Automotive Property With Service
For Sale
$459,900
3807 Highway 31 S, Decatur, AL 35603
Business Opportunity, Decatur, AL
Property Size3,576 SF
Lot Size1.20 Acres
Price / SF$128.61
Days on Market49
Property Features for 3807 Highway 31 S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Directions
Take Hwy 31 South Past Beltline Road/Hwy 67. Property On Right Just After Dealerships.
Standard status
Active
APN
1203080000006.001
Size
3,576 SF
Lot size
1.20 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
two large bays
roll up doors
lobby
office
two bathrooms
paved parking
Building Details
Year built
1986
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Coldwell Banker Mcmillan · Coldwell Banker Real Estate
(256) 340-0222
Listed By:
Shelia Cotharin · License #83375
(256) 566-9127
Added: Sep 10
Changed: Oct 17
Last Checked: Oct 28 at 9:06AM
MLS# 21928833
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,576-square-foot metal automotive building was constructed in 1986 and is currently used for car sales. The layout includes two large bays measuring 30 x 40 each, roll-up doors, a 49 x 10 lobby and office area, two bathrooms, and concrete flooring. Paved parking supports the property’s current automotive use.
Located at 3807 Highway 31 S in Decatur, the property sits between Decatur and Flint with 250 feet of road frontage. The 1.2-acre site measures 250 x 220 and is served by public water and public sewer. The property is classified within automotive properties and includes a dedicated parking lot.
Located at 3807 Highway 31 S in Decatur, the property sits between Decatur and Flint with 250 feet of road frontage. The 1.2-acre site measures 250 x 220 and is served by public water and public sewer. The property is classified within automotive properties and includes a dedicated parking lot.
Key Highlights
- 3,576‑square‑foot metal building constructed in 1986
- Two 30 x 40 bays with roll‑up doors
- 49 x 10 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
Who owns this building?
See the owner, sales and loan history
Open 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
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
- 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 building with paved parking, office space, two bathrooms, and public water and sewer.
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 x 40 bays with roll‑up doors; 49 x 10 lobby and office area
