Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2506 Danville SW Rd Decatur, AL 35603-4232

    • Medical offices
    • 11,740 SF
    • 3.67 lot acres
    OFF-MARKET
    Value Estimations
    $1,180,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1917317
    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

    • Jonathan Chenlin Yu / Health Care Facility / Orthopedic Surgeon
    • Kelly K. Moore, CRNP / Doctor
    • Valley Internal Medicine / Medical Clinic / Internist
    • SportsMED Orthopedic Surgery & Spine Center / Orthopedic Clinic
    • Joshua A. Davis, PT / Physical Therapist / Physical Therapy Clinic

    Property Details for 2506 Danville SW Rd

    Year built
    2000
    Lot size
    3.67 lot acres
    Property size
    11,740 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    02-07-36-3-000-008.000
    APU
    207363000008000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,037,000
      Market price range: $418k - $1.04M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $780,000
      Current use
      COMMERCIAL (GENERAL)
      $1,405,000
      Change: +81% Conversion: Easy
      RESTAURANT
      $910,000
      Change: +17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -87.0168
    Latitude
    34.565
    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
    $37,247
    $78,100
    $744,140
    $822,240
    -
    $390,500
    $3,720,700
    $4,111,200

    Comparable in this City

    • Value Estimation by Request
      6,732 SF

      2426 Danville SW Rd

      MEDICAL BUILDING • 6,732 SF
      2426 Danville SW Rd, Decatur, AL 35603-4293
      View Details
    • Value Estimation by Request
      6,394 SF

      2023 Danville Park SW Dr

      MEDICAL BUILDING • 6,394 SF
      2023 Danville Park SW Dr, Decatur, AL 35603-1833
      View Details
    • Value Estimation
      $715,000
      3,453 SF

      2012 Danville Park SW Dr

      MEDICAL BUILDING • 3,453 SF
      2012 Danville Park SW Dr, Decatur, AL 35603-1832
      View Details
    • Value Estimation by Request
      3,431 SF

      1802 Presbyterian SW Dr

      MEDICAL BUILDING • 3,431 SF
      1802 Presbyterian SW Dr, Decatur, AL 35603-1807
      View Details
    • Value Estimation by Request
      6,050 SF

      2426 Danville SW Rd

      MEDICAL BUILDING • 6,050 SF
      2426 Danville SW Rd, Decatur, AL 35603-4293
      View Details
    • Value Estimation
      $790,000
      7,992 SF

      2834 Spg SW Ave

      MEDICAL BUILDING • 7,992 SF
      2834 Spg SW Ave, Decatur, AL 35603-1218
      View Details

    Similar Nearby for Sale

    • $875,000
      20.00 Acres

      20-Acre Decatur Development Land

      Prime Morgan County acreage; residential/industrial potential.
      2321 Ben Poole Rd, Decatur, AL 35603
      View Details
    • $274,900
      10.00 Acres

      Marsha Ave, Decatur, AL 35603

      Commercial real estate • 10.00 Acres
      Marsha Ave, Decatur, AL 35603
      View Details
    • $899,000
      33.00 Acres

      33 Acres Decatur Land Investment

      Prime Decatur land, R5 zoning, ideal for development.
      0 Spring Ave, Decatur, AL 35603
      View Details
    • $2,027,100
      29.00 Acres

      Priceville, AL: 29 Acres

      Prime Agricultural & Commercial Land
      0 Robinson St, Decatur, AL 35603
      View Details
    • $2,900,000
      11.00 Acres

      Prime Decatur Commercial Land

      11 Acres, High Visibility, I-65 Access
      3306 Indian Hills Rd, Decatur, AL 35603
      View Details
    • $549,990
      0.87 Acres

      Decatur Commercial Land Opportunity

      Highway 31 commercial land for sale in Decatur, Alabama.
      3420 Highway 31 S, Decatur, AL 35603
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      35,933 SF

      Decatur Medical Office Suites

      Professionally managed medical office suites for lease near Decatur Morgan Hospital.
      2349 Danville Rd Southwest, Decatur, AL 35603
      View Details
    • $2,500 /Mo
      5,000 SF

      Decatur Office Space For Rent

      Office space for rent with highway access in Decatur, AL.
      3624 Indian Hills Rd SE, Decatur, AL 35603
      View Details
    • $8,500 /Mo

      Warehouse and Office Space Available

      17,000 sq ft warehouse with office space for lease.
      1203 Pisgah Rd Se, Decatur, AL 35603
      View Details
    • $4,125 /Mo
      10,000 SF

      Decatur Warehouse Near I-65

      10,000 SF warehouse with office space near I-65.
      3702 Indian Hills Rd Southeast, Decatur, AL 35603
      View Details
    • $15 SF/Yr
      36,737 SF

      Retail Space in High Growth Area

      Retail property in a high-growth area with ample parking.
      2914 Mallard Pkwy, Decatur, AL 35603
      View Details
    • $6 SF/Yr
      5,000 SF

      Decatur Industrial Space For Rent

      5,000 SF industrial space in Decatur, Alabama available for lease.
      3624 Indian Hills Rd SE, Decatur, AL 35603
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2506 Danville SW Rd
    Decatur, AL 35603-4232
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.