Freestanding Flex
For Sale
Contact for pricing
101 Moulton Street West, Decatur, AL 35601
Flexible commercial building with a secured outdoor lot, multiple covered parking structures, and direct drive-in access.
Property Size4,465 SF
Price / SF$82.64
Days on Market77
Property Features for 101 Moulton Street West
General Information
Standard status
Active
Size
4,465 SF
Total Parking Spaces
5
Property subtype
Retail, Industrial, Special Purpose
Additional Details
Fenced Yard
Yes
Drive-In Doors
4
Building Details
Year Built
1988
Buildings
1
Listing Agency:
Access Real Estate
(256) 309-7556
Listed By:
Sam Mozeb · License #AL90515
Source:
Crexi
Added: Jun 16
Changed: Aug 30
Last Checked: Aug 30 at 6:30PM
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 Access Real Estate
Investment Insights
Based on property information with market context.
This freestanding flex property provides 4,465 square feet of commercial building area on a fenced lot. The improvements include five carports and four drive-in doors, supporting a range of flex-oriented operations that require covered parking and direct vehicle access. Built in 1988, the building is situated in downtown Decatur, Alabama, at 101 Moulton Street West.
Key Highlights
- 4,465‑square‑foot freestanding flex building
- Fenced lot provides secured outdoor area
- Five carports included
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
$26,825
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
7.27%
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%
$536,500
$536.5K
Cap Rate 7%
$383,214
$383.2K
Cap Rate 9%
$298,056
$298.1K
Market Conditions
NOI Build-Up for 4,465 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
$44.5K $9.96/SF
− Vacancy
−$3.2K −$0.72/SF
EGI
$41.3K $9.24/SF
− OpEx
−$14.4K −$3.24/SF
NOI
$26.8K $6.01/SF
Area
Morgan County, AL
Vacancy
7.20%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$536,500
Cap Rate 7%
$383,214
Cap Rate 9%
$298,056
Alternative Uses
Best Use
Flex RnD
$383.2K
$335.3K – $447.1K
NOI $26,825 @ 7.0% cap · market cap 7.27%
Second Best
Industrial
$325.6K
$284.9K – $379.9K
NOI $22,794 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$928.9K
$812.8K – $1.08M
NOI $65,025 @ 7.0% cap · market cap 17.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Don's Mercantile — 119 2nd Ave NE, Decatur, AL 35601
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building with a secured outdoor lot, multiple covered parking structures, and direct drive-in access.
Where is this flex space located?
The property is located at 101 Moulton Street West Decatur, AL.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 4,465‑square‑foot freestanding flex building; Fenced lot provides secured outdoor area; Five carports included
