Decatur Office/Warehouse Building For
For Sale
Contact for pricing
2461 State Hwy 20, Decatur, AL 35601
Office/warehouse building in high-traffic Decatur area with loading dock.
Property Size9,600 SF
Price / SF$72.92
Days on Market782
Property Features for 2461 State Hwy 20
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Industrial
Zoning
County
Building Details
Year Built
1984
Buildings
1
Stories
1
Listing Agency:
Russ Russell Commercial Real Estate
Listed By:
Russ Russell · License #AL000025965-1
(256) 536-7777
Source:
Crexi
Added: Aug 27, 2024
Changed: Oct 3
Last Checked: Oct 16 at 7:54AM
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 Russ Russell Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,600-square-foot office/warehouse building is located in a high-traffic area of Decatur. The property features a loading dock and a roll-up door.
Key Highlights
- Office/Warehouse Building available
- High Traffic Area offers excellent visibility
- Loading Dock for convenient shipping and receiving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,582
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,131,640
$1.1M
Cap Rate 7%
$808,314
$808.3K
Cap Rate 9%
$628,689
$628.7K
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$71.4K $7.44/SF
− Vacancy
−$4.9K −$0.51/SF
EGI
$66.6K $6.93/SF
− OpEx
−$10.0K −$1.04/SF
NOI
$56.6K $5.89/SF
Area
Morgan County, AL
Vacancy
6.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,131,640
Cap Rate 7%
$808,314
Cap Rate 9%
$628,689
Alternative Uses
Best Use
Warehouse
$808.3K
$707.3K – $943.0K
NOI $56,582 @ 7.0% cap · market cap 8.08%
Second Best
Industrial
$700.1K
$612.6K – $816.8K
NOI $49,009 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,807 @ 7.0% cap · market cap 19.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- HIM Self-Storage — 2600 Beltline Rd SW, Decatur, AL 35601
- P48 Storage — 2598 Beltline Rd SW, Decatur, AL 35601
- Cagle Mini Storage — 1837 Moulton St W, Decatur, AL 35601
- WillScot — 302 Beltline Rd NW, Decatur, AL 35601
Frequently Asked Questions
What type of property is this?
Warehouse - Office/warehouse building in high-traffic Decatur area with loading dock.
Where is this warehouse located?
The property is located at 2461 State Hwy 20 Decatur, AL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Office/Warehouse Building available; High Traffic Area offers excellent visibility; Loading Dock for convenient shipping and receiving
