Historic Two-Story Office
For Sale
$1,986,753
414 Bank Street, Decatur, AL 35601
Commercial Sale, Decatur, AL
Property Size11,500 SF
Lot Size0.52 Acres
Price / SF$172.76
Days on Market48
Property Features for 414 Bank Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Security features
Security System
Subdivision
Old Decatur
Standard status
Active
APN
0304184019008.000
Size
11,500 SF
Lot size
0.52 Acres
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Water source
Public
Building Details
Year built
1922
Floors in Building
2
Flooring type
Carpet, Stone, Tile, Hardwood
Listing Agency:
MARMAC COMMERCIAL REAL ESTATE
Listed By:
Mark Mizell
Added: Sep 2
Changed: Sep 30
Last Checked: Oct 19 at 7:06PM
MLS# 11962383
Copyright © 2026 My State MLS. 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.
Built in 1922, this office property combines historic character with a functional commercial layout. The building contains 11,500 square feet across two stories and a full-sized finished basement, with space suited to offices, meetings, storage, and additional workspace. Hardwood, stone, carpet, and tile flooring are present, while an existing kitchen and bathrooms support day-to-day occupancy.
Located at 414 Bank Street in Decatur’s historic district, the property occupies approximately 0.5152 acres near downtown shops, restaurants, and other amenities. Public water service is in place, and the former post office use contributes distinctive architectural character to a centrally positioned office building.
Located at 414 Bank Street in Decatur’s historic district, the property occupies approximately 0.5152 acres near downtown shops, restaurants, and other amenities. Public water service is in place, and the former post office use contributes distinctive architectural character to a centrally positioned office building.
Key Highlights
- 11,500‑square‑foot office building constructed in 1922
- Two stories plus a full‑sized finished basement
- Former post office in Decatur’s historic district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,058
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,341,160
$2.3M
Cap Rate 7%
$1,672,257
$1.7M
Cap Rate 9%
$1,300,644
$1.3M
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$200.1K $17.40/SF
− Vacancy
−$44.0K −$3.83/SF
EGI
$156.1K $13.57/SF
− OpEx
−$39.0K −$3.39/SF
NOI
$117.1K $10.18/SF
Area
Morgan County, AL
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,341,160
Cap Rate 7%
$1,672,257
Cap Rate 9%
$1,300,644
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.95M
NOI $117,058 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,477 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Explore this area
Business Placement
Demographics for 35601, AL
34,958
Population
15,168
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
77%
High-School Grad
26.5 sq mi
ZIP Area
1,319
Density / Sq Mi
$50,216
Median Household Income
$33,438
Median Earnings
$860
Median Rent
$148,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Finished basement, kitchen, and bathrooms support a practical professional workspace.
Where is this office building located?
The property is located at 414 Bank Street Decatur, AL.
What is the asking price?
The asking price for this property is $1,986,753.
What are key features of this property?
This property features: 11,500‑square‑foot office building constructed in 1922; Two stories plus a full‑sized finished basement; Former post office in Decatur’s historic district
