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Property profile & analytics
OFF-MARKET
Land

0 Spring Ave Decatur, AL 35603

33 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 33-acre parcel, situated on Spring Avenue SW in Decatur, Alabama (zip code 35603), presents a remarkable opportunity for residential development. The property, identified by APN numbers 120-41-80-00-0-009-000 and 120-41-80-00-0-009-001, is zoned R5, making it perfectly suited for patio home construction. The land boasts gently rolling topography, largely flat and easily developable, significantly reducing construction costs and timelines. This ease of development translates to a faster return on investment. Located in Morgan County, this 33-acre tract offers a prime location within Decatur, providing convenient access to local amenities and infrastructure. The asking price for this exceptional development opportunity is $899,000. This property is a blank canvas for a lucrative residential project, promising significant returns for the discerning investor or developer. The flat terrain simplifies the construction process, making it an attractive option for efficient and cost-effective development.

Property profile
Verified
Property type Land
Lot 33 ac (1,437,480 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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