Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Plum Tree Ctr Decatur, AL 35601

    • Lifestyle centers
    • 124,900 SF
    For Lease
    View listing
    $153 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Plum Tree Ctr

    Property size
    124,900 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Plum Tree Center, located at the intersection of Beltline Road SW and Spring Avenue in Decatur, Alabama (zip code 35601), presents a unique investment opportunity. This Class B shopping center boasts approximately 124,900 square feet of retail space situated along one of Decatur's busiest thoroughfares. Currently, 7,020 square feet of retail space is available, divisible into units ranging from a minimum of 1,500 square feet to a maximum contiguous space of 2,400 square feet. The property is zoned B-2, allowing for a variety of retail uses. The center enjoys a strong tenant mix, including established businesses such as Auto Zone, Aaron's, H&R Block, Salon Centric, Red Pier Cajun Seafood & Bar, Pizza Hut, Buddy's Home Furnishings, and Wells Fargo Bank, as well as the recently added 7 Brew Coffee. This diverse tenant base contributes to a stable and attractive investment profile. The property's high-traffic location and established tenant occupancy make it an ideal opportunity for businesses seeking exposure in a thriving retail market. The available space offers excellent visibility and accessibility, making it an attractive proposition for a variety of retail concepts. Interested parties are encouraged to inquire about lease terms and availability. This is a prime opportunity to secure retail space in a well-established and successful shopping center in a growing Alabama market.

    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
    -87.0049
    Latitude
    34.5615

    Comparable in this City

    • Value Estimation by Request
      36,737 SF

      2914 Mallard Ln

      Neighborhood centers • 36,737 SF
      2914 Mallard Ln, Decatur, AL 35601
      View Details
    • Value Estimation
      $240,000
      12,500 SF

      601 Memorial SW Dr

      MINI-MALL • 12,500 SF
      601 Memorial SW Dr, Decatur, AL 35601-2859
      View Details
    • Value Estimation by Request
      156,515 SF

      Gtwy Shopping Ctr

      Neighborhood centers • 156,515 SF
      0 Gtwy Shopping Ctr, Decatur, AL 35601
      View Details
    • Value Estimation
      $1,020,000
      90,211 SF

      2009 Beltline SW Rd

      SHOPPING CENTER, STRIP CENTER • 90,211 SF
      2009 Beltline SW Rd, Decatur, AL 35601-6261
      View Details
    • Value Estimation
      $245,000
      7,520 SF

      407 3rd SW St

      SHOPPING CENTER, STRIP CENTER • 7,520 SF
      407 3rd SW St, Decatur, AL 35601-2905
      View Details
    • Value Estimation
      $210,000
      5,760 SF

      1029 5th Ave Sea

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,760 SF
      1029 5th Ave Sea, Decatur, AL 35601-3913
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      93,712 SF

      Decatur Retail Space - High Visibility

      Large retail space, prime Decatur location. Lease opportunity.
      1502 6Th Ave, Decatur, AL 35601
      View Details
    • $4,390,848
      10.08 Acres

      Decatur Development Land - 10 Acres

      Prime Decatur acreage, ideal for multifamily or retail.
      0 Old Moulton Rd And Beltline Rd, Decatur, AL 35601
      View Details
    • Contact for pricing
      5,600 SF

      Decatur Retail Space: Prime Location

      Newly renovated, high-traffic retail space.
      1550 6Th Ave, Decatur, AL 35601
      View Details
    • Contact for pricing
      56,534 SF

      Decatur Retail Space - High Visibility

      Prime Decatur retail space, excellent location, lease available.
      1524 6Th Ave, Decatur, AL 35601
      View Details
    • $269,000
      3,236 SF

      Decatur Retail Building - $269K

      Prime Decatur retail space, high visibility.
      1112 6Th Ave, Decatur, AL 35601
      View Details
    • Contact for pricing
      93,712 SF

      Decatur Retail Space - High Visibility

      Prime Decatur retail space, high traffic location, lease opportunity.
      1516 6Th Ave, Decatur, AL 35601
      View Details

    Similar Nearby for Lease

    • $153 SF/Yr
      124,900 SF

      Decatur Retail Center Investment

      Prime Decatur retail space available
      0 Plum Tree Ctr, Decatur, AL 35601
      View Details
    • Contact for pricing
      134,006 SF

      Decatur Retail Space For Lease

      High-traffic power center; flexible space.
      1235 Point Mallard Pkwy, Decatur, AL 35601
      View Details
    • $13 SF/Yr
      36,737 SF

      Mallard Village Retail Center

      Decatur, AL Strip Center - 3 Spaces Available
      2914 Mallard Ln, Decatur, AL 35601
      View Details
    • $7 SF/Yr
      81,191 SF

      Decatur Shopping Center: Retail Space

      Prime Decatur retail space, multiple suites available.
      1502 6Th Ave, Decatur, AL 35601
      View Details
    • $12 SF/Yr
      6,000 SF

      Prime Decatur Retail Space

      6,000 SF Vacant Retail Building
      1727 6Th Ave, Decatur, AL 35601
      View Details
    • $84 SF/Yr
      6,000 SF

      Decatur Retail/Office Building Lease

      6,000 SF, High-Traffic Location, Ample Parking
      1701 Central Pkwy, Decatur, AL 35601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Plum Tree Ctr
    Decatur, AL 35601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.