Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    302 1st SE Ave Decatur, AL 35601-2359
    Back to Search
    Property profile & analytics

    302 1st SE Ave, Decatur, AL 35601-2359

    View on Map
    • Office Spaces
    • 1,740 SF
    • 0.36 lot acres
    Off-Market
    Last Sale Nov 20, 2023
    $275,000
    Property ID
    US03-1411435
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Allen Insurance / Insurance Agency
    • LPL Financial / Financial Advisor
    • Dewayne Eddy - LPL Financial / Financial Advisor

    Property Details for 302 1st SE Ave

    Year built
    1986
    Lot size
    0.36 lot acres
    Property type
    Office Spaces
    APN
    03-04-19-1-013-008.000
    APU
    304191013008000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 20, 2023 $275,000 Storehouse3552 Living Trust Alfred Dewayne Eddy Quit Claim Deed · related —
    Jan 3, 2018 $275,000 Alfred Dewayne Eddy Leslie Beth Allen Survivorship Deed $150k · Street Jackon
    Oct 1, 2015 — Lesley Beth Allen Jack E Allen Warranty Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9862
    Latitude
    34.6015
    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
    $1,609
    $6,920
    $28,600
    $35,520
    -
    $34,600
    $143,000
    $177,600

    Comparable in this City

    • Value Estimation by Request
      400 SF

      1110 4th SE Ave

      OFFICE (GENERAL)
      1110 4th SE Ave, Decatur, AL 35601-4002
      View Details
    • Value Estimation by Request
      1,380 SF

      4th E Ave

      OFFICE (GENERAL)
      4th E Ave, Decatur, AL 35601
      View Details
    • Value Estimation
      $1,560,000
      12,612 SF

      3001 Mallard Fox NW Dr

      OFFICE (GENERAL)
      3001 Mallard Fox NW Dr, Decatur, AL 35601-7516
      View Details
    • Value Estimation
      $1,265,000
      23,780 SF

      300 Market St Ne Ste C2

      OFFICE (GENERAL)
      300 Market St Ne Ste C2, Decatur, AL 35601-7822
      View Details
    • Value Estimation by Request
      8,941 SF

      300 Market NE St

      OFFICE (GENERAL)
      300 Market NE St, Decatur, AL 35601-1993
      View Details
    • Value Estimation by Request
      156,515 SF

      Gtwy Shopping Ctr

      Neighborhood centers
      0 Gtwy Shopping Ctr, Decatur, AL 35601
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,100 SF

      Decatur Office Space For Sale

      4,100 sqft office space available in Decatur, Alabama.
      431 Johnston St SE, Decatur, AL 35601
      View Details
    • Contact for pricing
      4,866 SF

      Profitable Business and Real Estate

      Profitable business with real estate for sale in Decatur.
      2015 Westmead St SW, Decatur, AL 35601
      View Details
    • Contact for pricing

      Decatur Office Building For Sale

      Office building with flexible spaces, suitable for various businesses.
      1803 Somerville Rd SE, Decatur, AL 35601
      View Details
    • Contact for pricing

      Industrial Facility with Office Space

      39,060 SF industrial facility with office and manufacturing space.
      1314 State Docks Rd NW, Decatur, AL 35601
      View Details
    • Contact for pricing
      2,633 SF

      Retail Building with Drive-Thru

      Versatile retail building with drive-thru, ample parking, high visibility.
      1214 Moulton St, Decatur, AL 35601
      View Details
    • $1,650,000
      21,850 SF

      Decatur Commercial Property For Sale

      High-profile commercial property in Decatur's industrial complex.
      138 Valley Park Dr NW, Decatur, AL 35601
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      3,980 SF

      Decatur Commercial Space For Rent

      Multi-purpose building in high-traffic area with remodel options.
      1401 6Th Ave SE, Decatur, AL 35601
      View Details
    • Contact for pricing

      Decatur Office Suites For Rent

      Private office suites available for rent in Decatur, Alabama.
      1308 Church St Southeast, Decatur, AL 35601
      View Details
    • New
      $1,000 /Mo
      800 SF

      Office Suite on Central Parkway

      Available office suite with prominent corridor exposure and easy access for daily business operations.
      1431 Central Pkwy SW, Decatur, AL 35601
      View Details
    • New
      $1,200 /Mo
      1,200 SF

      Office Suite on Central Parkway

      Office space on a high-visibility corridor with strong day-to-day accessibility for businesses seeking a dependable presence.
      1431 Central Pkwy SW, Decatur, AL 35601
      View Details
    • Contact for pricing

      Decatur Office/Warehouse with Dock Doors

      Versatile Decatur office/warehouse with dock doors and highway access.
      1010 8Th Ave NE, Decatur, AL 35601
      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.
    302 1st SE Ave
    Decatur, AL 35601-2359
    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

    Thank You for Inquiry
    302 1st SE Ave, Decatur, AL, 35601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!