Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    722 Bank NE St Decatur, AL 35601-1610
    Back to Search
    Property profile & analytics

    722 Bank NE St, Decatur, AL 35601-1610

    View on Map
    • Medical Office Space
    • 1,900 SF
    • 0.07 lot acres
    Off-Market
    Last Sale Jun 26, 2023
    $400,000
    Property ID
    US03-1187749
    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

    • Hailos / Clothing Store

    Property Details for 722 Bank NE St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    03-04-18-1-032-006.000
    APU
    304181032006000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 26, 2023 $400,000 Christopher J Hendry Price Wilburn LLC Warranty Deed —
    Nov 18, 2022 — Price Wilburn LLC — Deed · related $135k · First Metro Bank
    Mar 15, 2019 $160,000 Price Wilburn LLC Jamie D Hood Warranty Deed —
    Nov 29, 2017 — Jamie D Hood — Deed · related $121k · Cb&s Bank INC
    Mar 15, 2009 $6,000 Jere H Weaver Jerry L Robert Paasch Deed —

    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
    -86.9847
    Latitude
    34.6125
    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
    $1,436
    $3,080
    $28,620
    $31,700
    -
    $15,400
    $143,100
    $158,500

    Comparable in this City

    • Value Estimation by Request
      3,645 SF

      1213 13th SE Ave

      MEDICAL BUILDING
      1213 13th SE Ave, Decatur, AL 35601-4311
      View Details
    • Value Estimation by Request
      1,616 SF

      1906 Flint SE Rd

      MEDICAL BUILDING
      1906 Flint SE Rd, Decatur, AL 35601-6025
      View Details
    • Value Estimation by Request
      1,667 SF

      1906 Flint SE Rd

      MEDICAL BUILDING
      1906 Flint SE Rd, Decatur, AL 35601-6025
      View Details
    • Value Estimation by Request
      6,769 SF

      1121 Somerville SE Rd

      MEDICAL BUILDING
      1121 Somerville SE Rd, Decatur, AL 35601-3256
      View Details
    • Value Estimation by Request
      1,996 SF

      1823 Somerville SE Rd

      MEDICAL BUILDING
      1823 Somerville SE Rd, Decatur, AL 35601-5015
      View Details
    • Value Estimation
      $535,000
      3,590 SF

      1313 13th SE Ave

      MEDICAL BUILDING
      1313 13th SE Ave, Decatur, AL 35601-4308
      View Details

    Similar Nearby for Sale

    • 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
    • New
      $340,000
      2,400 SF

      Office Building with Four Suites

      Four-suite office property offered for sale with recent roof and electrical upgrades.
      1803 Somerville Rd SE, Decatur, AL 35601
      View Details
    • $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
    • 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

      Office Building with Adjacent Lot

      1,200 SF office building with parking and storage shed.
      908 4Th Ave, 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

    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.
    722 Bank NE St
    Decatur, AL 35601-1610
    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
    722 Bank NE St, 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!