Open-Plan Mixed-Use
430 JOHNSTON ST SE, Decatur, AL 35601
For Sale
Contact for pricing
The expansive interior is arranged as an open commercial floor plan.
Property Size24,000 SF
Price / SF$104.17
Days on Market18
Property Features for 430 JOHNSTON ST SE
General Information
Standard status
Size
Property subtype
Building Details
Buildings
Building Size
Listing Agency:
Keller Williams Realty Huntsville
Listed By:
Cooper Schrimsher · License #129802
(256) 652-6300
Source:
Crexi
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 3:04PM
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 Keller Williams Realty Huntsville
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Investment Insights
Based on property information with market context.
At 430 Johnston St SE in Decatur, this mixed-use property contains a 24,000-square-foot building. Its open interior plan offers flexibility for a range of commercial concepts, including office, event, institutional, and creative uses, subject to applicable zoning and approvals.
Key Highlights
- 24,000‑square‑foot building
- Open interior plan
- Located at 430 Johnston St SE in Decatur
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,475
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,969,500
$4.0M
Cap Rate 7%
$2,835,357
$2.8M
Cap Rate 9%
$2,205,278
$2.2M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$316.8K $13.20/SF
− Vacancy
−$33.3K −$1.39/SF
EGI
$283.5K $11.81/SF
− OpEx
−$85.1K −$3.54/SF
NOI
$198.5K $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%
$3,969,500
Cap Rate 7%
$2,835,357
Cap Rate 9%
$2,205,278
Alternative Uses
Best Use
Retail
$2.84M
$2.48M – $3.31M
NOI $198,475 @ 7.0% cap · market cap 7.94%
Second Best
Mixed Use
$2.38M
$2.08M – $2.77M
NOI $166,320 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$4.99M
$4.37M – $5.83M
NOI $349,517 @ 7.0% cap · market cap 13.98%
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
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
76k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 38%
Hotels & Casinos 1%
Jack's Family Restaurants
Dining
14,904 visits/mo
0.3 miles
Mellow Mushroom
Dining
9,527 visits/mo
0.3 miles
Texaco
Shops & Services
7,260 visits/mo
0.4 miles
Hardee's
Dining
7,146 visits/mo
0.4 miles
Exxon
Shops & Services
7,093 visits/mo
0.3 miles
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
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - The expansive interior is arranged as an open commercial floor plan.
Where is this mixed-use property located?
The property is located at 430 JOHNSTON ST SE Decatur, AL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 24,000‑square‑foot building; Open interior plan; Located at 430 Johnston St SE in Decatur
