Decatur Office Space For
For Sale
$850,000
431 Johnston St SE, Decatur, AL 35601
4,100 sqft office space available in Decatur, Alabama.
Property Size4,100 SF
Price / SF$207.32
Days on Market203
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Property Features for 431 Johnston St SE
General Information
Standard status
Active
Size
4,100 SF
Class
A
Property subtype
Office
Building Details
Building Size
4,100 SF
Year Built
1978
Listed By:
Tillman Hurst · License #AL #000163336-0
(256) 355-0721
Source:
Gatewaycommercial
Added: Mar 27
Changed: Oct 13
Last Checked: Oct 14 at 9:09PM
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 Tillman Hurst
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,734
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,680
$834.7K
Cap Rate 7%
$596,200
$596.2K
Cap Rate 9%
$463,711
$463.7K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$71.3K $17.40/SF
− Vacancy
−$15.7K −$3.83/SF
EGI
$55.6K $13.57/SF
− OpEx
−$13.9K −$3.39/SF
NOI
$41.7K $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%
$834,680
Cap Rate 7%
$596,200
Cap Rate 9%
$463,711
Alternative Uses
Best Use
Office B
$596.2K
$521.7K – $695.6K
NOI $41,734 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$853.0K
$746.4K – $995.2K
NOI $59,709 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Smart Fox Solutions Inc — 426 moulton st e, decatur, al 35601
Frequently Asked Questions
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 $850,000.
What are key features of this property?
This property features: Office Space available; 4,100 SqFt of space; Built in 1978
