603 Bank Street NE, Decatur, AL 35601
- Added:
- Apr 16, 2026
- Days on Market:
- 74
- Last Refresh:
- Jun 28 at 11:06 pm
Property Features for 603 Bank Street NE
General Information
- Property type
- Residential
- Property subtype
- Office
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- Size
- 2,500 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Natural Gas, Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 1
- Flooring type
- Concrete, Wood
Listing agent Jody Peterson License #21700 (256) 214-1616
Listing office Realty Group Of Alabama 2042 Beltline Rd, SW Ste 317e, AL (256) 353-2415
Listing date Apr 16, 2026
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HighLights
- Built in 1910 with original brick front and remaining tin square ceilings
- Roof is less than 10 years old
- Flooring includes concrete and wood
- Utilities: public water and public sewer
- Heating includes central, electric, and natural gas; cooling is central air
- Interior walls can be taken down easily (not permanent) and the space includes 1 bathroom
Overview
Located at 603 Bank Street NE in Decatur, the building sits within the Bank Street entertainment district. The area is characterized by specialty shops and restaurants, and the remarks note plenty of parking. The public remarks also indicate that over 200 new apartments are planned nearby, supporting continued activity in the surrounding area.
For tenants and buyers, the space is positioned for businesses that benefit from a main-street retail environment while still having the flexibility of an office-ready shell. With the ability to remove interior walls and adapt the floor plan, operators can tailor the layout to their product display, service flow, or workspace needs without extensive structural changes. The combination of updated roof condition and intact original exterior and interior features makes the building a practical option for a retail or office conversion in a walk-and-park setting.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.5k | $17.40 |
| − Vacancy | −$9.6k | −$3.83 |
| EGI | $33.9k | $13.57 |
| − OpEx | −$8.5k | −$3.39 |
| NOI | $25.4k | $10.18 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Morgan
- State
- Alabama
- Longitude
- -86.9862117
- Latitude
- 34.6119417