Financial
Distress signals
Property profile

1944 Central Pkwy Southwest Decatur, AL 35601

FOR SALE
Retail space
Property ID
US03-1902621
4,500 SF 0.9 ac lot Built 1994
Last sale Apr 2024 · $375,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a remodeled office space totaling 1,700 square feet within a 4,500-square-foot building located on Central Parkway in Decatur, Alabama. The interior layout includes a common area, four private offices, and a private restroom. The space features LVP flooring and underwent renovations in 2023. The building is zoned M1, supporting light industrial uses as well as office and mixed-use applications. The property was previously occupied by The Mental Health Association.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$68k
Assessed land$12k
Assessed improvement$56k
Effective rate4.53%

Value estimate

· Sep 2026
$375k
$338k – $413k
AI approach$375k
NOI build-up
Gross scheduled income$59k
Vacancy & credit loss−$6k
Operating expenses−$16k
NOI · 8.76% cap applied$37k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$108/SF
ZIP average, outlier-cleaned · 45 recorded sales of this use type
Observed band · Q1–Q3$50 – $156
Qualifying comparables4

Cap rate analysis

How does the asset earn?
8.76%
$37k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMORGAN

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm15.2
Building Supply12.6
Gym & Fitness12.3

Location

1944 Central Pkwy Southwest Decatur, AL 35601
County assessor Recorded deeds · 2 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
226 Moulton E, Decatur, AL 35601-2314 $530,000 May 2025 3,000 SF
203 Commerce SW, Decatur, AL 35601-6856 $350,000 Mar 2025 4,800 SF
19 14th SW, Decatur, AL 35601-5806 $372,500 Oct 2024 6,000 SF
1690 Beltline SW, Decatur, AL 35601-5505 $725,000 Apr 2024 6,000 SF
2505 Pt Mallard SE, Decatur, AL 35601-6767 $640,400 Mar 2024 3,420 SF
24 Lee NE, Decatur, AL 35601-1704 $350,000 Sep 2023 4,147 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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