Automotive Repair
For Sale
$2,000,000
302 6th Avenue NE, Decatur, AL 35601
The site previously operated as a transmission repair business for decades.
Property Size13,000 SF
Price / SF$153.85
Days on Market143
Property Features for 302 6th Avenue NE
General Information
Standard status
Active
Size
13,000 SF
Property subtype
COMMERCIAL
Additional Details
Real Estate Included
Yes
Building Details
Building Size
13,000 SF
Year Built
1986
Listing Agency:
Re/Max Unlimited
Listed By:
Robin Williams · License #121044
(256) 990-0113
Source:
Intownpartners
Added: Jun 10
Changed: Oct 27
Last Checked: Oct 27 at 3:41AM
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 Re/Max Unlimited
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 302 6th Avenue NE in Decatur, this automotive property was built in 1986. The site served as a transmission repair business for decades, offering a history of automotive service use at this address.
Key Highlights
- Built in 1986
- Operated as a transmission repair business for decades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,507
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,150,140
$2.2M
Cap Rate 7%
$1,535,814
$1.5M
Cap Rate 9%
$1,194,522
$1.2M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$171.6K $13.20/SF
− Vacancy
−$18.0K −$1.39/SF
EGI
$153.6K $11.81/SF
− OpEx
−$46.1K −$3.54/SF
NOI
$107.5K $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%
$2,150,140
Cap Rate 7%
$1,535,814
Cap Rate 9%
$1,194,522
Alternative Uses
Best Use
Retail
$1.54M
$1.34M – $1.79M
NOI $107,507 @ 7.0% cap · market cap 5.38%
Second Best
Industrial
$948.1K
$829.6K – $1.11M
NOI $66,366 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$2.70M
$2.37M – $3.16M
NOI $189,322 @ 7.0% cap · market cap 9.47%
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
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
4,331 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Windshield — 625 2nd Ave SE, Decatur, AL 35601
- J&F Auto — Moulton St W, Decatur, AL 35601
- P & G Auto Services — 1705 Moulton St W, Decatur, AL 35601
- Ferguson and Ferguson Attorneys at Law — 211 oak st ne, decatur, al 35603
- Swanson's Auto Services — 1247-1201 3rd St NW, Decatur, AL 35601
Frequently Asked Questions
What type of property is this?
Auto shop - The site previously operated as a transmission repair business for decades.
Where is this auto shop located?
The property is located at 302 6th Avenue NE Decatur, AL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Built in 1986; Operated as a transmission repair business for decades
