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Multi-Purpose Commercial Flex Building

4058 Memorial Parkway S Huntsville, AL 35802

New
4058 Memorial Parkway S, Huntsville, AL, 35802
$450,000
For Sale
Claim this Listing
$450,000

COMMERCIAL - Huntsville, AL

Property Size2,448 SF
Lot Size0.38 Acres
Price / SF$183.82
AddedJul 14
Days on Market1
Last RefreshJul 14 at 5:06 pm

Property Features for 4058 Memorial Parkway S

General Information

Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Standard status
Active
Size
2,448 SF
Lot size
0.38 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 agent Russ Russell License #25965

Listing office Russ Russell Real Estate 923-C Merchants Walk, Huntsville, AL

Listing date Jul 14, 2026

MLS# 21923647

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.


Investment Insights

Based on property information with market context.

This 2,448 SF multi-purpose commercial flex building was updated in 2012 with new 12-ton HVAC, electrical and plumbing fixtures, and a security system. The interior includes two updated restrooms, a private office with built-ins, a storage room, and an 8-foot drive-thru door. Epoxy flooring was installed in 2021, and the property is equipped with WiFi, with ceiling heights of 10 and 12 feet.

The building sits on a large lot suitable for future building expansion and is positioned next to the corner of Memorial Parkway S and Golf Road, within the Huntsville (HSV) area.

With its flexible layout, drive-thru access, and finished office and restroom amenities, the space can support a range of small retail or industrial uses.

Key Highlights

  • 2,448 SF multi‑purpose commercial building updated in 2012 for future expansion
  • 12‑ton HVAC system updated in 2012, with electrical and plumbing fixtures added
  • 8‑ft drive‑thru door plus private office with built‑ins and storage room

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 $44.1k $18.00
− Vacancy −$3.5k −$1.44
EGI $40.5k $16.56
− OpEx −$14.2k −$5.80
NOI $26.4k $10.76
2,448 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$376.4K
$329.4K – $439.2K (±1% cap)
NOI $26,350 @ 7.0% cap · market cap 5.86%
Second Best
Industrial
$221.0K
$193.4K – $257.9K (±1% cap)
NOI $15,473 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$637.5K
$557.8K – $743.7K (±1% cap)
NOI $44,622 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Parking Lot & Garage Storage Facility Skin Care Clinic Kitchen & Bath Showroom HVAC Service Grocery & Convenience Store

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

FAQs

What type of property is this?
Flex space - Updated 2,448 SF flex building with drive-thru door, private office, 10- and 12-foot ceilings, and epoxy flooring.
Where is this flex space located?
The property is located at 4058 Memorial Parkway S Huntsville, AL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,448 SF multi‑purpose commercial building updated in 2012 for future expansion; 12‑ton HVAC system updated in 2012, with electrical and plumbing fixtures added; 8‑ft drive‑thru door plus private office with built‑ins and storage room
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