Office Building with
New
For Sale
$595,000
2218 Beltline Rd SW, Decatur, AL 35601
Existing veterinary clinic use, available utilities, and on-site parking provide a functional office setting.
Property Size3,115 SF
Price / SF$191.01
Days on Market2
Property Features for 2218 Beltline Rd SW
General Information
Standard status
Active
Size
3,115 SF
Class
B
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Building Size
3,115 SF
Year Built
1980
Buildings
1
Listing Agency:
(256) 355-0721
Listed By:
Tillman Hurst · License #AL #000163336-0
Source:
Gatewaycommercial
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 7:18AM
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 Tillman Hurst
Investment Insights
Based on property information with market context.
This approximately 3,115-square-foot office building was built in 1980 and is currently configured for veterinary clinic operations. The property is positioned along Highway 67/Beltline Road in Decatur, with an existing commercial layout suited to office-related occupancy, including medical or executive office use. Available utilities and ample parking add practical functionality for daily operations.
The building fronts Beltline Rd SW and benefits from visibility along the corridor. Its address is 2218 Beltline Rd SW, Decatur, AL 35601. The combination of an established office building, existing clinic use, parking, and access to available utilities creates a straightforward platform for continued office occupancy or a related medical-office application.
The building fronts Beltline Rd SW and benefits from visibility along the corridor. Its address is 2218 Beltline Rd SW, Decatur, AL 35601. The combination of an established office building, existing clinic use, parking, and access to available utilities creates a straightforward platform for continued office occupancy or a related medical-office application.
Key Highlights
- Approximately 3,115 square feet of office space
- Built in 1980
- Currently used as a veterinary clinic
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
$35,128
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
5.90%
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%
$702,560
$702.6K
Cap Rate 7%
$501,829
$501.8K
Cap Rate 9%
$390,311
$390.3K
Market Conditions
NOI Build-Up for 3,115 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
$65.4K $21.00/SF
− Vacancy
−$6.9K −$2.21/SF
EGI
$58.5K $18.80/SF
− OpEx
−$23.4K −$7.52/SF
NOI
$35.1K $11.28/SF
Area
Morgan County, AL
Vacancy
10.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
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%
$702,560
Cap Rate 7%
$501,829
Cap Rate 9%
$390,311
Alternative Uses
Best Use
Healthcare Medical
$501.8K
$439.1K – $585.5K
NOI $35,128 @ 7.0% cap · market cap 5.90%
Second Best
Office B
$453.0K
$396.4K – $528.5K
NOI $31,708 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$648.1K
$567.1K – $756.1K
NOI $45,364 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
199
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 - Existing veterinary clinic use, available utilities, and on-site parking provide a functional office setting.
Where is this office building located?
The property is located at 2218 Beltline Rd SW Decatur, AL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Approximately 3,115 square feet of office space; Built in 1980; Currently used as a veterinary clinic
