Automotive Property with Service
For Sale
$459,900
3807 Highway 31 S, Decatur, AL 35603
Metal automotive building with two roll-up bays, lobby, office space, restrooms, and paved parking.
Property Size3,576 SF
Lot Size1.20 Acres
Price / SF$128.61
Days on Market51
Property Features for 3807 Highway 31 S
General Information
Standard status
Active
Size
3,576 SF
Lot size
1.20 Acres
Property subtype
Commercial/Industrial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,501
Amenities
two large bays
roll-up doors
lobby
office
two bathrooms
paved parking
Building Details
Year Built
1986
Buildings
1
Construction
metal
Listing Agency:
Coldwell Banker McMillan
(256) 340-0222
Listed By:
Shelia Cotharin · License #83375
(256) 566-9127
Source:
Exitrealty
Added: Sep 12
Changed: Oct 25
Last Checked: Sep 29 at 8:30AM
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 Coldwell Banker McMillan
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 3807 Highway 31 S in Decatur, this automotive property includes a 3,576-square-foot metal building constructed in 1986. The building is currently used for car sales and provides two large bays, each measuring 30 by 40 feet, with roll-up doors. Interior areas include a 49-by-10-foot lobby and office, along with two bathrooms.
The property occupies 1.2 acres with a 250-by-220-foot configuration and 250 feet of road frontage. Paved parking is provided on site. The location is identified as being between Decatur and Flint, offering a highway-address setting for the existing automotive use.
The property occupies 1.2 acres with a 250-by-220-foot configuration and 250 feet of road frontage. Paved parking is provided on site. The location is identified as being between Decatur and Flint, offering a highway-address setting for the existing automotive use.
Key Highlights
- 3,576‑square‑foot metal building constructed in 1986
- Two 30‑by‑40‑foot bays with roll‑up doors
- 49‑by‑10‑foot lobby and office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,573
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,460
$591.5K
Cap Rate 7%
$422,471
$422.5K
Cap Rate 9%
$328,589
$328.6K
Market Conditions
NOI Build-Up for 3,576 SF
Gross rent
$47.2K $13.20/SF
− Vacancy
−$5.0K −$1.39/SF
EGI
$42.2K $11.81/SF
− OpEx
−$12.7K −$3.54/SF
NOI
$29.6K $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%
$591,460
Cap Rate 7%
$422,471
Cap Rate 9%
$328,589
Alternative Uses
Best Use
Retail
$422.5K
$369.7K – $492.9K
NOI $29,573 @ 7.0% cap · market cap 6.43%
Second Best
Industrial
$260.8K
$228.2K – $304.3K
NOI $18,256 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$744.0K
$651.0K – $868.0K
NOI $52,078 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Champion Of Decatur, Inc.
Shops & Services
1,768 visits/mo
0.2 miles
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 Retail in South region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 4207 6th Ave SE, Decatur, AL 35603
- U-Haul Neighborhood Dealer — 3503 Hwy 31 S, Decatur, AL 35603
Frequently Asked Questions
What type of property is this?
Automotive property - Metal automotive building with two roll-up bays, lobby, office space, restrooms, and paved parking.
Where is this automotive property located?
The property is located at 3807 Highway 31 S Decatur, AL.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: 3,576‑square‑foot metal building constructed in 1986; Two 30‑by‑40‑foot bays with roll‑up doors; 49‑by‑10‑foot lobby and office area
