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    Property profile & analytics

    502 Bank St Decatur, AL 35601

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • The Studio on Bank / Art Studio
    • Small Business Lender - Decatur, AL / Business Administration Service
    • David Higginbotham Photography / Wedding Photographer / Photographer
    • Austin Pike Photography / Photography Studio
    • The Mulberry Studio, LLC / Architectural Designer

    Property Details for 502 Bank St

    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This unique 338-square-foot office space, situated in a historic building constructed in 1914, presents a compelling opportunity for a single tenant. Located on Bank Street NE in the heart of the historic downtown area, above Tammy Eddy Interiors, this property offers a versatile open floor plan adaptable to various business needs. The building, a two-story structure, provides convenient access via a side entrance and benefits from ample parking available on nearby Cherry Street. Its B-5 zoning ensures compatibility with a range of commercial uses, and its proximity to the Morgan County Courthouse offers exceptional convenience. The space is ideal for businesses seeking a blend of historic charm and modern functionality. A non-refundable key deposit of $100 is required. This property combines the character of a 1914 building with the practicality of a modern office space, making it an attractive option for businesses seeking a unique and well-located presence in the downtown area. The open layout allows for flexible configuration to suit individual business requirements. The convenient side entrance and ample parking add to the overall appeal and practicality of this exceptional downtown office space.

    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
    -86.9865
    Latitude
    34.611

    Comparable in this City

    • Value Estimation by Request
      2,750 SF

      606 Red Hat Rd

      Office space • 2,750 SF
      606 Red Hat Rd, Decatur, AL 35601
      View Details
    • Value Estimation by Request
      10,280 SF

      619 Bank NE St

      OFFICE (GENERAL) • 10,280 SF
      619 Bank NE St, Decatur, AL 35601-1607
      View Details
    • Value Estimation by Request
      4,800 SF

      723 Bank NE St

      OFFICE (GENERAL) • 4,800 SF
      723 Bank NE St, Decatur, AL 35601-1609
      View Details
    • Value Estimation by Request
      900 SF

      1218 4th SE Ave

      OFFICE (GENERAL) • 900 SF
      1218 4th SE Ave, Decatur, AL 35601-4004
      View Details
    • Value Estimation by Request
      1,461 SF

      1725 Creighton SE Ave

      OFFICE (GENERAL) • 1,461 SF
      1725 Creighton SE Ave, Decatur, AL 35601
      View Details
    • Value Estimation by Request
      1,008 SF

      212 Johnston SE St

      OFFICE (GENERAL) • 1,008 SF
      212 Johnston SE St, Decatur, AL 35601-2516
      View Details

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    502 Bank St
    Decatur, AL 35601
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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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