161 6,800 SF 8.57%

Commercial Properties For Sale in Montgomery

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

The Village at McGehee

Montgomery, AL 36111

  • 6,000 SF Retail Building
  • $475,000
For Sale

4.86 Acres Vaughn Road

Montgomery, AL 36117

  • 4.86 AC Lot
  • 1 Commercial Lot
  • $895,000
For Sale

1001 S Hull St

Montgomery, AL 36104

  • 5,933 SF Office Building
  • $300,000
For Sale

Stay House

Montgomery, AL 36104

  • 7,011 SF Office Building
  • $449,000
For Sale

Covenant Ministries International

Montgomery, AL 36116

  • 22,450 SF Specialty
  • $725,000
For Sale

McInnis School

Montgomery, AL 36116

  • 27,613 SF Specialty
  • 5.00% Cap Rate
  • $1,250,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Montgomery pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Montgomery $212 23,336 SF
Pike Road $998 3,017 SF
Millbrook $234 21,739 SF
Coosada $51 5,886 SF

Regional Demographic Comparison

This comparison places Montgomery alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Montgomery or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Montgomery 194,907 80,382 37 $48,236 2 38,504 -2%
Millbrook 15,068 5,837 38 $47,604 3 1,726 1%
Coosada 1,174 451 40 $40,058 3 100 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Montgomery, AL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Montgomery

View All Commercial Real Estate For Sale in Montgomery
Is Montgomery a good market for a first-time commercial real estate investor?

Montgomery offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Montgomery?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Montgomery. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Montgomery?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Montgomery. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Montgomery compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Montgomery. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Montgomery acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Montgomery, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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