Freestanding Retail Building
For Sale
$295,000
1002 4th Avenue SE, Decatur, AL 35601
Freestanding retail building on a high-traffic corner lot, renovated and zoned RD, with one fully occupied unit.
Property Size2,774 SF
Price / SF$106.34
Days on Market96
Property Features for 1002 4th Avenue SE
General Information
Standard status
Active
Size
2,774 SF
Property subtype
Retail
Zoning
RD
Occupancy
100%
Building Details
Building Size
2,774 SF
Year Built
1900
Tenancy
Single
Listed By:
Paula Prestwood · License #AL #000043492-0
(256) 227-1524
Source:
Gatewaycommercial
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 24 at 3:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paula Prestwood
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Investment Insights
Based on property information with market context.
This freestanding retail building offers a single, fully occupied unit within a 2,774 SF structure. Originally constructed in 1900, the property has been newly renovated, combining historic character with updated functionality. The building is presented as a turnkey investment with occupancy already in place.
Located on a high-traffic corner lot at 1002 4th Avenue SE in Decatur, AL, the site is positioned for strong day-to-day visibility. The property is zoned RD, providing flexibility for various business ventures consistent with the zoning designation.
With one tenant occupying the space, the configuration is straightforward for an owner seeking an immediately occupied retail asset.
Located on a high-traffic corner lot at 1002 4th Avenue SE in Decatur, AL, the site is positioned for strong day-to-day visibility. The property is zoned RD, providing flexibility for various business ventures consistent with the zoning designation.
With one tenant occupying the space, the configuration is straightforward for an owner seeking an immediately occupied retail asset.
Key Highlights
- Freestanding retail building in Decatur, AL on a high‑traffic corner lot
- 2,774 SF building, originally built in 1900
- Single fully occupied unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,940
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,800
$458.8K
Cap Rate 7%
$327,714
$327.7K
Cap Rate 9%
$254,889
$254.9K
Market Conditions
NOI Build-Up for 2,774 SF
Gross rent
$36.6K $13.20/SF
− Vacancy
−$3.8K −$1.39/SF
EGI
$32.8K $11.81/SF
− OpEx
−$9.8K −$3.54/SF
NOI
$22.9K $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 Rate 5%
$458,800
Cap Rate 7%
$327,714
Cap Rate 9%
$254,889
Alternative Uses
Best Use
Retail
$327.7K
$286.8K – $382.3K
NOI $22,940 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$577.1K
$505.0K – $673.3K
NOI $40,398 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
140k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 36%
Groceries 26%
Walmart Neighborhood Market
Groceries
36,846 visits/mo
0.3 miles
McDonald's
Dining
26,528 visits/mo
0.3 miles
Murphy USA
Shops & Services
20,271 visits/mo
0.3 miles
Circle K
Shops & Services
20,090 visits/mo
0.3 miles
7 Brew Coffee
Dining
9,912 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building on a high-traffic corner lot, renovated and zoned RD, with one fully occupied unit.
Where is this storefront property located?
The property is located at 1002 4th Avenue SE Decatur, AL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Freestanding retail building in Decatur, AL on a high‑traffic corner lot; 2,774 SF building, originally built in 1900; Single fully occupied unit
