Retail and Office
1944 Central Parkway Southwest Decatur, AL 35601
1944 Central Parkway Southwest, Decatur, AL, 35601
Contact for pricing
For Sale
Contact for pricing
For sale mixed-use storefront property at 1944 Central Parkway in Decatur, Alabama.
Property Size4,500 SF
Price / SF$100
Days on Market52
Property Features for 1944 Central Parkway Southwest
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1994
Listing agency
MarMac Real Estate Decatur
(256) 214-2227
Listed by
Shane Odom · License #AL0117440
Source
Crexi
Added: Jun 2 Updated: Jul 22 at 7:49PM Checked: Jul 22 at 7:49PM
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
Local Financial Insights For Retail
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 | $59.4k | $13.20 |
| − Vacancy | −$6.2k | −$1.39 |
| EGI | $53.2k | $11.81 |
| − OpEx | −$15.9k | −$3.54 |
| NOI | $37.2k | $8.27 |
4,500 SF · lease $13.20/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$654.4K
$572.6K – $763.4K
NOI $45,806 @ 7.0% cap · market cap 10.18%
Second Best
Retail
$531.6K
$465.2K – $620.2K
NOI $37,214 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$936.2K
$819.2K – $1.09M
NOI $65,534 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mental Health Association ...
Crisis Center
Harvest Time Outreach ...
Church
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FAQs
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 $450,000.
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
