Residential-to-Office Conversion
315 Longwood Drive Huntsville, AL 35801
315 Longwood Drive, Huntsville, AL, 35801
$550,000
For Sale
$550,000
SINGLE_FAMILY - Huntsville, AL
Property Size2,050 SF
Lot Size0.26 Acres
Price / SF$268.29
Days on Market45
Property Features for 315 Longwood Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 1701013001004.000
- Size
- 2,050 SF
- Lot size
- 0.26 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Flooring type
- Wood
- Roof type
- Shingle
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 4 Checked: Jul 18 at 8:06 pm
MLS# 21919950
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Investment Insights
Based on property information with market context.
This property is a single-family structure positioned for conversion to office use. The offering includes approximately 2,050 square feet and features three bedrooms, two bathrooms, a kitchen, a den, and additional interior space that could be repurposed to support an office layout. The property sits on an approximately 0.26-acre lot.
The site is zoned RO2 (Residential Office 2 District) and is described as being near the medical district. The public remarks indicate it is directly behind the UAB Medical Building on Governor’s Drive.
For tenants, buyers, or owner-operators looking for a flexible, smaller-format office option, the current room configuration may support multiple work areas such as private offices and common space depending on the intended floorplan. Given the RO2 zoning and the property’s proximity to a medical-oriented location, it may align with professional services and office-based uses that benefit from being close to healthcare activity. See images for the area map.
The site is zoned RO2 (Residential Office 2 District) and is described as being near the medical district. The public remarks indicate it is directly behind the UAB Medical Building on Governor’s Drive.
For tenants, buyers, or owner-operators looking for a flexible, smaller-format office option, the current room configuration may support multiple work areas such as private offices and common space depending on the intended floorplan. Given the RO2 zoning and the property’s proximity to a medical-oriented location, it may align with professional services and office-based uses that benefit from being close to healthcare activity. See images for the area map.
Key Highlights
- Zoned RO2 (Residential Office 2 District) on 0.26 acres, near the medical district and directly behind UAB Medical Building on Governor's Drive
- House includes 2,050 SF with 3 bedrooms and 2 baths plus kitchen, den, and extra space
- Potential conversion to office space per RO2 zoning and proximity to nearby medical uses
Local Financial Insights For Office B
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 | $41.1k | $20.04 |
| − Vacancy | −$6.2k | −$3.01 |
| EGI | $34.9k | $17.03 |
| − OpEx | −$8.7k | −$4.26 |
| NOI | $26.2k | $12.78 |
2,050 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$374.1K
$327.4K – $436.5K
NOI $26,190 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$533.8K
$467.1K – $622.8K
NOI $37,367 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Zoned RO2 and near the medical district, this 2,050 SF home offers space well-suited for office conversion.
Where is this office units located?
The property is located at 315 Longwood Drive 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: Zoned RO2 (Residential Office 2 District) on 0.26 acres, near the medical district and directly behind UAB Medical Building on Governor's Drive; House includes 2,050 SF with 3 bedrooms and 2 baths plus kitchen, den, and extra space; Potential conversion to office space per RO2 zoning and proximity to nearby medical uses
