Huntsville Office Building For
3609 S Memorial Parkway Huntsville, AL 35801
3609 S Memorial Parkway, Huntsville, AL, 35801
$1,600,000
For Sale
$1,600,000
SINGLE_FAMILY - Huntsville, AL
Property Size4,700 SF
Lot Size0.58 Acres
Price / SF$340.43
Days on Market51
Property Features for 3609 S Memorial Parkway
General Information
- Property type
- Residential
- Property subtype
- Office
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 1706131000006000
- Size
- 4,700 SF
- Lot size
- 0.58 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Flooring type
- Carpet
- 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: May 29 Checked: Jul 18 at 8:06 pm
MLS# 21917118
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Investment Insights
Based on property information with market context.
This is an approximately 4,700 square foot office building for sale. It features two separate office suites that can be combined to create a single, larger office space. The property is highly visible from the Parkway on the North bound access road, situated in a heavily populated area of South Huntsville. It is located across from the Stadium Commons development site and the John Hunt Sports Complex. The sale includes a 0.32 acre lot directly behind the building, bringing the total property size to 0.58 acres.
Key Highlights
- Highly visible location on the North bound access road in South Huntsville.
- Two separate office suites that can be combined.
- Includes .58 acres of property with a .32 acre lot behind the building.
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 | $94.2k | $20.04 |
| − Vacancy | −$14.1k | −$3.01 |
| EGI | $80.1k | $17.03 |
| − OpEx | −$20.0k | −$4.26 |
| NOI | $60.0k | $12.78 |
4,700 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$857.8K
$750.6K – $1.00M
NOI $60,045 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,672 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Farmers Insurance - Roger ...
Insurance Agency
C&A Printing
Marketing & Advertising
Brazilian Wax Co.
Spa & Massage Center
FLS, Inc. dba ...
Translation Service
Based Brows
Medical Clinic
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FAQs
What type of property is this?
Office building - 4,700 SF office building in South Huntsville for sale.
Where is this office building located?
The property is located at 3609 S Memorial Parkway Huntsville, AL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Highly visible location on the North bound access road in South Huntsville.; Two separate office suites that can be combined.; Includes .58 acres of property with a .32 acre lot behind the building.
