Mixed-Use Building with
For Sale
$750,000
1401 6th Avenue, Decatur, AL 35601
The layout combines retail suites, offices, support areas and rear-access warehouse space.
Property Size3,980 SF
Price / SF$188.44
Days on Market116
Property Features for 1401 6th Avenue
General Information
Standard status
Active
Size
3,980 SF
Property subtype
COMMERCIAL
Site & Location
Corner Location
Yes
Mixed-Use Components
retail, office, warehouse
Additional Details
Property Use
Multi-purpose
Amenities
breakroom
Building Details
Building Size
3,980 SF
Buildings
1
Tenancy
Multi
Listing Agency:
Parker Jones Real Estate
Listed By:
Peggy Carden · License #111527
(256) 353-1112
Source:
Intownpartners
Added: Jul 9
Changed: Oct 30
Last Checked: Oct 30 at 2:20PM
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 Parker Jones Real Estate
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Investment Insights
Based on property information with market context.
This 3,980-square-foot mixed-use building has two retail spaces, four offices, a breakroom, two restrooms and warehouse space. An additional 2,000 square feet of storage is located upstairs. The building has two HVAC systems and a rear overhead door serving the storage area. The property may be configured for multiple tenants, and remodeling is available.
The building occupies a corner at 6th Avenue and 10th Street SE in Decatur. Accessible parking is provided.
The building occupies a corner at 6th Avenue and 10th Street SE in Decatur. Accessible parking is provided.
Key Highlights
- 3,980‑square‑foot building with an additional 2,000 SF of upstairs storage
- Two retail spaces and four offices, plus a breakroom and two restrooms
- Warehouse space with a rear overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,914
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,280
$658.3K
Cap Rate 7%
$470,200
$470.2K
Cap Rate 9%
$365,711
$365.7K
Market Conditions
NOI Build-Up for 3,980 SF
Gross rent
$52.5K $13.20/SF
− Vacancy
−$5.5K −$1.39/SF
EGI
$47.0K $11.81/SF
− OpEx
−$14.1K −$3.54/SF
NOI
$32.9K $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%
$658,280
Cap Rate 7%
$470,200
Cap Rate 9%
$365,711
Alternative Uses
Best Use
Retail
$470.2K
$411.4K – $548.6K
NOI $32,914 @ 7.0% cap · market cap 4.39%
Second Best
Mixed Use
$394.0K
$344.8K – $459.7K
NOI $27,581 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$828.0K
$724.5K – $966.0K
NOI $57,962 @ 7.0% cap · market cap 7.73%
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
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
158k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 36%
Groceries 23%
Electronics 1%
Walmart Neighborhood Market
Groceries
36,846 visits/mo
0.2 miles
McDonald's
Dining
26,528 visits/mo
0.2 miles
Murphy USA
Shops & Services
20,271 visits/mo
0.2 miles
Circle K
Shops & Services
20,090 visits/mo
0.3 miles
7 Brew Coffee
Dining
9,912 visits/mo
0.4 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 - The layout combines retail suites, offices, support areas and rear-access warehouse space.
Where is this mixed-use property located?
The property is located at 1401 6th Avenue Decatur, AL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,980‑square‑foot building with an additional 2,000 SF of upstairs storage; Two retail spaces and four offices, plus a breakroom and two restrooms; Warehouse space with a rear overhead door
