Property profile

3158 State Hwy Decatur, AL 35601

OFF-MARKET
Warehouses
47,850 SF 19 ac lot Built 2007
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Property summary

AI-generated overview

This exceptional 19-acre industrial complex in Decatur, Alabama, presents a compelling net lease investment opportunity. The property comprises nine single-story buildings totaling 47,850 net rentable square feet, currently 100% occupied across ten units. Built in 2007, the Class B complex boasts 5 loading docks and 16 dock-high doors, providing ample functionality for manufacturing, R&D, and warehousing operations. With 50 parking spaces and a strategic location on State Highway 20 (estimated 18,530 daily vehicles), the property enjoys high visibility and accessibility. The current NOI is $268,764, yielding a 6.32% cap rate, with a pro-forma NOI of $280,764 and a pro-forma cap rate of 6.61%. The asking price is $4,250,000, or $88.82 per square foot, and $425,000 per unit. An adjacent 8,500-square-foot property with potential for a 20,000-square-foot expansion is also available for purchase as a package deal for an additional $950,000. This presents a significant value-add opportunity for investors seeking a high-performing, multi-tenant industrial portfolio in a thriving industrial area near major corporations such as 3M, United Launch Alliance, and RUAG Space USA. The property offers significant potential for future expansion and increased revenue generation.

Property profile

Verified
Property type Warehouses
Year built 2007
Total area 47,850 SF
Lot 19 ac (827,640 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3158 State Hwy Decatur, AL 35601
Decatur metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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