Financial
Distress signals
Property profile

1304 Somerville Rd SE Decatur, AL 35601

FOR SALE
Medical Office Space
Property ID
US03-1824405
2,655 SF 0.29 ac lot Built 1976
Last sale Jul 2021 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon

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?
$4k
Tax billed · 2023
Assessed value$83k
Assessed land$10k
Assessed improvement$73k
Effective rate4.53%

Value estimate

· Sep 2026
$360k
$324k – $396k
AI approach$310k
NOI build-up
Gross scheduled income$56k
Vacancy & credit loss−$6k
Operating expenses−$20k
NOI · 6.30% cap applied$30k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

No data for this section
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?
6.30%
$30k 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: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility12.5
Law Firm10.9
Convenience Store10.4

Location

1304 Somerville Rd SE Decatur, AL 35601
County assessor Recorded deeds · 3 transfers 6 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
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
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
431 Johnston SE, Decatur, AL 35601-3007 $715,000 Feb 2023 2,556 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
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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