Decatur Office Space For
431 Johnston St SE Decatur, AL 35601
431 Johnston St SE, Decatur, AL, 35601
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For Sale
Contact for pricing
4,100 sqft office space available in Decatur, Alabama.
Property Size4,100 SF
Price / SF$218.29
Days on Market133
Property Features for 431 Johnston St SE
General Information
- Standard status
- Active
- Size
- 4,100 SF
- Property subtype
- Office, Special Purpose
Building Details
- Year Built
- 1978
Listing Agency
Gateway Commercial Brokerage
(256) 355-0721
Listed by
Tillman Hurst · License #000163336-0
Source
Crexi
Added: Mar 5 Checked: Jul 16 at 11:51 am
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 Gateway Commercial Brokerage
Investment Insights
Based on property information with market context.
This commercial property offers 4,100 square feet of office space and is located in Decatur, Alabama.
Key Highlights
- Office Space available
- 4,100 SqFt of space
- Built in 1978
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.3k | $17.40 |
| − Vacancy | −$15.7k | −$3.83 |
| EGI | $55.6k | $13.57 |
| − OpEx | −$13.9k | −$3.39 |
| NOI | $41.7k | $10.18 |
4,100 SF · lease $17.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$596.2K
$521.7K – $695.6K
NOI $41,734 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$853.0K
$746.4K – $995.2K
NOI $59,709 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
wanda morgan cosmetic ...
Dental Office
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FAQs
What type of property is this?
Office space - 4,100 sqft office space available in Decatur, Alabama.
Where is this office space located?
The property is located at 431 Johnston St SE Decatur, AL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Office Space available; 4,100 SqFt of space; Built in 1978
