Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1402 Central Pkwy, Unit B Decatur, AL 35601

    Sponsored
    For Lease
    $1,200 /Mo ($12 SF/Yr)

    COMMERCIAL - Decatur, AL

    Type:Office
    Property size:
    1,200 SF
    Days on Market:
    51
    Last Refresh:
    Feb 1 at 6:06 pm

    Property Features for 1402 Central Pkwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Size
    1,200 SF

    We can help!

    Listing Contact
    Clint Murphy

    MeritHouse Realty (256) 822-0010

    Listing agent Clint Murphy (256) 616-4778 License #1505410

    Listing date Dec 13, 2025

    MLS# 21902392

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Decatur Office/Retail Space For Rent

    This commercial space in Decatur, Alabama, offers 1,200 square feet suitable for office, retail, or professional use. The suite features excellent road frontage on Central Parkway. The layout includes a welcoming front entrance that leads into a large open area, suitable for a reception or showroom. Additionally, there are two private offices, an ADA-accessible restroom, and a convenient side entry. The property's location provides high visibility and is close to downtown Decatur and major routes. This location is ideal for businesses looking to be closer to Downtown while remaining affordable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Xclusive Cutz Barber Shop Peoples Choice Barbershop Barber Shop Beckman Appraisal Firm Real Estate Appraiser

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.985244
    Latitude
    34.585441

    Nearby Similar for Lease

    • $5,000 /Mo
      3,980 SF

      Decatur Commercial Retail/Office/Warehouse Space

      Multi-purpose building in high-traffic area with retail, office, and warehouse.
      1401 6Th Ave SE, Decatur, AL 35601
      View Details
    • $15,000 /Mo
      21,000 SF

      Decatur Commercial Space Available

      Office and warehouse space for lease in Decatur, Alabama.
      1508 Central Pkwy, Decatur, AL 35601
      View Details
    • $833 /Mo
      1,250 SF

      Decatur Retail Space For Lease

      1,250 SF retail space in a visible Decatur location.
      807 SE 11Th St, Decatur, AL 35601
      View Details
    • $2,070 /Mo
      93,712 SF

      Decatur Retail Space For Lease

      3,105 SF retail space in Decatur, Alabama available for lease.
      1516 SE 6Th Ave, Decatur, AL 35601
      View Details
    • $4,000 /Mo
      3,730 SF

      Decatur Commercial Building For Lease

      Commercial building in high-traffic area, formerly a successful car wash.
      810 Beltline Rd, Decatur, AL 35601
      View Details
    • $2,455 /Mo
      3,683 SF

      Decatur Retail Space For Lease

      3,683 SF retail space in a visible Decatur location.
      1518 SE 6Th Ave, Decatur, AL 35601
      View Details
    • Contact for pricing
      35,933 SF

      Decatur Medical Office Suites

      Professionally managed medical office suites for lease near Decatur Morgan Hospital.
      2349 Danville Rd Southwest, Decatur, AL 35603
      View Details
    • $153 SF/Yr
      124,900 SF

      Decatur Retail Center Investment

      Prime Decatur retail space available
      0 Plum Tree Ctr, Decatur, AL 35601
      View Details
    • Contact for pricing

      Retail Space in Decatur Plaza

      Grocery-anchored retail center with excellent visibility in Decatur, Alabama.
      1682 Beltline Rd SW, Decatur, AL 35601
      View Details
    • $6 SF/Yr

      Decatur Industrial Facility with Fenced Yard

      Industrial facility in Decatur with convenient access and flexible options.
      620 Wilson St NE, Decatur, AL 35601
      View Details
    • $1.00 SF/Yr
      17,800 SF

      Decatur Distribution Center - 17,800 SF

      Prime Decatur industrial space; single-tenant, 4.1 acres.
      1100 State Hwy 20, Decatur, AL 35601
      View Details
    • $18 SF/Yr
      4,500 SF

      Decatur Medical Office Space For Lease

      Class A, 4,500 SF, Ample Parking
      1117 16Th Ave, Decatur, AL 35601
      View Details

    FAQs

    What type of property is this?
    Office space - 1,200 sq ft office/retail space with excellent road frontage.
    Where is this office space located?
    The property is located at 1402 Central Pkwy, Unit B Decatur, AL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Prime 1,200 sq ft office suite with excellent road frontage on Central Parkway.; - High-visibility location close to downtown Decatur and major routes.; - Large open area ideal for reception or showroom.
    (256) 822-0010
    Request Owner's contact information
    1402 Central Pkwy, Unit B Decatur, AL 35601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1402 Central Pkwy, Unit B
    Decatur, AL 35601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1402 Central Pkwy, Unit B Decatur, AL 35601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Clint Murphy
    (256) 822-0010
    Learn more
    Google sign-in failed. Please try again or use another login method.