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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2326 Morgan SW Ave Decatur, AL 35601-6244

    • Assisted living facilities
    • 55,283 SF
    • 4.48 lot acres
    OFF-MARKET
    Value Estimations
    $935,000
    Show details
    Cap Rate Potential
    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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $935,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $970,000

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

    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
      $590,000
      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 by Request
      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
      $910,000
      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
      1,357 SF

      1215 13th SE Ave

      MEDICAL BUILDING • 1,357 SF
      1215 13th SE Ave, Decatur, AL 35601-4306
      View Details
    • Value Estimation by Request
      3,600 SF

      1828 Bassett SE Ave

      MEDICAL BUILDING • 3,600 SF
      1828 Bassett SE Ave, Decatur, AL 35601-5914
      View Details
    • Value Estimation by Request
      2,655 SF

      1304 Somerville SE Rd

      MEDICAL BUILDING • 2,655 SF
      1304 Somerville SE Rd, Decatur, AL 35601-4354
      View Details

    Similar Nearby for Sale

    • $3,800,000

      Decatur Assisted Living Facility Opportunity

      Assisted living facility in senior-heavy market with regional draw.
      2115 Point Mallard Dr SE, Decatur, AL 35601
      View Details
    • $168,000

      Decatur Medical Office Land

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    • New
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      Office building with new roof and upgraded electrical system.
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    • Contact for pricing
      56,534 SF

      Decatur Retail Space - High Visibility

      Prime Decatur retail space, excellent location, lease available.
      1524 6Th Ave, Decatur, AL 35601
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    • Contact for pricing
      1.30 Acres

      Decatur Commercial Land - 3 Lots

      Highway 20 frontage, ideal for QSR or C-store.
      3560 Highway 20, Decatur, AL 35601
      View Details
    • $4,390,848
      10.08 Acres

      Decatur Development Land - 10 Acres

      Prime Decatur acreage, ideal for multifamily or retail.
      0 Old Moulton Rd And Beltline Rd, Decatur, AL 35601
      View Details

    Similar Nearby for Lease

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      4,500 SF

      Decatur Medical Office Space For Lease

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      1117 16Th Ave, Decatur, AL 35601
      View Details
    • $3 SF/Yr
      262,317 SF

      2 Moulton St

      Distribution properties • 262,317 SF
      2 Moulton St, Decatur, AL 35601
      View Details
    • $9,773 /Mo

      Decatur Commercial Building with Warehouse

      Commercial building featuring office and warehouse space for rent.
      835 Mcentire Ln, Decatur, AL 35601
      View Details
    • Contact for pricing
      379,000 SF

      Decatur Mall Retail Spaces Available

      High-traffic retail spaces in Decatur, AL.
      1801 Beltline Rd, Decatur, AL 35601
      View Details
    • $144 SF/Yr
      5,000 SF

      Highway 20 Warehouse For Sale

      5,000 SF Warehouse, 16 Acres
      3401 Highway 20, Decatur, AL 35601
      View Details
    • $12 SF/Yr
      6,000 SF

      Prime Decatur Retail Space

      6,000 SF Vacant Retail Building
      1727 6Th Ave, Decatur, AL 35601
      View Details
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    2326 Morgan SW Ave
    Decatur, AL 35601-6244
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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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