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    OFF-MARKET
    Warehouses

    3158 State Hwy, Decatur, AL 35601

    47,850 SF 19 ac lot Built 2007
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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