Multi-Building Light Industrial
121 Somerville Rd NE, Decatur, AL 35601
For Sale
Contact for pricing
Multi-building light industrial property with both office and warehouse space for owner-occupiers or investors.
Property Size58,569 SF
Price / SF$128.05
Days on Market150
Property Features for 121 Somerville Rd NE
General Information
Standard status
Size
Class
Property subtype
Zoning
Building Details
Year Built
Stories
Tenancy
Listing Agency:
Hardiman Properties, Inc.
Listed By:
Joey Hardiman · License #257397 | 278349
Source:
Crexi
Added: Jun 13
Changed: Nov 4
Last Checked: Nov 8 at 6:17AM
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 Hardiman Properties, Inc.
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Investment Insights
Based on property information with market context.
The property is a multi-building light industrial complex offering a mix of office and warehouse space. As a user/owner opportunity, it provides a practical option for companies that need dedicated workplace and storage or distribution functions within the same ownership structure. The overall property size is approximately 58,569 square feet, and the configuration supports a combination of operational and administrative space.
Located at 121 Somerville Rd NE in Decatur, Alabama, the asset is presented for sale as a single multi-building complex. The offering centers on light industrial utility paired with on-site office space, which can support a range of tenant types looking to operate from their own facility.
For potential buyers, this layout can be useful when an organization wants to secure warehouse capacity while maintaining associated office space for staff and oversight. Tenants and operators may also find the combined office/warehouse environment helpful for day-to-day coordination between production, storage, and administrative needs. This is a for-sale property designed to accommodate buyers seeking a user-occupier setup or an ownership structure with multiple buildings and functional space for light industrial use.
Located at 121 Somerville Rd NE in Decatur, Alabama, the asset is presented for sale as a single multi-building complex. The offering centers on light industrial utility paired with on-site office space, which can support a range of tenant types looking to operate from their own facility.
For potential buyers, this layout can be useful when an organization wants to secure warehouse capacity while maintaining associated office space for staff and oversight. Tenants and operators may also find the combined office/warehouse environment helpful for day-to-day coordination between production, storage, and administrative needs. This is a for-sale property designed to accommodate buyers seeking a user-occupier setup or an ownership structure with multiple buildings and functional space for light industrial use.
Key Highlights
- Multi‑building light industrial complex with office and warehouse space
- Built in 2010
- Includes both office and warehouse space, suitable for owner‑occupiers or investors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$351,875
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,037,500
$7.0M
Cap Rate 7%
$5,026,786
$5.0M
Cap Rate 9%
$3,909,722
$3.9M
Market Conditions
NOI Build-Up for 58,569 SF
Gross rent
$583.3K $9.96/SF
− Vacancy
−$42.0K −$0.72/SF
EGI
$541.3K $9.24/SF
− OpEx
−$189.5K −$3.24/SF
NOI
$351.9K $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 Rate 5%
$7,037,500
Cap Rate 7%
$5,026,786
Cap Rate 9%
$3,909,722
Alternative Uses
Best Use
Flex RnD
$5.03M
$4.40M – $5.86M
NOI $351,875 @ 7.0% cap · market cap 4.69%
Second Best
Warehouse
$4.93M
$4.32M – $5.75M
NOI $345,204 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$12.19M
$10.66M – $14.22M
NOI $852,952 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
669
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
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Market
Vacancy Rate% for Industrial in South region
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 - Multi-building light industrial property with both office and warehouse space for owner-occupiers or investors.
Where is this flex space located?
The property is located at 121 Somerville Rd NE Decatur, AL.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Multi‑building light industrial complex with office and warehouse space; Built in 2010; Includes both office and warehouse space, suitable for owner‑occupiers or investors
