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    The Largest CRE Database in the US with Over 1 Million Listings

    2501 Auburn Dr Decatur, AL 35603

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    For Sale
    Contact for pricing

    Prime Decatur land, ready for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 213-acre commercial land offering in Decatur, Alabama presents a unique investment opportunity. Comprised of five parcels, this property boasts a strategic location in Decatur's fastest-growing southwest region, offering convenient access to major roadways and amenities. Two large parcels, totaling 165 acres (one 80 acres, one 85 acres), are connected to two smaller parcels (26 and 22 acres) to the south. The larger parcels are mostly flat farmland, ideal for large-scale development. The southern 26 and 22-acre parcels are partially wooded and situated on some of Decatur's highest points. The 26-acre parcel is zoned R3, allowing for lot sizes ranging from 7,000 to 10,000 square feet. The remaining four parcels are zoned A-G. All parcels are serviced by Decatur Utilities. An EPA assessment confirms minimal wetlands (0.17 acres) near Auburn Dr SW. The property's proximity to the Jack Allen Soccer Complex, major shopping areas, Austin High School (0.9 miles), Julian Harris Elementary (1 mile), and Austin Middle School (0.8 miles) enhances its appeal. Its location provides easy access to Huntsville, Alabama, within a 20-minute drive. This property is perfectly positioned for residential development and offers significant potential for future growth. The address is 2501 Auburn Dr SW, Decatur, AL 35603.

    Property Features for 2501 Auburn Dr

    General Information

    Property type
    Land

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    Listing Contact
    Phillip Chenault
    Phillip Chenault

    Learn more

    Property Insight Report

    HighLights

    • 213‑acre commercial land offering in Decatur, Alabama's rapidly growing southwest region.
    • Five contiguous parcels: two large (80 and 85 acres), mostly flat and ideal for large‑scale development; two smaller (26 and 22 acres), partially wooded, situated on high points.
    • 26‑acre parcel zoned R3 (7,000‑10,000 sq ft lots); remaining parcels zoned A‑G. All parcels serviced by Decatur Utilities.
    • Minimal wetlands (0.17 acres) per EPA assessment. Excellent proximity to Jack Allen Soccer Complex, major shopping, Austin High School (0.9 miles), Julian Harris Elementary (1 mile), and Austin Middle School (0.8 miles).
    • Convenient access to Huntsville (20‑minute drive). Address: 2501 Auburn Dr SW, Decatur, AL 35603.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -87.0312592
    Latitude
    34.5756316

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    FAQs

    What type of property is this?
    Land - Prime Decatur land, ready for development.
    Where is this land located?
    The property is located at 2501 Auburn Dr Decatur, AL.
    What are key features of this property?
    This property features: 213-acre commercial land offering in Decatur, Alabama's rapidly growing southwest region.; Five contiguous parcels: two large (80 and 85 acres), mostly flat and ideal for large-scale development; two smaller (26 and 22 acres), partially wooded, situated on high points.; 26-acre parcel zoned R3 (7,000-10,000 sq ft lots); remaining parcels zoned A-G. All parcels serviced by Decatur Utilities.
    (504) 715-7033
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    2501 Auburn Dr Decatur, AL 35603
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2501 Auburn Dr Decatur, AL 35603
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    We can help!
    Listing Contact
    Phillip Chenault
    Phillip Chenault
    Real Estate License ID: AL 000137416-0
    (504) 715-7033
    Learn more
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