Automotive Building with Two
3807 HIGHWAY 31 S, Decatur, AL 35603
For Sale
$459,900
Commercial Sale, DECATUR, AL
Property Size3,576 SF
Lot Size1.20 Acres
Price / SF$128.61
Days on Market64
Property Features for 3807 HIGHWAY 31 S
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking features
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Automotive Uses
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Amenities
Lobby and office
Two bathrooms
Paved parking
Building Details
Year built
Floors in Building
Flooring type
Buildings
Listing Agency:
Coldwell Banker McMillan · Coldwell Banker Real Estate
(256) 340-0222
Listed By:
Shelia Cotharin · License AL #83375
(256) 566-9127
Added: Sep 10
Changed: Nov 7
Last Checked: Nov 12 at 6:06AM
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.
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.
This metal automotive building contains 3,576 square feet and is currently used for car sales. Two 30-by-40-foot bays have roll-up doors, with a 49-by-10-foot lobby and office area and two bathrooms. The building was constructed in 1986 and has concrete flooring and natural gas heating.
The 1.2-acre property measures 250 by 220 feet and has 250 feet of road frontage. It sits between Decatur and Flint, with paved parking on site.
The 1.2-acre property measures 250 by 220 feet and has 250 feet of road frontage. It sits between Decatur and Flint, with paved parking on site.
Key Highlights
- 3,576‑square‑foot metal building
- Two 30‑by‑40‑foot bays, each with a roll‑up door
- 49‑by‑10‑foot lobby and office area; two bathrooms
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 - The property includes paved parking and is currently configured for car sales.
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; Two 30‑by‑40‑foot bays, each with a roll‑up door; 49‑by‑10‑foot lobby and office area; two bathrooms
