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    1406 Decatur St Montgomery, AL 36104
    Property profile & analytics

    1406 Decatur St Montgomery, AL 36104

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    • Commercial real estate
    • 0.31 lot acres
    Off-Market
    Property ID
    US03-2796817
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1406 Decatur St

    Lot size
    0.31 lot acres
    Property type
    Commercial real estate
    APN
    1003064022006001, 1003064022006000, & 1003064022007000

    Description

    This exceptional investment opportunity presents three contiguous residential lots totaling approximately 0.306 acres (13,315 square feet) located at 1406-1416 N. Decatur St, Montgomery, Alabama, 36104. The property, identified by APN numbers 1003064022006001, 1003064022006000, and 1003064022007000, is zoned R-65-d, making it perfectly suited for multi-family development, such as duplexes. This prime location offers significant potential for investors seeking a high-return project. The combined lots provide ample space for construction, and the property's designation as a Qualified Opportunity Zone presents additional tax advantages. The asking price for this exceptional land package is $18,000. This is a rare opportunity to acquire three lots in a desirable location with significant development potential. Don't miss out on this chance to build your investment portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.3000023
    Latitude
    32.3916255

    Comparable in this City

    • Contact for pricing

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      Duplex Investment Opportunity

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      Downtown Duplex Investment Opportunity

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      Spacious Quadplex Near Downtown

      Four-unit property with potential for short-term rental income.
      1130 S Lawrence St, Montgomery, AL 36104
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      Downtown Montgomery Commercial Opportunity

      Prime commercial space in downtown Montgomery with versatile floor plan.
      16 S Perry St, Montgomery, AL 36104
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    Similar Nearby for Sale

    • Contact for pricing

      Multi-Family Investment Opportunity

      Multi-family unit needing TLC, great investment potential in growing area.
      635 Virginia Ave, Montgomery, AL 36104
      View Details
    • $80,000

      Duplex Investment Opportunity

      Duplex with existing income, great investment property.
      1502 S Court St, Montgomery, AL 36104
      View Details
    • Contact for pricing

      Turnkey Duplex Investment Opportunity

      Updated duplex with short-term rental potential in prime location.
      224 Finley Ave, Montgomery, AL 36104
      View Details
    • Contact for pricing

      Downtown Duplex Investment Opportunity

      Duplex near downtown attractions, ideal for investment or Airbnb.
      419 Burton Ave, Montgomery, AL 36104
      View Details
    • Contact for pricing

      Spacious Quadplex Near Downtown

      Four-unit property with potential for short-term rental income.
      1130 S Lawrence St, Montgomery, AL 36104
      View Details
    • $650,000
      2,439 SF

      Downtown Montgomery Commercial Opportunity

      Prime commercial space in downtown Montgomery with versatile floor plan.
      16 S Perry St, Montgomery, AL 36104
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    Similar Nearby for Lease

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      14 SF

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      Riverfront Commercial Space Available

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      122,101 SF

      Class-A Office Building, Montgomery AL

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      Office Space Available for Rent

      Office spaces available, ranging from 10,393 to 27,740 SqFt.
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      Downtown Montgomery Mixed-Use Space

      Prime commercial spaces in downtown Montgomery with high visibility.
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    1406 Decatur St
    Montgomery, AL 36104
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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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    1406 Decatur St, Montgomery, AL, 36104
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