Auto Shop with Concrete
For Sale
$2,000,000
302 6th Avenue NE, Decatur, AL 35601
Business Opportunity, Decatur, AL
Property Size13,000 SF
Lot Size0.59 Acres
Price / SF$153.85
Days on Market80
Property Features for 302 6th Avenue NE
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Accessibility
Accessible Doors
Subdivision
Metes And Bounds
Directions
Intersection Of 6th Avenue And Lee Street.
Standard status
Active
APN
03 04 17 3 013 012.001
Size
13,000 SF
Lot size
0.59 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Re/Max Unlimited · RE/MAX International
(256) 327-7600
Listed By:
Robin Williams · License #121044
(256) 990-0113
Added: Jun 16
Changed: Sep 3
Last Checked: Sep 3 at 1:06AM
MLS# 21920275
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Investment Insights
Based on property information with market context.
This commercial auto-shop property includes 13,000 square feet of building area on a 0.5854-acre site. The improvements date to 1986 and feature concrete flooring, accessible doors, and three bathrooms. The property previously operated as a transmission repair business for decades, providing a documented automotive-service use history.
Located at 302 6th Avenue NE in Decatur, Alabama, the site is served by public water and public sewer. Its existing building improvements and automotive-oriented history offer a defined physical base for continued vehicle-service use or another commercial operation supported by the property’s configuration.
Located at 302 6th Avenue NE in Decatur, Alabama, the site is served by public water and public sewer. Its existing building improvements and automotive-oriented history offer a defined physical base for continued vehicle-service use or another commercial operation supported by the property’s configuration.
Key Highlights
- 13,000 square feet of building area
- 0.5854‑acre commercial site
- Former transmission repair location with decades of operating history
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$107,507
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,150,140
$2.2M
Cap Rate 7%
$1,535,814
$1.5M
Cap Rate 9%
$1,194,522
$1.2M
Market Conditions
NOI Build-Up for 13,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$171.6K $13.20/SF
− Vacancy
−$18.0K −$1.39/SF
EGI
$153.6K $11.81/SF
− OpEx
−$46.1K −$3.54/SF
NOI
$107.5K $8.27/SF
Area
Morgan County, AL
Vacancy
10.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,150,140
Cap Rate 7%
$1,535,814
Cap Rate 9%
$1,194,522
Alternative Uses
Best Use
Retail
$1.54M
$1.34M – $1.79M
NOI $107,507 @ 7.0% cap · market cap 5.38%
Second Best
Industrial
$948.1K
$829.6K – $1.11M
NOI $66,366 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$2.70M
$2.37M – $3.16M
NOI $189,322 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
84k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 34%
Hotels & Casinos 11%
Jack's Family Restaurants
Dining
14,904 visits/mo
0.1 miles
Mellow Mushroom
Dining
9,527 visits/mo
0.3 miles
DoubleTree by Hilton Hotel Decatur Riverfront
Hotels & Casinos
8,114 visits/mo
0.4 miles
Texaco
Shops & Services
7,260 visits/mo
0.3 miles
Hardee's
Dining
7,146 visits/mo
0.3 miles
Demographics for 35601, AL
34,958
Population
15,168
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
77%
High-School Grad
26.5 sq mi
ZIP Area
1,319
Density / Sq Mi
$50,216
Median Household Income
$33,438
Median Earnings
$860
Median Rent
$148,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Windshield — 625 2nd Ave SE, Decatur, AL 35601
- Iverson Monster Tire — 105 6th Ave NE, Decatur, AL 35601
- Muffler Shop — 111 6th Ave NE, Decatur, AL 35601
- C & G TIRES SERVICES — 114 6th Ave NE, Decatur, AL 35601
- Iverson Gulf Services — 105 6th Ave NE, Decatur, AL 35601
Frequently Asked Questions
What type of property is this?
Auto shop - Former transmission-repair facility with accessible doors, three bathrooms, and public water and sewer service.
Where is this auto shop located?
The property is located at 302 6th Avenue NE Decatur, AL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 13,000 square feet of building area; 0.5854‑acre commercial site; Former transmission repair location with decades of operating history
