Automotive Property with Two
For Sale
$459,900
3807 Us Highway 31 S, Decatur, AL 35603
Metal commercial building with service bays, office space, customer lobby, restrooms, and paved parking for an automotive operation.
Property Size3,576 SF
Lot Size1.20 Acres
Price / SF$128.61
Days on Market32
Property Features for 3807 Us Highway 31 S
General Information
Standard status
Active
Size
3,576 SF
Lot size
1.20 Acres
Property subtype
Business Opportunity
Additional Details
Road Access
Yes
Amenities
two large bays
roll up doors
lobby and office
two bathrooms
road frontage
paved parking
Building Details
Buildings
1
Construction
metal
Listing Agency:
Coldwell Banker Mcmillan
(256) 340-0222
Listed By:
Shelia Cotharin · License #83375
(256) 566-9127
Source:
Exprealty
Added: Sep 10
Changed: Oct 9
Last Checked: Oct 11 at 8:04AM
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
Investment Insights
Based on property information with market context.
This automotive property includes a 3,576-square-foot metal building configured for vehicle sales and related operations. The layout provides two large bays measuring 30 by 40 feet each, with roll-up doors, along with a 49-by-10-foot lobby and office area. Two bathrooms complete the building’s functional interior arrangement.
The site contains 1.2 acres with 250 feet of road frontage and a 250-by-220-foot lot. Paved parking supports customer and vehicle access, while the property’s position between Decatur and Flint provides a location along U.S. Highway 31 South. The existing configuration combines sales, administrative, customer-facing, and vehicle-related space in one facility.
The site contains 1.2 acres with 250 feet of road frontage and a 250-by-220-foot lot. Paved parking supports customer and vehicle access, while the property’s position between Decatur and Flint provides a location along U.S. Highway 31 South. The existing configuration combines sales, administrative, customer-facing, and vehicle-related space in one facility.
Key Highlights
- 3,576‑square‑foot metal building configured for automotive use
- 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.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
111
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
0.1 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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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 commercial building with service bays, office space, customer lobby, restrooms, and paved parking for an automotive operation.
Where is this automotive property located?
The property is located at 3807 Us 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 configured for automotive use; Two 30 x 40 bays with roll‑up doors; 49 x 10 lobby and office area
