Building Details

Year Built 1994

Listing Agency: MarMac Real Estate Decatur

Listed By: Shane Odom · License #AL0117440 Show Phone

Source: Crexi

Added: Jun 2 Changed: Oct 11 Last Checked: Oct 23 at 4:52AM

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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 MarMac Real Estate Decatur

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This for-sale commercial property at 1944 Central Parkway Southwest, Decatur, Alabama 35601 includes retail and office space in a storefront format. The property size is listed as 4,500 square feet.

The asset is identified in public remarks as “1944 Central Parkway” in Decatur, providing a straightforward address for coordination of tours and due diligence.

Because the available information does not specify individual unit layouts, current tenant status, or interior improvements, prospective buyers should confirm configuration and condition during showings.

Key Highlights

• Mixed‑use storefront property for sale at 1944 Central Parkway, Decatur, AL 35601
• Built in 1994

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,214

Cap Rate

8.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$744,280 $744.3K

Cap Rate 7%

$531,629 $531.6K

Cap Rate 9%

$413,489 $413.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,500 SF

Gross rent

$59.4K $13.20/SF

− Vacancy

−$6.2K −$1.39/SF

EGI

$53.2K $11.81/SF

− OpEx

−$15.9K −$3.54/SF

NOI

$37.2K $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%

$744,280

Cap Rate 7%

$531,629

Cap Rate 9%

$413,489

Alternative Uses

Best Use

Office B

$654.4K

$572.6K – $763.4K (±1% cap)

NOI $45,806 @ 7.0% cap · market cap 10.78%

Second Best

Retail

$531.6K

$465.2K – $620.2K (±1% cap)

NOI $37,214 @ 7.0% cap · market cap 8.76%

Theoretical Best

Office A

$936.2K

$819.2K – $1.09M (±1% cap)

NOI $65,534 @ 7.0% cap · market cap 15.42%

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

Mental Health Association ... Crisis Center Harvest Time Outreach ... Church

Suggested Use

Top Pick Law Firm Building Supply Gym & Fitness Center Pharmacy Kitchen & Bath Showroom Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

819

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - For sale mixed-use storefront property at 1944 Central Parkway in Decatur, Alabama.

Where is this storefront property located?

The property is located at 1944 Central Parkway Southwest Decatur, AL.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Mixed‑use storefront property for sale at 1944 Central Parkway, Decatur, AL 35601; Built in 1994