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Financial
Distress signals
Property profile

1516 SE 6Th Ave Decatur, AL 35601

FOR LEASE
Retail space
Property ID
US03-1758175
93,712 SF 11.04 ac lot Built 1961
Last sale Jul 2021 · $2,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Decatur Shopping Center offers a fantastic opportunity for retail businesses seeking space in a thriving commercial area. This single-story center totals 81,191 square feet and features five individual suites, providing flexibility for various tenant needs. Currently, there are 26,032 square feet of vacant space available, with suite sizes ranging from a minimum of 1,222 square feet to a maximum of 16,800 square feet. The property boasts a freshly painted awning, enhancing its curb…

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?
$15k
Tax billed · 2023
Assessed value$620k
Assessed land$270k
Assessed improvement$350k
Effective rate2.48%

Value estimate

· Oct 2026
$2.50M
$2.25M – $2.74M
AI approach$2.55M
Submarket $/SF estimate$2.65M
NOI build-up
Gross scheduled income$1.24M
Vacancy & credit loss−$130k
Operating expenses−$332k
NOI · 37,438.60% cap applied$775k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$108/SF
ZIP average, outlier-cleaned · 45 recorded sales of this use type
Observed band · Q1–Q3$50 – $156

Cap rate analysis

How does the asset earn?
37,438.60%
$775k 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 Facility12.0
Locksmith9.2
Tailor Shop8.9

Location

1516 SE 6Th Ave Decatur, AL 35601
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
206 2nd SE, Decatur, AL 35601-2318 $1,500,000 Jul 2025 10,750 SF
715 14th SE, Decatur, AL 35601-5911 $1,650,000 Jul 2025 56,120 SF
1815 6th SE, Decatur, AL 35601-6000 $825,000 Dec 2024 14,100 SF
Us Hwy 31, Decatur, AL 35601 $2,500,000 May 2024 20,322 SF
1605 Beltline SW, Decatur, AL 35601-5591 $15,633,000 May 2024 51,958 SF
725 Beltline SW, Decatur, AL 35601-6333 $4,223,835 Nov 2023 15,776 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?”
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