Restaurant Property with Commercial
For Sale
$3,000,000
1010 Heathland Drive, Huntsville, AL 35816
The layout includes two large offices, storage areas, parking, and a walk-in freezer.
Property Size6,500 SF
Price / SF$461.54
Days on Market98
Property Features for 1010 Heathland Drive
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Business Opportunity
Building Details
Buildings
1
Listing Agency:
South Towne Realtors, LLC
Listed By:
Laran Adkins · License #128358
(256) 630-1918
Source:
Laranadkins.idxbroker
Added: Jul 10
Changed: Oct 10
Last Checked: Oct 14 at 7:40PM
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 South Towne Realtors, LLC
Investment Insights
Based on property information with market context.
This 6,500-square-foot restaurant property includes a full commercial kitchen supported by a walk-in freezer. The interior also provides two large offices, storage areas, and substantial on-site parking. The configuration is suited to restaurant operations and can also accommodate event space, lounge, or bar uses.
The property is positioned one block from Mid City Huntsville at 1010 Heathland Drive in Huntsville, Alabama. Its existing kitchen infrastructure, office component, storage, and parking create a functional commercial setup for a food-service or hospitality operation.
The property is positioned one block from Mid City Huntsville at 1010 Heathland Drive in Huntsville, Alabama. Its existing kitchen infrastructure, office component, storage, and parking create a functional commercial setup for a food-service or hospitality operation.
Key Highlights
- 6,500 SQ FT restaurant property
- Full commercial kitchen with walk‑in freezer
- Two large office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,792
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,840
$1.8M
Cap Rate 7%
$1,297,029
$1.3M
Cap Rate 9%
$1,008,800
$1.0M
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$124.8K $19.20/SF
− Vacancy
−$3.7K −$0.58/SF
EGI
$121.1K $18.62/SF
− OpEx
−$30.3K −$4.66/SF
NOI
$90.8K $13.97/SF
Area
Huntsville, AL
Vacancy
3.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,840
Cap Rate 7%
$1,297,029
Cap Rate 9%
$1,008,800
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.13M – $1.51M
NOI $90,792 @ 7.0% cap · market cap 3.03%
Second Best
Industrial
$586.9K
$513.6K – $684.8K
NOI $41,085 @ 7.0% cap · market cap 1.37%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,482 @ 7.0% cap · market cap 3.95%
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
883
Businesses Nearby
557k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Superstores 18%
Shops & Services 13%
Electronics 11%
Sam's Club
Superstores
102,437 visits/mo
0.3 miles
Best Buy
Electronics
54,889 visits/mo
0.2 miles
Trader Joe's
Groceries
47,897 visits/mo
0.2 miles
HomeGoods
Home Improvements & Furnishings
28,353 visits/mo
0.2 miles
Sam's Club Gas Station
Shops & Services
28,182 visits/mo
0.2 miles
Demographics for 35816, AL
15,035
Population
7,972
Households
1.9
Avg Household Size
28
Median Age
27%
College-Educated
88%
High-School Grad
5.1 sq mi
ZIP Area
2,948
Density / Sq Mi
$38,947
Median Household Income
$28,060
Median Earnings
$875
Median Rent
$114,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The layout includes two large offices, storage areas, parking, and a walk-in freezer.
Where is this conventional restaurant located?
The property is located at 1010 Heathland Drive Huntsville, AL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 6,500 SQ FT restaurant property; Full commercial kitchen with walk‑in freezer; Two large office spaces
