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Property profile & analytics
OFF-MARKET
Medical Office Space
1320 Stratford SE Rd, Decatur, AL 35601-6048
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US03-1121541
Property summary
AI-generated overview
This single-tenant medical office building, located at 1320 Stratford Road SE, Decatur, Alabama 35601, offers 4,600 total square feet on a 0.6-acre lot (26,136 sq ft). Currently, 1,200 square feet is available for lease. The building, constructed in 1979, is a single-story Class C property with ample parking (25 spaces). The property is zoned B2 and features convenient access to Sixth Avenue SE. This is an excellent opportunity for a small medical practice or professional office seeking a location in a developing area. The property's convenient location and ample parking make it an attractive option for both patients and staff. The building's single-tenant occupancy provides a unique opportunity for a business seeking a dedicated space. The address is 1320 Stratford Road SE, Decatur, AL 35601, with the APN 03-09-32-1-003-003.000. The submarket is hRT.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
WOOD
Total area
4,864 SF
Lot
0.6 ac (26,136 SF)
APN
03-09-32-1-003-003.000
UPID
US03-1121541
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
Current use
Occupant on record · Public records
-
Dr. Steven A. Leach Sr, DMD Dental Office
-
Mr. Jonathan South Dental Office
-
Steven Alexander Leach Dental Office
-
Leslie Russell Nichols Dental Office
-
M.H. Young & Associates, LLC : Matthew H. Young, CPA Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Stratford Investments LLC · 5 yrs held
Stratford Investments LLC
since 2020
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,305
Tax year 2023
Assessed value
$117,100
Assessed 2023
Previous assessed
$117,100
+0.0% YoY
Effective rate
4.53%
On assessed value
Assessed land
$16,980
Assessed improvement
$100,120
Land market value
$84,900
Improvement market value
$500,600
Total market value
$585,500
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
9
Total area
4,864 SF
Lot
0.6 ac (26,136 SF)
APN
03-09-32-1-003-003.000
UPID
US03-1121541
Jurisdiction
MORGAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
9
Lot
0.6 ac
Current owner
From public records · entity-resolved
Stratford Investments LLC
Entity
Mailing address
PO BOX 546, DECATUR, AL 35602-0546
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2020
—
Stratford Investments LLC
—
Deed
related
$296,000 · Peoples Bank Of Alabama
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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