Office Building with Four
New
For Sale
$325,000
1803 Somerville Road, Decatur, AL 35601
SINGLE_FAMILY - Decatur, AL
Property Size2,400 SF
Lot Size0.15 Acres
Price / SF$135.42
Days on Market2
Property Features for 1803 Somerville Road
General Information
Property type
Residential
Property subtype
Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Accessibility
Accessible Doors
Directions
From I565 W Heading To Decatur Continue On Us72 Alt W And Turn L Onto Church St, Then R Onto Somerville. Follow Somerville Rd Until You Reach 1803 Somerville Rd On The Right.
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: Aug 1
Last Checked: Aug 2 at 1:06AM
MLS# 21925370
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Investment Insights
Based on property information with market context.
Office building offering four large office spaces, each with a different layout and flexibility of use. One office is currently vacant and was used as a hair salon. One office space includes a bathroom with a stand-up shower.
The main entrance hallway features an accessible (handicapped) bathroom and a regular bathroom, and the property has both front and back entrance doors. Flooring includes vinyl and carpet, and the building provides accessible doors.
Recent improvements include a new roof and upgraded electrical that were just installed. The property sits on a 0.15-acre lot and was built in 1987. Utilities include public water and public sewer.
With multiple rooms and bathrooms already in place, the space can support a variety of professional office uses such as counseling or therapy, massage, or personal services.
The main entrance hallway features an accessible (handicapped) bathroom and a regular bathroom, and the property has both front and back entrance doors. Flooring includes vinyl and carpet, and the building provides accessible doors.
Recent improvements include a new roof and upgraded electrical that were just installed. The property sits on a 0.15-acre lot and was built in 1987. Utilities include public water and public sewer.
With multiple rooms and bathrooms already in place, the space can support a variety of professional office uses such as counseling or therapy, massage, or personal services.
Key Highlights
- Four large office spaces with different layouts
- One vacant office previously used as a hair salon
- Bathroom with a stand‑up shower in one office space
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 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.3K
$436.9K – $582.5K
NOI $34,952 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
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?
Office building - Office building with four office spaces, accessible doors, and public water and sewer served by a shingle roof.
Where is this office building located?
The property is located at 1803 Somerville Road Decatur, AL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four large office spaces with different layouts; One vacant office previously used as a hair salon; Bathroom with a stand‑up shower in one office space
