Highway-Frontage
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3417 Highway 31 S, Decatur, AL 35603
CC-zoned warehouse site with ample parking and established commercial surroundings.
Property Size5,000 SF
Lot Size2.90 Acres
Price / SF$130
Days on Market8
Property Features for 3417 Highway 31 S
General Information
Standard status
Active
Size
5,000 SF
Lot size
2.90 Acres
Property subtype
Retail, Industrial
Zoning
CC
Occupancy
100%
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Warehouse Space
5,000 SF
Building Details
Year Built
1988
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Parker Real Estate LLC
(256) 353-1112
Listed By:
Jackson Parker · License #AL 000106208
Source:
Crexi
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 3:43AM
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 Parker Real Estate LLC
Investment Insights
Based on property information with market context.
This warehouse property includes 5,000 SF of building area on a 2.9-acre site. Constructed in 1988, the facility offers a substantial commercial footprint with on-site parking and more than 200 feet of frontage along Highway 31 S.
The property is located at 3417 Highway 31 S in Decatur, Alabama, within a commercial setting that includes multiple automotive-related businesses. Nearby business names identified in the property information include Kia, Ford, Buick-GMC dealerships, Smith Motors, and Quick Lane.
The property is located at 3417 Highway 31 S in Decatur, Alabama, within a commercial setting that includes multiple automotive-related businesses. Nearby business names identified in the property information include Kia, Ford, Buick-GMC dealerships, Smith Motors, and Quick Lane.
Key Highlights
- 5,000 SF warehouse on 2.9 acres
- Over 200 feet of frontage on Highway 31 S
- CC zoning designation
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
$29,470
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
4.53%
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%
$589,400
$589.4K
Cap Rate 7%
$421,000
$421.0K
Cap Rate 9%
$327,444
$327.4K
Market Conditions
NOI Build-Up for 5,000 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
$37.2K $7.44/SF
− Vacancy
−$2.5K −$0.51/SF
EGI
$34.7K $6.93/SF
− OpEx
−$5.2K −$1.04/SF
NOI
$29.5K $5.89/SF
Area
Morgan County, AL
Vacancy
6.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
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%
$589,400
Cap Rate 7%
$421,000
Cap Rate 9%
$327,444
Alternative Uses
Best Use
Warehouse
$421.0K
$368.4K – $491.2K
NOI $29,470 @ 7.0% cap · market cap 4.53%
Second Best
Industrial
$364.7K
$319.1K – $425.4K
NOI $25,526 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.04M
$910.2K – $1.21M
NOI $72,816 @ 7.0% cap · market cap 11.20%
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
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35603, AL
32,380
Population
14,509
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
71.0 sq mi
ZIP Area
456
Density / Sq Mi
$78,237
Median Household Income
$47,458
Median Earnings
$857
Median Rent
$235,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 31 Self Storage — 3511 Hwy 31 S, Decatur, AL 35603
- Wheeler Lake Store — 3512 6th Ave SE, Decatur, AL 35603
- Weaver's Mini Storage — 1111 Lenwood Rd SE, Decatur, AL 35603
Frequently Asked Questions
What type of property is this?
Warehouse - CC-zoned warehouse site with ample parking and established commercial surroundings.
Where is this warehouse located?
The property is located at 3417 Highway 31 S Decatur, AL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5,000 SF warehouse on 2.9 acres; Over 200 feet of frontage on Highway 31 S; CC zoning designation
