Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29423 Old Highway 20 Huntsville, AL 35756

    Sponsored
    For Sale
    $8,361,000

    COMMERCIAL - Huntsville, AL

    Lot size:
    27.87 Acres
    Days on Market:
    19
    Last Refresh:
    Feb 28 at 11:06 am

    Property Features for 29423 Old Highway 20

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    17 06 24 0 000 003.000
    Lot size
    27.87 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Creek

    We can help!

    Listing Contact
    Keri Vellis

    RE/MAX Today (256) 468-2190

    Listing agent Keri Vellis (707) 888-7189 License #160389

    Listing date Feb 10, 2026

    MLS# 21909456

    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.

    Learn more

    Property Insight Report

    Overview

    Huntsville Commercial Land Opportunity

    This is a rare opportunity to acquire three adjoining parcels, which can be purchased collectively or individually. The parcels offer flexibility for estate buyers, developers, and investors. The three parcels are identified as: 17 06 24 0 000003.000, 17 06 24 000 002.011 and 17 06 24 0 000 002.012. The property is located in Huntsville, AL 35756. The lot size is 27.87 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Storage Facility Car Rental Facility Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.799691
    Latitude
    34.671493

    Nearby Similar for Sale

    • Contact for pricing
      9,000 SF

      Huntsville Commercial Office Space

      Newly renovated office space perfect for small professional services.
      117 Wholesale Ave NE, Huntsville, AL 35811
      View Details
    • $449,900
      1,560 SF

      Huntsville Commercial Corner Lot

      Corner lot near Stovehouse, suitable for office or service shop.
      200 8Th St NW, Huntsville, AL 35805
      View Details
    • $550,000
      2,050 SF

      Huntsville Office Conversion Opportunity

      Office conversion opportunity near medical district with residential office zoning.
      315 Longwood Dr, Huntsville, AL 35801
      View Details
    • $650,000
      2,172 SF

      Huntsville Office Space Near Medical

      Office space near medical district, easily converted, 2,172 SF.
      317 Longwood Dr, Huntsville, AL 35801
      View Details
    • $3,750,000
      32,933 SF

      Unique Building in West Huntsville

      Versatile 32,933 SF building suitable for various uses.
      1435 Paramount Dr, Huntsville, AL 35806
      View Details
    • $1,360,000
      7,500 SF

      Huntsville Commercial Property on Parkway

      Multi-purpose buildings with warehouse and office space for sale.
      11261 Memorial Pkwy S, Huntsville, AL 35803
      View Details
    • $275,000
      1,073 SF

      Renovated Commercial Space in Huntsville

      Fully renovated office and warehouse space with modern amenities.
      1916 Jordan Ln, Huntsville, AL 35816
      View Details
    • Contact for pricing
      4,102 SF

      Huntsville Stand-Alone Brick Office Building

      Stand-alone brick office building with multiple offices and amenities.
      929 Merchants Walk, Huntsville, AL 35801
      View Details
    • $595,000
      4,428 SF

      Huntsville Multifamily Investment Opportunity

      Four-unit property near Redstone Arsenal with recent updates.
      3504 Penny St SW, Huntsville, AL 35805
      View Details
    • $895,000
      7,200 SF

      Huntsville Commercial Building For Sale

      7,200 SF commercial building with warehouse and retail/office space.
      2733 University Dr, Huntsville, AL 35816
      View Details
    • $99,900
      3,200 SF

      Remodeled Office/Commercial Space For Sale

      Remodeled office/commercial space featuring modern updates and flexible layout.
      4820 University Dr NW, Huntsville, AL 35816
      View Details
    • $89,900
      3,200 SF

      Remodeled Commercial Space in Huntsville

      Recently remodeled office/commercial space with new features and upgrades.
      4820 University Dr NW, Huntsville, AL 35816
      View Details

    FAQs

    What type of property is this?
    Commercial land - Three adjoining parcels with multiple zoning designations for sale.
    Where is this commercial land located?
    The property is located at 29423 Old Highway 20 Huntsville, AL.
    What is the asking price?
    The asking price for this property is $8,361,000.
    What are key features of this property?
    This property features: - Rare opportunity to acquire three adjoining parcels.; - Multiple zoning designations offer unmatched flexibility.; - Suitable for estate buyers, developers, and investors.
    (707) 888-7189
    Request Owner's contact information
    29423 Old Highway 20 Huntsville, AL 35756
    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.
    29423 Old Highway 20
    Huntsville, AL 35756
    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
    29423 Old Highway 20 Huntsville, AL 35756
    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

    We can help!
    Listing Contact
    Keri Vellis
    Real Estate License ID: 160389
    (707) 888-7189
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!