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    Property profile & analytics

    2326 Morgan SW Ave Decatur, AL 35601-6244

    • Assisted living facilities
    • 55,283 SF
    • 4.48 lot acres
    OFF-MARKET
    Value Estimation
    $970,000
    Location Intelligence
    Property ID
    US03-1874133
    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.

    Current Use by Public Records

    • Johnson Tamara H / Physical Therapist
    • Restore Therapy Services Ltd / Physical Therapy Clinic
    • Decatur Rehabilitation and Healthcare Center / Nursing Home
    • Decatur Health and Rehab / Lodging
    • Deborah Hanks / Physical Therapist

    Property Details for 2326 Morgan SW Ave

    Year built
    2002
    Construction
    WOOD
    Lot size
    4.48 lot acres
    Property size
    55,283 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    02-07-36-1-003-029.000
    APU
    207361003029000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $935,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,250,000
      6.5%
      $1,095,000
      7%
      $1,105,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,255,000
      Geo Method
      $1,095,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,195,000
      Retail
      $1,120,000
      Mixed-Use
      $1,135,000
      Hospitality
      $1,125,000
      Educational
      $1,090,000
      Residential Income
      $1,115,000
      Energy
      $1,490,000
      Income-Based Land
      $1,180,000
      Food Service
      $1,100,000

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -87.008
    Latitude
    34.5684
    CBSA code
    19460
    CBSA name
    DECATUR, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,626
    $23,400
    $799,260
    $822,660
    -
    $117,000
    $3,996,300
    $4,113,300

    Comparable in this City

    • Value Estimation
      $740,000
      33,254 SF

      2115 Pt Mallard SE Dr

      HOMES (RETIRED, NURSING) • 33,254 SF
      2115 Pt Mallard SE Dr, Decatur, AL 35601-6765
      View Details
    • Value Estimation
      $170,000
      80,424 SF

      807 Bank NE St

      HOMES (RETIRED, NURSING) • 80,424 SF
      807 Bank NE St, Decatur, AL 35601-1611
      View Details
    • Value Estimation
      $760,000
      45,694 SF

      1350 14th SE Ave

      HOMES (RETIRED, NURSING) • 45,694 SF
      1350 14th SE Ave, Decatur, AL 35601-4364
      View Details
    • Value Estimation by Request

      1207 Somerville Rd

      Medical space
      1207 Somerville Rd, Decatur, AL 35601
      View Details
    • Value Estimation by Request
      5,280 SF

      2127 6Th Ave

      Medical space • 5,280 SF
      2127 6Th Ave, Decatur, AL 35601
      View Details
    • Value Estimation
      $395,000
      2,113 SF

      1906 Flint SE Rd

      MEDICAL BUILDING • 2,113 SF
      1906 Flint SE Rd, Decatur, AL 35601-6025
      View Details

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    Similar Nearby for Lease

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      View Details
    • $5,000 /Mo

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    • $1,478 /Mo

      Decatur Retail Space For Lease

      2534 SF retail space in Decatur, Alabama available for lease.
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      View Details
    • $84 SF/Yr
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      6,000 SF, High-Traffic Location, Ample Parking
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    • $6 SF/Yr

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      Industrial facility in Decatur with convenient access and flexible options.
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      View Details
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    Decatur, AL 35601-6244
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    Realmo Value Estimation

    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.

    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.

    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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