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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Warehouses
2 Moulton W St Decatur, AL 35601-2226
Entity Owned
3-yr Hold
Free & Clear
Property ID
US03-1674173
Property summary
AI-generated overview
This exceptional industrial property in Morgan County offers a total of 262,307 square feet of warehouse space, divided into nine individual suites. The property is zoned M-2, providing flexibility for a variety of industrial uses. Individual suites range in size from a minimum of 17,280 square feet up to the entire 262,307 square feet, allowing for businesses of all scales to find a suitable space. The property features loading docks for efficient shipping and receiving. Short-term lease options are available, providing added flexibility for tenants. Its strategic location offers unparalleled access to major transportation arteries, including Highway 20, Highway 67, and the intersection of Interstates 65 and 565, ensuring seamless logistics and convenient commutes for employees and clients. This prime location in Downtown Decatur makes this warehouse space an ideal choice for businesses seeking efficient operations and a central location within the region. The property's size and layout offer significant potential for businesses requiring substantial storage or production space. Contact us today to learn more about lease terms and availability.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1972
Total area
43,200 SF
Lot
7.23 ac (315,057 SF)
APN
03-04-18-3-008-001.000
UPID
US03-1674173
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
-
Russell Forest Products Big Box & Wholesale Store
-
Jackson Law Firm, PLLC Law Firm
-
Moulton Street Properties, LLC Warehouse & Storage
-
Megabrook Processors, Inc Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.12M
Owner & transaction history
Dry Branch Properties LLC · 3 yrs held
Dry Branch Properties LLC
since 2022
Last sale
$1.3M
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
Method
Estimation
Statistic approach
$960,000
ML approach
$1,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±10% · vs last sale $1.25M (Oct 6 2022)
Last sale anchor
$1.25M
Oct 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$26 / SF
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
$14,697
Tax year 2023
Assessed value
$324,440
Assessed 2023
Previous assessed
$324,440
+0.0% YoY
Effective rate
4.53%
On assessed value
Assessed land
$25,200
Assessed improvement
$299,240
Land market value
$126,000
Improvement market value
$1,496,200
Total market value
$1,622,200
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Heating
NONE
Buildings
2
Stories
1
Rooms
1
Total area
43,200 SF
Lot
7.23 ac (315,057 SF)
APN
03-04-18-3-008-001.000
UPID
US03-1674173
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
1972
Heating
NONE
Stories
1
Buildings
2
Rooms
1
Lot
7.23 ac
Current owner
From public records · entity-resolved
Dry Branch Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 367, HARTSELLE, AL 35640-0367
Ownership since
2022
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
Oct 6, 2022
$1,250,000
Dry Branch Properties LLC
Megabrook Processors INC
Warranty Deed
—
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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