Retail and Office
For Sale
Contact for pricing
1944 Central Parkway Southwest, Decatur, AL 35601
For sale mixed-use storefront property at 1944 Central Parkway in Decatur, Alabama.
Property Size4,500 SF
Price / SF$94.44
Days on Market99
Property Features for 1944 Central Parkway Southwest
General Information
Standard status
Active
Size
4,500 SF
Class
B
Property subtype
Retail, Office
Zoning
M1
Building Details
Year Built
1994
Listing Agency:
MarMac Real Estate Decatur
Listed By:
Shane Odom · License #AL0117440
(256) 214-2227
Source:
Crexi
Added: Jun 2
Changed: Sep 6
Last Checked: Sep 7 at 1:06PM
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
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.
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 = 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
$37,214
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
8.76%
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%
$744,280
$744.3K
Cap Rate 7%
$531,629
$531.6K
Cap Rate 9%
$413,489
$413.5K
Market Conditions
NOI Build-Up for 4,500 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
$59.4K $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 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%
$744,280
Cap Rate 7%
$531,629
Cap Rate 9%
$413,489
Alternative Uses
Best Use
Office B
$654.4K
$572.6K – $763.4K
NOI $45,806 @ 7.0% cap · market cap 10.78%
Second Best
Retail
$531.6K
$465.2K – $620.2K
NOI $37,214 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$936.2K
$819.2K – $1.09M
NOI $65,534 @ 7.0% cap · market cap 15.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
