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    Decatur Office/Warehouse Building For Sale Title is generated by Realmo AI

    2461 State Hwy 20, Decatur, AL 35601

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    Office/warehouse building in high-traffic Decatur area with loading dock.

    Type:Industrial
    Property size:
    9,600 SF
    Price / SF:
    $72/SF
    Added:
    Aug 27, 2024
    Days on Market:
    645
    Last Refresh:
    May 12 at 9:06 pm

    Property Features for 2461 State Hwy 20

    General Information

    Standard status
    Active
    Size
    9,600 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1984

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    Listing Contact
    Russ Russell

    Listing agent Russ Russell License #AL000025965-1

    Listing office Russ Russell Commercial Real Estate

    Listing date Aug 27, 2024

    Source Crexi

    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 Russ Russell Commercial Real Estate

    HighLights

    • Office/Warehouse Building available
    • High Traffic Area offers excellent visibility
    • Loading Dock for convenient shipping and receiving
    • Roll‑Up Door provides easy access
    • Located in Decatur
    • Built in 1984

    Overview

    This 9,600-square-foot office/warehouse building is located in a high-traffic area of Decatur. The property features a loading dock and a roll-up door.

    Local Financial Insights For Warehouse

    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 $71.4k $7.44
    − Vacancy −$4.9k −$0.51
    EGI $66.6k $6.93
    − OpEx −$10.0k −$1.04
    NOI $56.6k $5.89
    9,600 SF · lease $7.44/SF/yr · vacancy 6.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $808.3K
    $707.3K – $943.0K (±1% cap)
    NOI $56,582 @ 7.0% cap · market cap 8.08%
    Second Best
    Industrial
    $700.1K
    $612.6K – $816.8K (±1% cap)
    NOI $49,009 @ 7.0% cap · market cap 7.00%
    Theoretical Best
    Office A
    $2.00M
    $1.75M – $2.33M (±1% cap)
    NOI $139,807 @ 7.0% cap · market cap 19.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • P48 Storage 2598 Beltline Rd SW, Decatur, AL 35601
    • Cagle Mini Storage 1837 Moulton St W, Decatur, AL 35601
    • WillScot 302 Beltline Rd NW, Decatur, AL 35601
    • HIM Self-Storage 2600 Beltline Rd SW, Decatur, AL 35601

    Map

    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -87.0231
    Latitude
    34.6075

    FAQs

    What type of property is this?
    Warehouse - Office/warehouse building in high-traffic Decatur area with loading dock.
    Where is this warehouse located?
    The property is located at 2461 State Hwy 20 Decatur, AL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Office/Warehouse Building available; High Traffic Area offers excellent visibility; Loading Dock for convenient shipping and receiving
    More about this property
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