Office Building with Four
1803 Somerville Road SE Decatur, AL 35601
For Sale
$340,000
SINGLE_FAMILY - Decatur, AL
Property Size2,400 SF
Lot Size0.15 Acres
Price / SF$141.67
Days on Market57
Property Features for 1803 Somerville Road SE
General Information
Property type
Residential
Property subtype
Office
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Accessibility
Accessible Doors
Standard status
Active
APN
0309294003009.004
Size
2,400 SF
Lot size
0.15 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1987
Floors in Building
1
Flooring type
Carpet, Vinyl
Roof type
Shingle
Listing Agency:
Keller Williams Realty Madison
(256) 319-3700
Listed By:
Patricia Kruse · License #126560
(256) 542-1894
Added: Jun 3
Changed: Jul 29
Last Checked: Jul 29 at 1:06PM
MLS# 21908742
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Investment Insights
Based on property information with market context.
This for-sale office building offers four large office spaces, each with its own layout and flexibility of use. One office is currently vacant and was previously used as a hair salon. One suite includes a bathroom with a stand-up shower, and the main entrance hallway has both a handicapped bathroom and a regular bathroom. The property also has both front and back entrance doors, supporting straightforward client or staff access depending on your operating flow.
Located at 1803 Somerville Road SE in Decatur, Alabama 35601 (Morgan County), the building sits on a 0.15-acre lot. The structure totals 2,400 square feet. Recent improvements include a new roof and upgraded electrical just installed, intended to provide a more dependable base for day-to-day operations.
The interior configuration and bathroom amenities make the property well-suited for a range of service-oriented office users, including counselor or therapist setups, massage therapy, beauty and skin care, and similar client-based practices. With dedicated suite layouts and multiple bathroom options already in place, tenants and buyers can evaluate how to assign spaces for intake, treatment, and administrative functions while keeping separate areas for different services.
Located at 1803 Somerville Road SE in Decatur, Alabama 35601 (Morgan County), the building sits on a 0.15-acre lot. The structure totals 2,400 square feet. Recent improvements include a new roof and upgraded electrical just installed, intended to provide a more dependable base for day-to-day operations.
The interior configuration and bathroom amenities make the property well-suited for a range of service-oriented office users, including counselor or therapist setups, massage therapy, beauty and skin care, and similar client-based practices. With dedicated suite layouts and multiple bathroom options already in place, tenants and buyers can evaluate how to assign spaces for intake, treatment, and administrative functions while keeping separate areas for different services.
Key Highlights
- Prime office location suitable for various businesses.
- New roof and upgraded electrical system.
- Four large office spaces with flexible layouts.
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 | $41.8k | $17.40 |
| − Vacancy | −$9.2k | −$3.83 |
| EGI | $32.6k | $13.57 |
| − OpEx | −$8.1k | −$3.39 |
| NOI | $24.4k | $10.18 |
2,400 SF · lease $17.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$349.0K
$305.4K – $407.2K
NOI $24,430 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.3K
$436.9K – $582.5K
NOI $34,952 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Four-suite office property offered for sale with recent roof and electrical upgrades.
Where is this office units located?
The property is located at 1803 Somerville Road SE Decatur, AL.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Prime office location suitable for various businesses.; New roof and upgraded electrical system.; Four large office spaces with flexible layouts.
