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    621 Decatur St Montgomery, AL 36104

    For Sale
    $2,434,000

    86,930 SF Warehouse, 4 Acres, Alabama

    Property size:
    86,930 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional industrial property, located at 621 N Decatur St in Montgomery, Alabama, presents a compelling investment opportunity. The 86,930 square foot building sits on a four-acre lot and features a 5,816 square foot office space complete with a break room, kitchenette, and bathrooms. The warehouse itself boasts 81,114 square feet of space, ideal for distribution or storage. Built in 1930 and renovated in 1977, the structure includes a raised concrete slab floor, creating dock-high loading on the north and west sides. Two loading docks with two dock-high doors provide efficient access. The warehouse features a 22' to 28' ceiling height, suspended fluorescent and halogen lighting, and cooling fans. The exterior includes a gated, chain-link fenced one-acre yard and a 20-space parking lot. The office area benefits from central heating and air conditioning. The building's construction is primarily steel frame with metal siding and a combination built-up and metal roof. The property is zoned for light industrial use. Currently leased until March 1, 2025, this property offers a strong potential for immediate income and long-term growth. The asking price is $2,434,000, translating to $28 per square foot. This well-maintained facility is ready for immediate occupancy upon lease expiration.

    Property Features for 621 Decatur St

    General Information

    Property type
    Distribution properties
    Square Feet
    86,930 SF
    Lot Size
    174,240 SF

    Building Details

    Year Built/Renovated
    1930/1977
    Buildings
    1
    Stories
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grosouth Landscaping Supply Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.302856334004
    Latitude
    32.384722879122

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    FAQs

    What type of property is this?
    Distribution property - 86,930 SF Warehouse, 4 Acres, Alabama
    Where is this distribution property located?
    The property is located at 621 Decatur St Montgomery, AL.
    What is the asking price?
    The asking price for this property is $2,434,000.
    Request Owner's contact information
    621 Decatur St Montgomery, AL 36104
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    Montgomery, AL 36104
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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
    621 Decatur St Montgomery, AL 36104
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