Two-Building Warehouse
For Sale
$1,360,000
Pending
11261 MEMORIAL PARKWAY S, Huntsville, AL 35803
Commercial Sale, HUNTSVILLE, AL
Property Size7,500 SF
Lot Size1.00 Acre
Days on Market570
Property Features for 11261 MEMORIAL PARKWAY S
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot, Driveway
Security features
Security System
Lot features
High Visibility
Directions
JUST SOUTH OF MEADOWBROOK DRIVE ON THE EAST SIDE OF THE PARKWAY.
Standard status
Pending
APN
2303061003011000
Size
7,500 SF
Lot size
1.00 Acre
Additional Details
Property Use
Warehouse, Storage
Utilities
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Buildings
2
Listing Agency:
Russ Russell Real Estate
(256) 536-7777
Listed By:
Russ Russell · License #25965
(256) 527-7777
Added: Apr 9, 2025
Changed: Oct 29
Last Checked: Oct 30 at 6:06AM
MLS# 21885799
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 one-acre Huntsville property includes two buildings. The primary warehouse has 7,500 square feet of warehouse space and 2,400 square feet of heated and cooled office area. Four overhead doors serve the warehouse, including two that are 17 feet high. A separate 2,400-square-foot cinder block building is used for storage.
The site has rear fencing, with paved and graveled areas, a parking lot, and a driveway. The buildings are located on Memorial Parkway South. Metal siding and roofing, concrete flooring, and public water are also noted.
The site has rear fencing, with paved and graveled areas, a parking lot, and a driveway. The buildings are located on Memorial Parkway South. Metal siding and roofing, concrete flooring, and public water are also noted.
Key Highlights
- 7,500 square feet of warehouse area plus 2,400 square feet of heated and cooled office space
- Four overhead doors, including two 17‑foot doors
- Separate 2,400‑square‑foot cinder block storage building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,967
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,340
$1.1M
Cap Rate 7%
$770,957
$771.0K
Cap Rate 9%
$599,633
$599.6K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$67.5K $9.00/SF
− Vacancy
−$4.0K −$0.53/SF
EGI
$63.5K $8.47/SF
− OpEx
−$9.5K −$1.27/SF
NOI
$54.0K $7.20/SF
Area
Huntsville, AL
Vacancy
5.94%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,340
Cap Rate 7%
$770,957
Cap Rate 9%
$599,633
Alternative Uses
Best Use
Warehouse
$771.0K
$674.6K – $899.5K
NOI $53,967 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,710 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35803, AL
29,001
Population
13,272
Households
2.2
Avg Household Size
43
Median Age
54%
College-Educated
96%
High-School Grad
49.2 sq mi
ZIP Area
589
Density / Sq Mi
$95,182
Median Household Income
$53,416
Median Earnings
$1,221
Median Rent
$259,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Near2Me Storage Units — 11701 s memorial pkwy, huntsville, al 35803
- CubeSmart Self Storage — 11202 Memorial Pkwy SW, Huntsville, AL 35803
- Komzen — 11199 S Memorial Pkwy, Huntsville, AL 35803
- Parkway Mini Storage — 10095 Memorial Pkwy SW, Huntsville, AL 35803
Frequently Asked Questions
What type of property is this?
Warehouse - A warehouse with conditioned office space is complemented by a separate block building used for storage.
Where is this warehouse located?
The property is located at 11261 MEMORIAL PARKWAY S Huntsville, AL.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: 7,500 square feet of warehouse area plus 2,400 square feet of heated and cooled office space; Four overhead doors, including two 17‑foot doors; Separate 2,400‑square‑foot cinder block storage building
