Decatur Office/Warehouse Building For
2461 State Hwy 20 Decatur, AL 35601
2461 State Hwy 20, Decatur, AL, 35601
Contact for pricing
For Sale
Contact for pricing
Office/warehouse building in high-traffic Decatur area with loading dock.
Property Size9,600 SF
Price / SF$72.92
Days on Market690
Property Features for 2461 State Hwy 20
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1984
Listing Agency
Russ Russell Commercial Real Estate
(256) 536-7777
Listed by
Russ Russell · License #AL000025965-1
Source
Crexi
Added: Aug 27, 2024 Checked: Jul 17 at 3:54 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 Russ Russell Commercial Real Estate
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
Local Financial Insights For Warehouse
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 | $71.4k | $7.44 |
| − Vacancy | −$4.9k | −$0.51 |
| EGI | $66.6k | $6.93 |
| − OpEx | −$10.0k | −$1.04 |
| NOI | $56.6k | $5.89 |
9,600 SF · lease $7.44/SF/yr · vacancy 6.80% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- 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
- HIM Self-Storage — 2600 Beltline Rd SW, Decatur, AL 35601
FAQs
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
