0 Cedar Ridge Dr Decatur, AL 35603
This exceptional 22-acre agricultural land parcel presents a significant development opportunity in Decatur, Alabama's rapidly expanding southwest region. Situated near major roadways and amenities, this property offers convenient access to I-65 North (47,391 VPD) and Highway 67 (29,288 VPD), placing future residents within a 20-minute drive of Huntsville. The land is adjacent to the Jack Allen Soccer Complex and major shopping areas, and is also within close proximity to Austin High School (0.9 miles), Julian Harris Elementary (1 mile), and Cedar Ridge Middle School (0.8 miles). Currently undeveloped and covered in timber, this high-elevation land is part of a larger 213-acre tract, including two other parcels of 26 and 85 acres respectively. Development will require road extension (Cedar Ridge Road), clearing, and the installation of water and sewer infrastructure. Decatur Utilities provides water, sewer, gas, electricity, and fiber. Given Decatur's robust growth and Huntsville's overflow, this property is ideally suited for various residential developments, including townhomes, patio homes, condominiums, luxury apartments, or even retail space. The property's location also presents an opportunity for an extension of the Decatur City Park system. The property is zoned for agricultural use. Decatur, the largest city and county seat of Morgan County, boasts a 2021 population estimate of 57,804 and a median household income of $49,296. Its proximity to the thriving Huntsville job market and its relatively low cost of living make it an attractive location for residential development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.