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    Property profile & analytics

    Spring Ave Decatur, AL 35603

    • Land
    • 33.00 lot acres
    For Sale
    View listing
    $899,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Spring Ave

    Lot size
    33.00 lot acres
    Property type
    Land

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -87.0008
    Latitude
    34.5296

    Comparable in this City

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      Presbyterian Dr

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    Similar Nearby for Lease

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    Spring Ave
    Decatur, AL 35603
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    Realmo Value Estimation

    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.

    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.

    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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