Redevelopment Opportunity on High Traffic
1107 Jordan Ln Nw Huntsville, AL 35816
1107 Jordan Ln Nw, Huntsville, AL, 35816
$550,000
For Sale
$550,000
Two buildings on two acres, great redevelopment opportunity.
Property Size6,181 SF
Lot Size2.00 Acres
Price / SF$88.98
Days on Market574
Property Features for 1107 Jordan Ln Nw
General Information
- Standard status
- Active
- Size
- 6,181 SF
- Lot size
- 2.00 Acres
- Property subtype
- Business Opportunity
Listing Agency
Leading Edge, R.E. Group
(256) 653-2517
Listed by
Oliner Bowers · License #89911
(256) 653-2517
Source
Exprealty
Added: Dec 20, 2024 Checked: Jul 15 at 10:45 pm
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 Leading Edge, R.E. Group
Investment Insights
Based on property information with market context.
This property presents a redevelopment opportunity with two buildings situated on two acres. The first building, encompassing 6181 square feet, is offered in "AS IS WHERE IS" condition with no repairs to be made, and can be repurposed for a variety of uses. The second building is a 2400 square foot prefab structure featuring electricity, a concrete slab, a roll-up door, and one standard door. Equipment will be removed from the second building. The property benefits from its proximity to University Drive and I565, with direct access to Jordan Lane. A 4-foot chain link 9-gauge concrete setting is present.
Key Highlights
- Great redevelopment opportunity with 2 buildings on 2 acres.
- High traffic location near University Dr, I565, and direct access to Jordan LN.
- Building #1: 6,181 sq. ft. suitable for a variety of uses.
Local Financial Insights For Industrial
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 | $59.3k | $9.60 |
| − Vacancy | −$3.5k | −$0.57 |
| EGI | $55.8k | $9.03 |
| − OpEx | −$16.7k | −$2.71 |
| NOI | $39.1k | $6.32 |
6,181 SF · lease $9.60/SF/yr · vacancy 5.94% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$950.5K
$831.7K – $1.11M
NOI $66,532 @ 7.0% cap · market cap 12.10%
Second Best
Industrial
$558.1K
$488.4K – $651.2K
NOI $39,069 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,667 @ 7.0% cap · market cap 20.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Two buildings on two acres, great redevelopment opportunity.
Where is this commercial land located?
The property is located at 1107 Jordan Ln Nw Huntsville, AL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Great redevelopment opportunity with 2 buildings on 2 acres.; High traffic location near University Dr, I565, and direct access to Jordan LN.; Building #1: 6,181 sq. ft. suitable for a variety of uses.
