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    Property profile & analytics

    Beltline Rd And Hwy 20 Decatur, AL 35601

    • Land
    • 4.24 lot acres
    For Sale
    View listing
    $1,610,200
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Beltline Rd And Hwy 20

    Lot size
    4.24 lot acres
    Property type
    Land

    Description

    This exceptional 4.24-acre commercial land parcel is strategically located at the busy intersection of Beltline Road and Highway 20 in Decatur, Alabama (zip code 35601), within Morgan County. The property is zoned County and offers significant development potential. The asking price is $1,610,200, translating to a price per acre ranging from $384,676.92 to $395,604.4. The site is conveniently situated approximately 5.5 miles from US Highway 31, providing easy access to interstates I-565 and I-65. High traffic volume is a key feature, with a 2020 Alabama Department of Transportation (ALDOT) traffic count of 28,029 vehicles on Highway 20 and 21,608 vehicles on Beltline Road. The property is also divisible, with potential for separate acquisitions: Tract 1 encompasses approximately 3.25 acres, priced at $1,250,200, and Tract 2 comprises approximately 0.91 acres, priced at $360,000. This prime location presents a compelling opportunity for retail development in a high-growth area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -87.0309
    Latitude
    34.6191

    Comparable in this City

    • Value Estimation by Request
      1.24 Acres

      2509 Highway 31

      Land • 1.24 Acres
      2509 Highway 31, Decatur, AL 35601
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    • Value Estimation by Request
      2.00 Acres

      Modaus Rd / Beltline Rd / Fairground Rd

      Land • 2.00 Acres
      0 Modaus Rd / Beltline Rd / Fairground Rd, Decatur, AL 35601
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      2.00 Acres

      Beltline Rd

      Land • 2.00 Acres
      0 Beltline Rd, Decatur, AL 35601
      View Details
    • Value Estimation by Request
      44.50 Acres

      I-65 Intersection

      Land • 44.50 Acres
      I-65 Intersection, Decatur, AL 35601
      View Details
    • Value Estimation by Request
      72.00 Acres

      183 Trinity Ln

      Land • 72.00 Acres
      183 Trinity Ln, Decatur, AL 35601
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    • Value Estimation by Request
      1.00 Acre

      Steed Rd

      Land • 1.00 Acre
      0 Steed Rd, Decatur, AL 35601
      View Details

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    Similar Nearby for Lease

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      379,000 SF

      Decatur Mall Retail Spaces Available

      High-traffic retail spaces in Decatur, AL.
      1801 Beltline Rd, Decatur, AL 35601
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    • $144 SF/Yr
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      Retail Space in Decatur Plaza

      Grocery-anchored retail center with excellent visibility in Decatur, Alabama.
      1682 Beltline Rd SW, Decatur, AL 35601
      View Details
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    Beltline Rd And Hwy 20
    Decatur, AL 35601
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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
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