Multi-Use Retail and Warehouse
11590 Memorial Parkway S Huntsville, AL 35803
11590 Memorial Parkway S, Huntsville, AL, 35803
$879,000
For Sale
$879,000
COMMERCIAL - Huntsville, AL
Property Size6,776 SF
Lot Size0.43 Acres
Price / SF$129.72
Days on Market27
Property Features for 11590 Memorial Parkway S
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 2303072003074.000
- Size
- 6,776 SF
- Lot size
- 0.43 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Concrete
- Roof type
- Metal
Listing Agency
Russ Russell Real Estate
(256) 536-7777
923-C Merchants Walk, Huntsville, AL
Listed by
Russ Russell · License #25965
(256) 527-7777
Added: Jun 22 Checked: Jul 18 at 8:06 pm
MLS# 21915761
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Investment Insights
Based on property information with market context.
This multi-purpose commercial facility combines customer-facing and functional back-of-house space. The building includes a lobby for customers, an admin office, and warehouse space designed for storage or work use. A chain link fenced area supports controlled access, and there are four rear bays to support loading or operational needs.
The property is located on Memorial Parkway S in South Huntsville, within Madison County. With highway-adjacent visibility, the site offers straightforward commercial frontage alongside practical on-site warehouse functionality.
For buyers seeking a flexible space that can support both office and warehouse needs, the layout provides dedicated customer space along with back-of-house storage or work area. The property is currently tenant occupied at $5,000 per month, which may appeal to investors looking for an income-producing asset while maintaining the option to adapt the warehouse and office components to future operational requirements.
The property is located on Memorial Parkway S in South Huntsville, within Madison County. With highway-adjacent visibility, the site offers straightforward commercial frontage alongside practical on-site warehouse functionality.
For buyers seeking a flexible space that can support both office and warehouse needs, the layout provides dedicated customer space along with back-of-house storage or work area. The property is currently tenant occupied at $5,000 per month, which may appeal to investors looking for an income-producing asset while maintaining the option to adapt the warehouse and office components to future operational requirements.
Key Highlights
- Multi‑purpose commercial/retail building with 6,776 SF total space
- Tenant occupied at $5,000 per month
- Layout includes customer lobby, admin office, and warehouse/storage work area
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.0k | $18.00 |
| − Vacancy | −$9.8k | −$1.44 |
| EGI | $112.2k | $16.56 |
| − OpEx | −$39.3k | −$5.80 |
| NOI | $72.9k | $10.76 |
6,776 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$1.18M
$1.04M – $1.38M
NOI $82,816 @ 7.0% cap · market cap 9.42%
Second Best
Flex RnD
$1.04M
$911.7K – $1.22M
NOI $72,937 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,513 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Best Stamped Concrete
Construction Company
Quality Car Care, ...
Car Wash
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FAQs
What type of property is this?
Flex space - Versatile commercial facility with customer lobby, office space, fenced yard, and rear warehouse bays for storage or work areas.
Where is this flex space located?
The property is located at 11590 Memorial Parkway S Huntsville, AL.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Multi‑purpose commercial/retail building with 6,776 SF total space; Tenant occupied at $5,000 per month; Layout includes customer lobby, admin office, and warehouse/storage work area
