Mixed-Use Building with
1401 6TH AVENUE, Decatur, AL 35601
For Sale
$750,000
Commercial Sale, DECATUR, AL
Property Size3,980 SF
Price / SF$188.44
Days on Market127
Property Features for 1401 6TH AVENUE
General Information
Property type
Property subtype
Parking features
Exterior features
Lot features
Directions
Standard status
Size
Site & Location
Corner Location
Mixed-Use Components
Utilities
Water source
Building Details
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Parker Jones Real Estate
(256) 353-1112
Listed By:
Peggy Carden · License AL #111527
(256) 318-2771
Added: Jul 9
Changed: Nov 5
Last Checked: Nov 12 at 6:06AM
MLS# 21923236
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.
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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, a rear overhead door serving the storage area, and accessible parking. Interior flooring includes carpet, concrete, vinyl, and tile; exterior materials include vinyl siding, block, and metal siding, with a metal roof.
At the corner of 6th Avenue and 10th Street SE in Decatur, the property is served by a driveway, parking lot, and alley. Public water is available. The existing layout offers a range of retail, office, and storage areas within one building.
At the corner of 6th Avenue and 10th Street SE in Decatur, the property is served by a driveway, parking lot, and alley. Public water is available. The existing layout offers a range of retail, office, and storage areas within one building.
Key Highlights
- 3,980‑square‑foot mixed‑use building
- Two retail spaces, four offices, breakroom, two restrooms, and warehouse area
- Additional 2,000 square feet of upstairs storage
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-site property combines customer-facing areas, private offices, and rear warehouse access.
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 mixed‑use building; Two retail spaces, four offices, breakroom, two restrooms, and warehouse area; Additional 2,000 square feet of upstairs storage
