Technical
Financial
Distress signals
Property profile

1823 Somerville Rd SE Decatur, AL 35601

FOR SALE
Medical Office Space
Property ID
US03-1257568
1,996 SF 1.08 ac lot Built 1954
Entity Owned 4-yr Hold Free & Clear
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For Sale
$250,000 1,996 SF
1823 Somerville Rd SE, Decatur, AL 35601
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, two-building office complex in Decatur, Alabama. The property, located at 1823 Somerville Rd SE, 35601, encompasses 2,865 square feet on a one-acre lot with B1 zoning. The main building, a single-story Class B structure, features a reception area, multiple waiting rooms, individual offices, and dedicated patient areas. Three restrooms and six additional sinks are strategically located throughout. Abundant storage is provided via shelving and counter space. A separate heated and cooled storage building of approximately 540 square feet offers additional space with a drop ceiling, shelving, and a sink. The property boasts ample parking with approximately 15 spaces and approximately 142 feet of frontage on Somerville Road. Currently operating at 100% occupancy with a mix of executive, medical, and traditional office tenants, this NNN-leased property offers a strong return on investment. The asking price is $250,000, translating to $87.26 per square foot. This turnkey investment is ideal for a passive income portfolio or an owner-user seeking a high-traffic location. The property is situated in a high-traffic area, making it an attractive option for various medical and professional practices. The two buildings are currently under single tenancy.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1954
Total area 1,996 SF
Lot 1.08 ac (46,860 SF)
APN 03-09-29-4-003-024.000
UPID US03-1257568

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

1823 Somerville Rd SE Decatur, AL 35601
Decatur metro Census 300 DECATUR, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$130k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2022
Last sale
$155,000
2 recorded transactions
2022
$155,000
2009
$55,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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