Transmission Repair Auto
For Sale
$2,000,000
302 6th Avenue NE, Decatur, AL 35601
Former transmission repair facility with long-term operation history, established infrastructure, and high exposure for automotive use.
Property Size13,000 SF
Price / SF$153.85
Days on Market78
Property Features for 302 6th Avenue NE
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Commercial
Building Details
Building Size
13,000 SF
Year Built
1986
Buildings
3
Stories
1
Listing Agency:
Re/Max Unlimited
(256) 327-7600
Listed By:
Robin Williams · License #121044
Source:
Alabamaland
Added: Jun 10
Changed: Aug 11
Last Checked: Aug 25 at 8:24AM
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
Investment Insights
Based on property information with market context.
The property is a high-exposure automotive facility that was formerly home to a long-established transmission repair shop operating for decades at this location. The site is described as having the functionality and infrastructure associated with transmission repair operations.
The offering is positioned as a commercially accessible location with exceptional exposure. The provided address is 302 6th Avenue NE, Decatur, AL 35601.
For-sale details indicate a commercial property size of 13,000 and a listed price of $2,000,000, with the opportunity to acquire a long-running auto shop site and repurpose it for a related operation or other compatible commercial use.
The offering is positioned as a commercially accessible location with exceptional exposure. The provided address is 302 6th Avenue NE, Decatur, AL 35601.
For-sale details indicate a commercial property size of 13,000 and a listed price of $2,000,000, with the opportunity to acquire a long-running auto shop site and repurpose it for a related operation or other compatible commercial use.
Key Highlights
- Year built: 1986
- Former transmission repair facility with long‑term operation history at the same location
- Established transmission shop infrastructure suitable for automotive‑related use
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
$107,507
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
5.38%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Former transmission repair facility with long-term operation history, established infrastructure, and high exposure for automotive use.
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: Year built: 1986; Former transmission repair facility with long‑term operation history at the same location; Established transmission shop infrastructure suitable for automotive‑related use
