Flex Space with Fenced
For Sale
$699,900
1705 CENTRAL PARKWAY, Decatur, AL 35601
Commercial Sale, DECATUR, AL
Property Size6,000 SF
Lot Size0.34 Acres
Price / SF$116.65
Days on Market47
Property Features for 1705 CENTRAL PARKWAY
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Directions
6th Ave take 14th Ave West then right on Central Pkwy. Building/business will be on the left.
Standard status
Active
APN
03 09 30 4 001 011.001
Size
6,000 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
COM NW INT OF 14TH ST SW & CENTRAL PARKWAY IN SEC 30, T5S, R4W; TH N 630' TO POB; TH CON T N 75' ALG W R/W CENTRAL PARKW AYW 200'; SO 75'; E 200' TO P OB
Legal Description
COM NW INT OF 14TH ST SW & CENTRAL PARKWAY IN SEC 30, T5S, R4W; TH N 630' TO POB; TH CON T N 75' ALG W R/W CENTRAL PARKW AYW 200'; SO 75'; E 200' TO P OB
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
secure fenced yard
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Buildings
1
Listing Agency:
Mallard Realty
(256) 822-1957
Listed By:
Philip Wright · License #138422
(256) 565-2676
Added: Sep 15
Changed: Oct 29
Last Checked: Oct 31 at 4:06AM
MLS# 21929270
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains approximately 6,000 square feet in a building measuring about 60 by 100 feet. The 75-by-200-foot lot includes paved parking and a fenced yard. Metal siding and a metal roof enclose an interior with concrete flooring, central air conditioning, electric heat, and two bathrooms. Public water serves the property.
Located at 1705 Central Parkway in Decatur, Alabama, the property combines enclosed commercial space with dedicated outdoor area. The building’s physical configuration supports a range of commercial operations without relying on a single specified use.
Located at 1705 Central Parkway in Decatur, Alabama, the property combines enclosed commercial space with dedicated outdoor area. The building’s physical configuration supports a range of commercial operations without relying on a single specified use.
Key Highlights
- Approximately 6,000 square feet of building area
- 75‑by‑200‑foot lot
- Paved parking area and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,619
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,380
$992.4K
Cap Rate 7%
$708,843
$708.8K
Cap Rate 9%
$551,322
$551.3K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$79.2K $13.20/SF
− Vacancy
−$8.3K −$1.39/SF
EGI
$70.9K $11.81/SF
− OpEx
−$21.3K −$3.54/SF
NOI
$49.6K $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%
$992,380
Cap Rate 7%
$708,843
Cap Rate 9%
$551,322
Alternative Uses
Best Use
Retail
$708.8K
$620.2K – $827.0K
NOI $49,619 @ 7.0% cap · market cap 7.09%
Second Best
Flex RnD
$515.0K
$450.6K – $600.8K
NOI $36,047 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,379 @ 7.0% cap · market cap 12.48%
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
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A paved parking area and secure outdoor yard complement the building’s flexible commercial configuration.
Where is this flex space located?
The property is located at 1705 CENTRAL PARKWAY Decatur, AL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Approximately 6,000 square feet of building area; 75‑by‑200‑foot lot; Paved parking area and fenced yard
