Flex Space with Fenced
For Sale
Contact for pricing
1705 Central Parkway Southwest, Decatur, AL 35601
Versatile commercial building with paved parking and a secured outdoor yard for operational flexibility.
Property Size6,000 SF
Price / SF$116.65
Days on Market14
Property Features for 1705 Central Parkway Southwest
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail, Office, Industrial
Lease Type
Net
Investment Type
Owner/User
Building Details
Tenancy
Single
Listing Agency:
Merithouse Realty
(256) 565-2676
Listed By:
Philip Wright · License #138422
Source:
Crexi
Added: Aug 17
Changed: Aug 30
Last Checked: Aug 30 at 10:45AM
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 Merithouse Realty
Investment Insights
Based on property information with market context.
This flex space includes approximately 6,000 square feet within a building measuring about 60' x 100'. The property combines enclosed commercial space with paved parking and a secured fenced yard, creating a practical setup for businesses requiring both interior operations and controlled outdoor storage or work areas. The configuration can support retail, office, warehouse, light industrial, manufacturing, or service-oriented functions, subject to applicable requirements.
The property is located at 1705 Central Parkway Southwest in Decatur, Alabama. It occupies a 75' x 200' lot, providing a defined site footprint around the building and yard improvements. The combination of building area, parking, and fenced exterior space offers flexibility for a range of commercial operations.
The property is located at 1705 Central Parkway Southwest in Decatur, Alabama. It occupies a 75' x 200' lot, providing a defined site footprint around the building and yard improvements. The combination of building area, parking, and fenced exterior space offers flexibility for a range of commercial operations.
Key Highlights
- Approximately 6,000± SF flex building
- Building dimensions of approximately 60' x 100'
- 75' x 200' lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,047
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$720,940
$720.9K
Cap Rate 7%
$514,957
$515.0K
Cap Rate 9%
$400,522
$400.5K
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.8K $9.96/SF
− Vacancy
−$4.3K −$0.72/SF
EGI
$55.5K $9.24/SF
− OpEx
−$19.4K −$3.24/SF
NOI
$36.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$720,940
Cap Rate 7%
$514,957
Cap Rate 9%
$400,522
Alternative Uses
Best Use
Flex RnD
$515.0K
$450.6K – $600.8K
NOI $36,047 @ 7.0% cap · market cap 5.15%
Second Best
Warehouse
$505.2K
$442.1K – $589.4K
NOI $35,364 @ 7.0% cap · market cap 5.05%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with paved parking and a secured outdoor yard for operational flexibility.
Where is this flex space located?
The property is located at 1705 Central Parkway Southwest 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± SF flex building; Building dimensions of approximately 60' x 100'; 75' x 200' lot
