Flex Space With Fenced
For Sale
$699,900
1705 Central Parkway, Decatur, AL 35601
Commercial building combines paved parking with a secure outdoor yard for operational flexibility.
Property Size6,000 SF
Price / SF$116.65
Days on Market26
Property Features for 1705 Central Parkway
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Building Details
Building Size
6,000 SF
Buildings
1
Stories
1
Listing Agency:
Merithouse Realty
(256) 822-0010
Listed By:
Philip Wright · License #138422
Source:
Alabamaland
Added: Jul 10
Changed: Aug 2
Last Checked: Aug 3 at 12:37PM
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 property includes a 6,000-square-foot commercial building on a 75' x 200' lot. The approximately 60' x 100' structure is paired with paved parking and a secure fenced yard, creating both enclosed space and controlled outdoor area. The property is presented as suitable for retail, office, warehouse, light industrial, manufacturing, and service-based operations.
Located at 1705 Central Parkway in Decatur, Alabama, the site combines a commercial building with on-site parking and fenced exterior space. Its configuration can accommodate businesses seeking a building-and-yard setup within a single property.
Located at 1705 Central Parkway in Decatur, Alabama, the site combines a commercial building with on-site parking and fenced exterior space. Its configuration can accommodate businesses seeking a building-and-yard setup within a single property.
Key Highlights
- 6,000± square foot commercial building
- Approximately 60' x 100' building footprint
- 75' x 200' lot
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.4k | $17.40 |
| − Vacancy | −$23.0k | −$3.83 |
| EGI | $81.4k | $13.57 |
| − OpEx | −$20.4k | −$3.39 |
| NOI | $61.1k | $10.18 |
6,000 SF · lease $17.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$872.5K
$763.4K – $1.02M
NOI $61,074 @ 7.0% cap · market cap 8.73%
Second Best
Retail
$708.8K
$620.2K – $827.0K
NOI $49,619 @ 7.0% cap · market cap 7.09%
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
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial building combines paved parking with a secure outdoor yard for operational flexibility.
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: 6,000± square foot commercial building; Approximately 60' x 100' building footprint; 75' x 200' lot
