$850,000 2,556 SF

431 Johnston St SE, Decatur, AL 35601
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This office building was originally constructed in 1978 and underwent a comprehensive renovation in 2023, resulting in an interior configured with updated, contemporary finishes. The property is located at 431 Johnston St SE in downtown Decatur, Alabama. It is arranged for office use, with suitability for medical offices and executive office functions subject to applicable tenant requirements and verification during due diligence.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$3k

Tax billed · 2023

Assessed value$67k

Assessed land$7k

Assessed improvement$60k

Effective rate4.53%

Value estimate

· Nov 2026

$645k

$581k – $710k

AI approach$625k

CAP approach$445k

NOI build-up

Gross scheduled income$71k

Vacancy & credit loss−$16k

Operating expenses−$14k

NOI · 4.91% cap applied$42k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

4.91%

$42k estimated NOI · market benchmarks for this use type

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

Zoning insight

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: Dental Office

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Dental Office12.9

Parking Facility10.7

Kitchen & Bath9.1

431 Johnston St SE Decatur, AL 35601

County assessor Recorded deeds · 1 transfer 8 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 · 15 properties nearby

Address Sale price Sold Size

1320 5th SE, Decatur, AL 35601-4206 $239,758 Mar 2025 3,200 SF

1313 13th SE, Decatur, AL 35601-4308 $542,500 Dec 2023 3,590 SF

722 Bank NE, Decatur, AL 35601-1610 $400,000 Jun 2023 1,900 SF

1304 Somerville SE, Decatur, AL 35601-4354 $350,000 Jul 2021 2,655 SF

1201 8th SE, Decatur, AL 35601-3356 $225,000 Feb 2020 2,722 SF

1205 Medical SE, Decatur, AL 35601-4330 $200,000 Dec 2019 2,210 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

Value Estimation
$195,000

2,210 SF

1205 Medical SE Dr

MEDICAL BUILDING

1205 Medical SE Dr, Decatur, AL 35601-4330

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Value Estimation
$185,000

3,000 SF

1206 Somerville SE Rd

MEDICAL BUILDING

1206 Somerville SE Rd, Decatur, AL 35601-4335

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Value Estimation
$225,000

3,132 SF

1201 13th SE Ave

MEDICAL BUILDING

1201 13th SE Ave, Decatur, AL 35601-4300

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Value Estimation
$210,000

3,388 SF

1306 14th SE Ave

MEDICAL BUILDING

1306 14th SE Ave, Decatur, AL 35601-4346

View Details
Value Estimation
$250,000

3,391 SF

1222 Somerville SE Rd

MEDICAL BUILDING

1222 Somerville SE Rd, Decatur, AL 35601-4351

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Value Estimation
$365,000

1,900 SF

722 Bank NE St

MEDICAL BUILDING

722 Bank NE St, Decatur, AL 35601-1610

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Similar Nearby for Sale

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Medical Office Building

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