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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1303 Decatur Hwy Gardendale, AL 35071

    • Commercial real estate
    • 9,360 SF
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0650269
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 24e Health Clubs / Gym / Fitness Center

    Property Details for 1303 Decatur Hwy

    Property size
    9,360 SF
    Property type
    Commercial real estate

    Description

    This exceptional 9,360-square-foot retail property, located at 1303 Decatur Highway in Gardendale, Alabama (zip code 35071), presents a unique investment opportunity. Classified as Class A and leased on a NNN basis, the building boasts a prime location with high visibility and accessibility. Previously occupied by a 24-Hour Fitness and CVS, the space is already fully built out as a health club facility, complete with locker rooms, showers, and various amenity rooms. This significantly reduces upfront tenant improvement costs. The property benefits from exceptional traffic volume, experiencing 18,000 vehicles per day on Decatur Highway. Gardendale itself is experiencing a period of remarkable commercial growth, with numerous new businesses opening this year and substantial projected economic investment in the local area. This makes this property ideally suited for a variety of uses, capitalizing on the town's burgeoning commercial sector and high traffic counts. The property's existing infrastructure as a fully equipped health club presents a significant advantage for prospective tenants seeking a ready-to-use space. This is a rare opportunity to acquire a well-located, high-traffic retail space in a rapidly growing Alabama market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gardendale
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8110274
    Latitude
    33.657909

    Comparable in this City

    • $750,000

      Gardendale Restaurant - Hwy 31

      Prime Gardendale Restaurant Space
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    • $2,300,000
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      Versatile Commercial Building on US-31

      Two-story, 44,264 SF commercial building on 5 acres.
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    • $360,000
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      Retail Opportunity in Gardendale, AL

      Retail or office building centrally located in Gardendale, Alabama.
      112 W Tarrant Dr, Gardendale, AL 35071
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    • New
      $875,000
      1.58 Acres

      Freestanding Retail Building on Decatur Highway

      Well-maintained retail building in Gardendale, AL, with high visibility.
      1920 Decatur Hwy, Gardendale, AL 35071
      View Details
    • $4,400,000
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      Walgreens Pharmacy - Gardendale, AL

      High-yield Walgreens Net Lease Investment
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    • $375,000
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      Retail Buildings in High-Traffic Area

      Two buildings on a corner lot with high-traffic exposure.
      501 Tarrant Rd, Gardendale, AL 35071
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    Similar Nearby for Sale

    • $750,000

      Gardendale Restaurant - Hwy 31

      Prime Gardendale Restaurant Space
      896 Decatur Hwy, Gardendale, AL 35071
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    • $2,300,000
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      Versatile Commercial Building on US-31

      Two-story, 44,264 SF commercial building on 5 acres.
      2405 Decatur Hwy, Gardendale, AL 35071
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    • $4,400,000
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      Walgreens Pharmacy - Gardendale, AL

      High-yield Walgreens Net Lease Investment
      100 Fieldstown Rd, Gardendale, AL 35071
      View Details
    • $375,000
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      Retail Buildings in High-Traffic Area

      Two buildings on a corner lot with high-traffic exposure.
      501 Tarrant Rd, Gardendale, AL 35071
      View Details
    • $360,000
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      Retail Opportunity in Gardendale, AL

      Retail or office building centrally located in Gardendale, Alabama.
      112 W Tarrant Dr, Gardendale, AL 35071
      View Details
    • New
      $875,000
      1.58 Acres

      Freestanding Retail Building on Decatur Highway

      Well-maintained retail building in Gardendale, AL, with high visibility.
      1920 Decatur Hwy, Gardendale, AL 35071
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
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      Gardendale Retail Space - 9,360 SF

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      1303 Decatur Hwy, Gardendale, AL 35071
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    • Contact for pricing
      1,200 SF

      Gardendale Retail Space Available

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      439 Fieldstown Rd, Gardendale, AL 35071
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      6,500 SF

      Gardendale Hwy 31 Restaurant Space

      Prime Gardendale restaurant, 6,500 sq ft.
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      376,359 SF

      Gardendale Retail Outparcels - I-65

      Prime Retail Space, Multiple Units Available
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      Gardendale Medical Office Building

      Prime Gardendale location, multiple tenants.
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      Gardendale Office Space for Lease

      Prime Gardendale location, multiple suites available.
      1405 Thompson Cir, Gardendale, AL 35071
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    Gardendale, AL 35071
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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