Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2604 Hwy 31st S Decatur, AL 35603-1506

    • Medical offices
    • 4,756 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimation
    $225,000
    Location Intelligence
    Property ID
    US03-1671418
    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

    • David Mowery / Family Practice Physician
    • Amaresh Misra / Family Practice Physician
    • Ryan Albert Gregorio / Family Practice Physician
    • Landon Dutton / Nurse Practitioner
    • American Family Care Decatur / X-Ray Lab / Urgent Care Center

    Property Details for 2604 Hwy 31st S

    Year built
    2010
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.90 lot acres
    Property size
    4,756 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    03-09-32-4-002-006.003
    APU
    309324002006003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $225,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $215,000
      Geo Method
      $235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $190,000
      Retail
      $175,000
      Mixed-Use
      $185,000
      Hospitality
      $185,000
      Educational
      $205,000
      Residential Income
      $220,000
      Energy
      $225,000
      Income-Based Land
      $185,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9728
    Latitude
    34.5599
    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
    $9,453
    $39,640
    $172,660
    $212,300
    -
    $198,200
    $863,300
    $1,061,500

    Comparable in this City

    • Value Estimation
      $360,000
      3,258 SF

      2014 Danville Park SW Dr

      MEDICAL BUILDING • 3,258 SF
      2014 Danville Park SW Dr, Decatur, AL 35603-1832
      View Details
    • Value Estimation
      $315,000
      8,231 SF

      2705 Hwy 31st S

      MEDICAL BUILDING • 8,231 SF
      2705 Hwy 31st S, Decatur, AL 35603-1507
      View Details
    • Value Estimation
      $425,000
      1,435 SF

      2800 Hwy 31st S

      MEDICAL BUILDING • 1,435 SF
      2800 Hwy 31st S, Decatur, AL 35603
      View Details
    • Value Estimation
      $1,755,000
      7,992 SF

      2834 Spg SW Ave

      MEDICAL BUILDING • 7,992 SF
      2834 Spg SW Ave, Decatur, AL 35603-1218
      View Details
    • Value Estimation
      $750,000
      63,775 SF

      2828 Hwy 31st S

      MEDICAL BUILDING • 63,775 SF
      2828 Hwy 31st S, Decatur, AL 35603-1510
      View Details
    • Value Estimation
      $630,000
      6,732 SF

      2426 Danville SW Rd

      MEDICAL BUILDING • 6,732 SF
      2426 Danville SW Rd, Decatur, AL 35603-4293
      View Details

    Similar Nearby for Sale

    • $150,000

      Decatur Commercial Land For Sale

      Land available outside Decatur corporate limits, suitable for development.
      .7 +/- Acres Mcentire Ln, Decatur, AL 35603
      View Details
    • $139,900
      1.50 Acres

      Decatur Estate Lot For Sale

      Residential land in Woodtrail Estates, Decatur, Alabama. Ready to build.
      3753 S Woodtrail Rd SW, Decatur, AL 35603
      View Details
    • $214,900
      1,800 SF

      Decatur Warehouse: $214,900

      1,800 SF Warehouse, Highway 67 Frontage
      170 Horse Center Rd, Decatur, AL 35603
      View Details
    • $165,000
      1.40 Acres

      Highway 31 Decatur Commercial Land

      1.4 Acres, High-Traffic Location, B-2 Zoning
      0 Highway 31, Decatur, AL 35603
      View Details
    • Contact for pricing
      259.00 Acres

      Riverfront Bay City Office Space

      Prime Bay County office, 1300 sq ft.
      3536 Gordon Terry Pkwy, Decatur, AL 35603
      View Details
    • Contact for pricing

      Land For Sale in Decatur

      Building site on Chula Vista Ridge in Decatur, Alabama.
      3537 Chula Vista Ridge Dr, 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
    • $5,000 /Mo

      Decatur Industrial Space For Lease

      Multi-use complex with warehouse and office space available for lease.
      3074 Finley Island Rd, 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
    • $6 SF/Yr
      10,000 SF

      Decatur Industrial Warehouse - 10,000 SF

      Prime Decatur warehouse, excellent access to I-65.
      3702 Indian Hills Rd, Decatur, AL 35603
      View Details
    • $8 SF/Yr
      296,000 SF

      Fairground Rd

      Distribution properties • 296,000 SF
      0 Fairground Rd, 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.
    2604 Hwy 31st S
    Decatur, AL 35603-1506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.