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    2721 Deere Rd Decatur, AL 35603

    For Sale
    $2,220,000

    32 Acres, Decatur, Alabama. Prime Development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 32-acre parcel, located at 2721 Deere Road in Decatur, Alabama, presents a remarkable opportunity for residential development. Priced at $2,220,000 ($60,937.50/acre), this property boasts favorable topography minimizing site preparation needs. Recent timber harvesting has streamlined the land, making it ready for immediate development. The land is ideally suited for single-family, multifamily, or build-to-rent projects. Its strategic location offers convenient access to major transportation arteries, being just 1.5 miles from I-65, Exit 334. Enjoy proximity to the vibrant Historic Downtown Decatur (seven miles away) and the bustling Downtown Huntsville (28 miles away). Recreational opportunities abound with the nearby Wheeler National Wildlife Refuge and numerous outdoor activities. Decatur's strong economic growth is further highlighted by its ranking as the 4th best city in the U.S. for home price appreciation and the 2nd best place to retire in Alabama (per USA Today). This property's location within 25 minutes of Huntsville, a leading metro area for business and economic growth, adds significant investment appeal. The 35603 zip code ensures a desirable address for future residents. This is a rare chance to acquire a substantial tract of land in a thriving Alabama community.

    Property Features for 2721 Deere Rd

    General Information

    Property type
    Land
    Lot Size
    1,393,920 SF

    HighLights

    • Excellent for single‑family, multifamily, and build‑to‑rent development.
    • 1.5 miles to I‑65, near Exit 334.
    • Close proximity to Wheeler National Wildlife Refuge and abundant outdoor recreation.
    • Decatur ranks highly nationally for home price appreciation and as a retirement destination.
    • 25‑minute commute to Huntsville, a leading US metro for business and economic growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Filtech-Woodland Inc. Machine Shop D.H. Griffin Companies General Contractor

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.91178146
    Latitude
    34.55268228

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    FAQs

    What type of property is this?
    Land - 32 Acres, Decatur, Alabama. Prime Development.
    Where is this land located?
    The property is located at 2721 Deere Rd Decatur, AL.
    What is the asking price?
    The asking price for this property is $2,220,000.
    What are key features of this property?
    This property features: Excellent for single-family, multifamily, and build-to-rent development.; 1.5 miles to I-65, near Exit 334.; Close proximity to Wheeler National Wildlife Refuge and abundant outdoor recreation.
    (205) 896-1021
    Request Owner's contact information
    2721 Deere Rd Decatur, AL 35603
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    Decatur, AL 35603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2721 Deere Rd Decatur, AL 35603
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