Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Huntsville Commercial Land For Sale Title is generated by Realmo AI

    12004 SW Memorial Parkway S, Huntsville, AL 35803

    View on Map
    Claim this Listing
    For Sale
    $550,000

    COMMERCIAL - Huntsville, AL

    Lot size:
    1.69 Acres
    Added:
    Jan 25, 2026
    Days on Market:
    105
    Last Refresh:
    May 10 at 11:06 pm

    Property Features for 12004 SW Memorial Parkway S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    2304180002002000
    Lot size
    1.69 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Karen Harrison
    Karen Harrison

    Listing agent Karen Harrison License #65862

    Listing office Re/Max Alliance 507 Drake Ave Ste A, Huntsville, AL

    Listing date Jan 25, 2026

    MLS# 21892942 Listing URL

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on Hwy 231 Memorial Pkwy South with high traffic count
    • Zoned L1 for commercial use
    • Approximately 200' road frontage
    • Near restaurants and businesses
    • Proximity to Redstone Arsenal
    • Public water and sewer available

    Overview

    Two commercial lots are available. The property is located on Highway 231 Memorial Parkway South in Huntsville, Alabama. The site has approximately 200 feet of road frontage. The total lot size is 1.69 acres. The zoning is L1. The location is near restaurants, businesses, and Redstone Arsenal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5667725
    Latitude
    34.6094307

    Nearby Similar for Sale

    • $320,000

      Huntsville Commercial Property Auction

      Commercial property on 3 acres in fast-growing area.
      2600 Winchester Road, Huntsville, AL 35811
      View Details
    • $675,000
      4,075 SF

      Huntsville Commercial Property For Sale

      Versatile commercial property suitable for retail, office, or investment.
      5978 Pulaski Pike NW, Huntsville, AL 35810
      View Details
    • $1,600,000
      5,000 SF

      Huntsville Office Building For Sale

      5,000 SF office building in South Huntsville for sale.
      3609 S Memorial Parkway, Huntsville, AL 35801
      View Details
    • $570,000
      4,932 SF

      Huntsville Fourplex Townhouse Style Units

      Townhouse-style fourplex in Huntsville with convenient location and private parking.
      9008 Mahogany Row SE, Huntsville, AL 35802
      View Details
    • $449,900
      1,560 SF

      Huntsville Commercial Corner Lot

      Corner lot near Stovehouse, suitable for office or service shop.
      200 8th Street NW, Huntsville, AL 35805
      View Details
    • $570,000
      4,932 SF

      Huntsville Fourplex in Quiet Neighborhood

      Townhouse-style fourplex in Huntsville, convenient location, private parking.
      9002 Mahogany Row SE, Huntsville, AL 35802
      View Details
    • $3,590,000
      32,933 SF

      Unique Huntsville Commercial Building For Sale

      Versatile 32,933 SF building suitable for diverse uses.
      1435 Paramount Drive, Huntsville, AL 35806
      View Details
    • $391,900
      3,280 SF

      Huntsville Fourplex Investment Opportunity

      Four 2-bedroom apartments near UAH and downtown Huntsville.
      1505 Medland Road, Huntsville, AL 35816
      View Details
    • $599,900
      9,659 SF

      Huntsville Retail Investment Opportunity

      9,659 sq ft property ideal for retail ventures.
      2020 Country Club NW, Huntsville, AL 35816
      View Details
    • $995,000
      2,400 SF

      Huntsville Commercial Property with Business

      Profitable business and real estate opportunity in Huntsville, Alabama.
      8220 Stephanie Drive, Huntsville, AL 35802
      View Details
    • $500
      9,000 SF

      Huntsville Commercial Office Space

      Newly renovated office space perfect for small professional services.
      117 Wholesale Avenue NE, Huntsville, AL 35811
      View Details
    • $550,000
      8,581 SF

      Huntsville Commercial Redevelopment Opportunity

      Two buildings on two acres, great redevelopment potential.
      1107 Jordan Lane, Huntsville, AL 35816
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two commercial lots in prime location with high traffic count.
    Where is this commercial land located?
    The property is located at 12004 SW Memorial Parkway S Huntsville, AL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Prime location on Hwy 231 Memorial Pkwy South with high traffic count; Zoned L1 for commercial use; Approximately 200' road frontage
    (256) 226-5062
    We can help!
    Listing Contact
    Karen Harrison
    Karen Harrison
    Real Estate License ID: 65862
    Learn More
    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.
    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
    12004 SW Memorial Parkway S, Huntsville, AL 35803
    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!