Restaurant Property with
1010 HEATHLAND DRIVE, Huntsville, AL 35816
For Sale
$3,000,000
Commercial Sale, HUNTSVILLE, AL
Property Size6,500 SF
Lot Size1.41 Acres
Price / SF$461.54
Days on Market203
Property Features for 1010 HEATHLAND DRIVE
General Information
Property type
Property subtype
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Water source
Building Details
Floors in Building
Flooring type
Listing Agency:
LaunchPoint Realty & Co.
Listed By:
Cleo Smith · License AL #111047
(256) 270-3626
Added: Apr 23
Changed: Nov 6
Last Checked: Nov 11 at 1:06PM
MLS# 21915980
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.
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Investment Insights
Based on property information with market context.
This 6,500-square-foot restaurant property occupies a 1.41-acre parcel and includes a commercial kitchen with a walk-in freezer. The building also has two office spaces, storage, and parking. Interior flooring includes carpet, tile, and concrete, and the property has public water service. The stated potential uses include restaurant, event, lounge, and bar operations.
The property is one block from Mid City in Huntsville, Alabama.
The property is one block from Mid City in Huntsville, Alabama.
Key Highlights
- 6,500‑square‑foot building on a 1.41‑acre parcel
- Commercial kitchen with walk‑in freezer
- Two office spaces plus storage
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
—
—
no second resolved use
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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Open Analytics
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Food-service facilities include a walk-in freezer, two offices, storage, and parking.
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‑square‑foot building on a 1.41‑acre parcel; Commercial kitchen with walk‑in freezer; Two office spaces plus storage
