Connected Flex Space
For Sale
$1,650,000
138 Valley Park NW Drive, Decatur, AL 35601
Four linked buildings combine warehouse, manufacturing, office, showroom, garage, and conditioned space.
Property Size22,000 SF
Price / SF$75
Days on Market151
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Property Features for 138 Valley Park NW Drive
General Information
Standard status
Active
Size
22,000 SF
Property subtype
Commercial/Industrial
Warehouse & Industrial
Warehouse Space
11,400 SF
Office Build-Out
3,560 SF
Taxes and HOA fees
Annual Taxes
$7,500
Building Details
Year Built
1971
Buildings
4
Listing Agency:
RE/MAX Platinum
(256) 351-9180
Listed By:
Terry Taylor · License #94608
(256) 227-4465
Source:
Exitrealty
Added: May 18
Changed: Oct 3
Last Checked: Oct 9 at 5:58PM
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 RE/MAX Platinum
Investment Insights
Based on property information with market context.
Built in 1971, the property consists of four connected buildings with a combined 22,000± square feet. The first three provide approximately 11,400± square feet of warehouse and manufacturing area, along with 16-foot sidewalls, 20-foot ceilings, an approximately 800-square-foot showroom, and approximately 560 square feet of office space.
The fourth building rises three stories, with a garage occupying the first floor, conditioned offices on the second, and conditioned unfinished space on the third. The property is located at 138 Valley Park NW Drive in Decatur, Alabama, within the city’s industrial complex.
The fourth building rises three stories, with a garage occupying the first floor, conditioned offices on the second, and conditioned unfinished space on the third. The property is located at 138 Valley Park NW Drive in Decatur, Alabama, within the city’s industrial complex.
Key Highlights
- Four connected buildings totaling 22,000± square feet
- First three buildings include 11,400± square feet of warehouse/manufacturing space
- 16‑foot sidewalls and 20‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,173
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,643,460
$2.6M
Cap Rate 7%
$1,888,186
$1.9M
Cap Rate 9%
$1,468,589
$1.5M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$219.1K $9.96/SF
− Vacancy
−$15.8K −$0.72/SF
EGI
$203.3K $9.24/SF
− OpEx
−$71.2K −$3.24/SF
NOI
$132.2K $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%
$2,643,460
Cap Rate 7%
$1,888,186
Cap Rate 9%
$1,468,589
Alternative Uses
Best Use
Flex RnD
$1.89M
$1.65M – $2.20M
NOI $132,173 @ 7.0% cap · market cap 8.01%
Second Best
Warehouse
$1.85M
$1.62M – $2.16M
NOI $129,667 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$4.58M
$4.00M – $5.34M
NOI $320,390 @ 7.0% cap · market cap 19.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Well-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
Similar Off Market Nearby
- Berto's Catering — 2025 State Hwy 20, Decatur, AL 35601
Frequently Asked Questions
What type of property is this?
Flex space - Four linked buildings combine warehouse, manufacturing, office, showroom, garage, and conditioned space.
Where is this flex space located?
The property is located at 138 Valley Park NW Drive Decatur, AL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Four connected buildings totaling 22,000± square feet; First three buildings include 11,400± square feet of warehouse/manufacturing space; 16‑foot sidewalls and 20‑foot ceilings
