Mixed-Use Property with Car
For Sale
$995,700
2528 Spring Avenue SW, Decatur, AL 35601
Two contiguous lots combine vehicle-wash operations with grocery and restaurant uses.
Property Size8,515 SF
Price / SF$116.93
Days on Market538
Property Features for 2528 Spring Avenue SW
General Information
Standard status
Active
Size
8,515 SF
Property subtype
COMMERCIAL
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Business Included
Yes
Road Access
Yes
Automotive Uses
car wash
Building Details
Building Size
8,515 SF
Listing Agency:
Access Real Estate
Listed By:
Sam Mozeb · License #90515
(256) 522-1924
Source:
Intownpartners
Added: May 9, 2025
Changed: Oct 26
Last Checked: Oct 26 at 3:58PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property spans two adjoining lots and includes a car wash, Hispanic grocery store, and restaurant. The combination of automotive, grocery, and dining uses defines the existing property configuration.
Key Highlights
- Two contiguous lots
- Includes a car wash, Hispanic grocery store, and restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,417
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,340
$1.4M
Cap Rate 7%
$1,005,957
$1.0M
Cap Rate 9%
$782,411
$782.4K
Market Conditions
NOI Build-Up for 8,515 SF
Gross rent
$112.4K $13.20/SF
− Vacancy
−$11.8K −$1.39/SF
EGI
$100.6K $11.81/SF
− OpEx
−$30.2K −$3.54/SF
NOI
$70.4K $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%
$1,408,340
Cap Rate 7%
$1,005,957
Cap Rate 9%
$782,411
Alternative Uses
Best Use
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $94,994 @ 7.0% cap · market cap 9.54%
Second Best
Retail
$1.01M
$880.2K – $1.17M
NOI $70,417 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,006 @ 7.0% cap · market cap 12.45%
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
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
449k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Superstores 21%
Apparel 14%
Shops & Services 11%
Walmart
Superstores
96,147 visits/mo
0.4 miles
Academy Sports + Outdoors
Apparel
52,512 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
31,936 visits/mo
0.5 miles
Cracker Barrel Old Country Store
Dining
20,096 visits/mo
0.5 miles
Starbucks
Dining
18,751 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?
Mixed-use property - Two contiguous lots combine vehicle-wash operations with grocery and restaurant uses.
Where is this mixed-use property located?
The property is located at 2528 Spring Avenue SW Decatur, AL.
What is the asking price?
The asking price for this property is $995,700.
What are key features of this property?
This property features: Two contiguous lots; Includes a car wash, Hispanic grocery store, and restaurant
