Downtown Mixed-Use
New
For Sale
Contact for pricing
101 2nd Avenue Southeast, Decatur, AL 35601
CB-zoned property near civic offices, downtown amenities, and multiple nearby parking options.
Property Size10,600 SF
Price / SF$94.34
Days on Market7
Property Features for 101 2nd Avenue Southeast
General Information
Standard status
Active
Size
10,600 SF
Class
C
Property subtype
Retail, Office
Zoning
CB
Lease Type
NNN
Additional Details
Highway Access
Yes
Building Details
Year Built
1915
Buildings
1
Stories
2
Listing Agency:
Parker Real Estate LLC
(256) 353-1112
Listed By:
Jackson Parker · License #AL 000106208
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 6:38AM
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 Parker Real Estate LLC
Investment Insights
Based on property information with market context.
This mixed-use property at 101 2nd Avenue Southeast contains 10,600 square feet and dates to 1915. Basement area is not included in the reported total, providing an important distinction when evaluating the building’s overall footprint. The property carries CB zoning and is positioned in downtown Decatur.
Dining, shopping, and entertainment venues are located nearby, with multiple parking lots and a new parking garage close to the building. Courthouse and City Hall are within walking distance. Regional access is available via a short drive to I-565/I-65, Highway 20, and Highway 24.
Dining, shopping, and entertainment venues are located nearby, with multiple parking lots and a new parking garage close to the building. Courthouse and City Hall are within walking distance. Regional access is available via a short drive to I-565/I-65, Highway 20, and Highway 24.
Key Highlights
- 10,600 square feet of mixed‑use property
- Basement square footage is excluded from the reported total
- Built in 1915
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
$87,660
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
8.77%
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%
$1,753,200
$1.8M
Cap Rate 7%
$1,252,286
$1.3M
Cap Rate 9%
$974,000
$974.0K
Market Conditions
NOI Build-Up for 10,600 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
$139.9K $13.20/SF
− Vacancy
−$14.7K −$1.39/SF
EGI
$125.2K $11.81/SF
− OpEx
−$37.6K −$3.54/SF
NOI
$87.7K $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%
$1,753,200
Cap Rate 7%
$1,252,286
Cap Rate 9%
$974,000
Alternative Uses
Best Use
Office B
$1.54M
$1.35M – $1.80M
NOI $107,897 @ 7.0% cap · market cap 10.79%
Second Best
Retail
$1.25M
$1.10M – $1.46M
NOI $87,660 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M
NOI $154,370 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - CB-zoned property near civic offices, downtown amenities, and multiple nearby parking options.
Where is this mixed-use property located?
The property is located at 101 2nd Avenue Southeast Decatur, AL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 10,600 square feet of mixed‑use property; Basement square footage is excluded from the reported total; Built in 1915
