Property profile

402 Johnston SE St Decatur, AL 35601

OFF-MARKET
Commercial real estate
Property ID
US03-1090877
4,359 SF 0.25 ac lot Built 1936
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,959 square foot executive office space is ideally situated in the heart of Downtown Decatur, Alabama. Located at 402 Johnston St SE, 35601, this vacant, two-story building presents a unique opportunity for businesses seeking a prominent location. The property is zoned B-5, allowing for a variety of commercial uses. The interior features multiple potential workspaces, thoughtfully designed to accommodate diverse business needs. Ample bathroom facilities and a convenient kitchen are included, enhancing the functionality and comfort of the space. The building's strategic downtown location offers excellent visibility and accessibility, providing easy access to local amenities and a thriving business community. This property is priced at $500,000 and represents a compelling investment opportunity in a rapidly growing area. The substantial square footage provides ample room for expansion and customization, allowing businesses to tailor the space to their specific requirements. With its prime location and versatile layout, this property is poised to become a thriving hub for any discerning business. Serious inquiries are encouraged to explore the potential of this remarkable commercial property.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1936
Construction WOOD
Total area 4,359 SF
Lot 0.25 ac (10,850 SF)
APN 03-04-19-1-001-005.000
UPID US03-1090877

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Health Counselor Mental Health Service
  • Medical Clinic
  • Physician Medical Clinic

Location

402 Johnston SE St Decatur, AL 35601-3008
Decatur metro Census 400 DECATUR, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2025
1 recorded transaction
2025
$470,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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