Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Suite on Central Parkway Title is generated by Realmo AI

    1431 Central Parkway SW, Decatur, AL 35601

    View on Map
    Claim this Listing
    New
    For Lease
    $1,200/Mo $12 SF/Yr (calc)

    COMMERCIAL - Decatur, AL

    Type:Office
    Property size:
    1,200 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 1431 Central Parkway SW

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Size
    1,200 SF

    We can help!

    Listing Contact
    Clint Murphy

    Listing agent Clint Murphy License #1505410

    Listing office Merithouse Realty 321 2nd Ave SE, Decatur, AL

    Listing date Jun 2, 2026

    MLS# 21916906

    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.

    HighLights

    • High visibility location on a busy corridor leading to Downtown Decatur
    • High daily traffic count for maximum signage exposure
    • Accessibility for customers and employees
    • Affordability for business owners
    • Surrounded by complementary businesses, creating a built‑in network
    • Ideal location to establish a business and build credibility

    Overview

    1402 Central Parkway offers office space in a straightforward, business-oriented setting. The property is positioned to support day-to-day operations, with visibility designed to keep your brand seen by passing motorists and potential customers.

    Located on Central Parkway SW in Decatur, the building sits on a busy corridor with direct access into Downtown. Public remarks note that daily traffic places signage in front of thousands of commuters, and the immediate area is characterized by surrounding contractors, trades, and service businesses—creating a natural base of referral partners.

    This location is well suited for small to mid-sized office users that want a prominent, easy-to-find presence without relying on a specialty buildout. With its emphasis on visibility, accessibility, and a central address, the space can work as a home base for professional services or supporting operations serving the greater Downtown market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.983341
    Latitude
    34.605925

    Nearby Similar for Lease

    • $4,500/Mo
      3,980 SF

      Decatur Commercial Space For Rent

      Multi-purpose building in high-traffic area with remodel options.
      1401 6th Avenue SE, Decatur, AL 35601
      View Details
    • $4,000/Mo
      3,730 SF

      Decatur Commercial Building For Lease

      Commercial building in high-traffic area, formerly a successful car wash.
      810 Beltline Road, Decatur, AL 35601
      View Details
    • $833/Mo
      1,250 SF

      Decatur Retail Space For Lease

      1,250 SF retail space in a visible Decatur location.
      807 SE 11th Street, Decatur, AL 35601
      View Details
    • $2,070/Mo
      93,712 SF

      Decatur Retail Space For Lease

      3,105 SF retail space in Decatur, Alabama available for lease.
      1516 SE 6th Avenue, Decatur, AL 35601
      View Details
    • $2,455/Mo
      3,683 SF

      Decatur Retail Space For Lease

      3,683 SF retail space in a visible Decatur location.
      1518 SE 6th Avenue, Decatur, AL 35601
      View Details
    • $4,125/Mo
      10,000 SF

      Decatur Warehouse Near I-65

      10,000 SF warehouse with office space near I-65.
      3702 Indian Hills Road Southeast, Decatur, AL 35603
      View Details
    • $2,500/Mo
      5,000 SF

      Decatur Office Space For Rent

      Office space for rent with highway access in Decatur, AL.
      3624 Indian Hills Rd SE, Decatur, AL 35603
      View Details
    • Contact for pricing
      45,000 SF

      Prime Retail Space Available

      Retail space in Decatur with high visibility and diverse tenants.
      2019 6th Ave SE, Decatur, AL 35601
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Decatur Center

      Retail space available in Decatur, Alabama shopping center.
      2407 6th Avenue, Decatur, AL 35601
      View Details
    • Contact for pricing
      8,035 SF

      Decatur Office/Warehouse with Dock Doors

      Versatile Decatur office/warehouse with dock doors and highway access.
      1010 8th Ave NE, Decatur, AL 35601
      View Details
    • $4 SF/Yr

      Industrial Property with Dock Loading

      Warehouse space with dock loading and highway access available for lease.
      2 Moulton St E, Decatur, AL 35601
      View Details
    • $15 SF/Yr
      36,737 SF

      Retail Space in High Growth Area

      Retail property in a high-growth area with ample parking.
      2914 - 2941 Mallard Parkway, Decatur, AL 35603
      View Details

    FAQs

    What type of property is this?
    Office units - Office space on a high-visibility corridor with strong day-to-day accessibility for businesses seeking a dependable presence.
    Where is this office units located?
    The property is located at 1431 Central Parkway SW Decatur, AL.
    What is the lease rate?
    The lease rate is $1,200 /Mo.
    What are key features of this property?
    This property features: High visibility location on a busy corridor leading to Downtown Decatur; High daily traffic count for maximum signage exposure; Accessibility for customers and employees
    (256) 616-4778
    We can help!
    Listing Contact
    Clint Murphy
    Real Estate License ID: 1505410
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1431 Central Parkway SW, Decatur, AL 35601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!