Connected Flex Space
For Sale
$1,650,000
138 Valley Park Drive NW, Decatur, AL 35601
Business Opportunity, Decatur, AL
Property Size21,850 SF
Lot Size1.00 Acre
Price / SF$75.51
Days on Market141
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Property Features for 138 Valley Park Drive NW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial, Industrial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
Exterior features
Lighting
Subdivision
Metes And Bounds
Lot features
High Visibility
Directions
Half Mile South Of Highway 20 (72 Alt) On Beltline Road (Hwy 67) Valley Park Drive Is A Service Road
Standard status
Active
APN
0206140002015.000
Size
21,850 SF
Lot size
1.00 Acre
Utilities
Sewer type
Septic Tank
Heating system
Space Heater, Natural Gas
Cooling system
Central Air, Exhaust Fan (Cooling)
Water source
Public
Building Details
Year built
1971
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Re/Max Platinum · RE/MAX International
(256) 351-9180
Listed By:
Terry Taylor · License #94608
(256) 227-4465
Added: May 28
Changed: Oct 15
Last Checked: Oct 15 at 1:06PM
MLS# 21916673
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property consists of four connected buildings on 1 acre. The first three provide approximately 11,400 square feet of warehouse and manufacturing area, with 16-foot sidewalls, 20-foot ceilings, an approximately 800-square-foot showroom, and approximately 560 square feet of office space. Concrete flooring, metal roofing, natural gas heat, central air, exhaust ventilation, and lighting are included among the existing improvements.
The fourth structure has three levels of approximately 3,000 square feet each. Its layout includes a ground-level garage, conditioned offices on the second floor, and conditioned unfinished space above. Public water and septic service support the property, which was built in 1971 and is located in Decatur, Alabama.
The fourth structure has three levels of approximately 3,000 square feet each. Its layout includes a ground-level garage, conditioned offices on the second floor, and conditioned unfinished space above. Public water and septic service support the property, which was built in 1971 and is located in Decatur, Alabama.
Key Highlights
- Four connected buildings on 1 acre
- Approximately 11,400 square feet of warehouse and manufacturing space
- 16' sidewalls and 20' ceilings in the first three buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,272
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,625,440
$2.6M
Cap Rate 7%
$1,875,314
$1.9M
Cap Rate 9%
$1,458,578
$1.5M
Market Conditions
NOI Build-Up for 21,850 SF
Gross rent
$217.6K $9.96/SF
− Vacancy
−$15.7K −$0.72/SF
EGI
$202.0K $9.24/SF
− OpEx
−$70.7K −$3.24/SF
NOI
$131.3K $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%
$2,625,440
Cap Rate 7%
$1,875,314
Cap Rate 9%
$1,458,578
Alternative Uses
Best Use
Flex RnD
$1.88M
$1.64M – $2.19M
NOI $131,272 @ 7.0% cap · market cap 7.96%
Second Best
Warehouse
$1.84M
$1.61M – $2.15M
NOI $128,783 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$4.55M
$3.98M – $5.30M
NOI $318,206 @ 7.0% cap · market cap 19.29%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
132
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 adjoining commercial buildings combine warehouse, manufacturing, showroom, office, garage, and conditioned workspace components.
Where is this flex space located?
The property is located at 138 Valley Park Drive NW 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 on 1 acre; Approximately 11,400 square feet of warehouse and manufacturing space; 16' sidewalls and 20' ceilings in the first three buildings
