Huntsville Retail Building For
For Sale
$932,900
1001 Memorial Parkway N, Huntsville, AL 35801
4,570 SF retail building in high-traffic Huntsville location.
Property Size4,570 SF
Price / SF$204.14
Days on Market207
Property Features for 1001 Memorial Parkway N
General Information
Standard status
Active
Size
4,570 SF
Property subtype
Retail
Building Details
Building Size
4,570 SF
Listed By:
Bart Smith, CCIM, SIOR
(256) 382-9014
Source:
Grahamcompany
Added: Mar 27
Changed: Oct 16
Last Checked: Oct 19 at 5:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bart Smith, CCIM, SIOR
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Investment Insights
Based on property information with market context.
This 4,570 SF free-standing retail building is located in Huntsville, AL, offering prime visibility. The property is suited for automotive use in its existing state. Located in a well-established, high-traffic area, it offers redevelopment potential. The sale includes the building only. The property is in a highly visible retail location with accessibility from Pulaski Pike, University Drive, and Memorial Parkway. Nearby tenants include Costco, Home Depot, and Planet Fitness. Neighboring restaurants include Zaxby's, Full Moon BBQ, and Starbucks. Situated in North/Central Huntsville, the site provides convenient access to major traffic thoroughfares.
Key Highlights
- Prime visibility and desirable location in Huntsville, AL.
- 4,570 SF free‑standing retail building.
- Excellent redevelopment potential in a high‑traffic location.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,855
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,100
$1.1M
Cap Rate 7%
$797,929
$797.9K
Cap Rate 9%
$620,611
$620.6K
Market Conditions
NOI Build-Up for 4,570 SF
Gross rent
$82.3K $18.00/SF
− Vacancy
−$2.5K −$0.54/SF
EGI
$79.8K $17.46/SF
− OpEx
−$23.9K −$5.24/SF
NOI
$55.9K $12.22/SF
Area
Huntsville, AL
Vacancy
3.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,100
Cap Rate 7%
$797,929
Cap Rate 9%
$620,611
Alternative Uses
Best Use
Retail
$797.9K
$698.2K – $930.9K
NOI $55,855 @ 7.0% cap · market cap 5.99%
Second Best
Industrial
$412.7K
$361.1K – $481.4K
NOI $28,886 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,302 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
355k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Superstores 25%
Home Improvements & Furnishings 19%
Shops & Services 17%
Costco Wholesale
Superstores
89,377 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
46,773 visits/mo
0.1 miles
Costco Gasoline
Shops & Services
28,684 visits/mo
0.2 miles
Krispy Kreme Doughnuts
Dining
24,943 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
21,728 visits/mo
0.2 miles
Demographics for 35801, AL
22,539
Population
11,225
Households
2
Avg Household Size
43
Median Age
55%
College-Educated
90%
High-School Grad
13.8 sq mi
ZIP Area
1,633
Density / Sq Mi
$103,125
Median Household Income
$60,370
Median Earnings
$1,130
Median Rent
$399,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 799 Oster Dr NW, Huntsville, AL 35816
- U-Haul Neighborhood Dealer — 2605 University Dr NW, Huntsville, AL 35816
- Truck Rental Center at The Home Depot — 1035 Memorial Pkwy NW, Huntsville, AL 35801
- Rental Now — 1220c N Memorial Pkwy, Huntsville, AL 35801
- U-Haul Neighborhood Dealer — 1628 Pulaski Pike NW Ste B, Huntsville, AL 35816
Frequently Asked Questions
What type of property is this?
Automotive property - 4,570 SF retail building in high-traffic Huntsville location.
Where is this automotive property located?
The property is located at 1001 Memorial Parkway N Huntsville, AL.
What is the asking price?
The asking price for this property is $932,900.
What are key features of this property?
This property features: Prime visibility and desirable location in Huntsville, AL.; 4,570 SF free‑standing retail building.; Excellent redevelopment potential in a high‑traffic location.
