Fully Leased Storefront
For Sale
Contact for pricing
11563 Memorial Parkway Southwest, Huntsville, AL 35803
Established commercial space in South Huntsville’s active retail corridor with Light Industrial zoning.
Property Size7,000 SF
Price / SF$183.57
Days on Market168
Property Features for 11563 Memorial Parkway Southwest
General Information
Standard status
Active
Size
7,000 SF
Class
C
Property subtype
Retail, Office, Industrial
Zoning
LI
Occupancy
100%
Lease Type
Modified Gross
Building Details
Year Built
1959
Year Renovated
2020
Buildings
2
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Taylor Properties
Listed By:
Dustin Taylor · License #AL 86399
(256) 683-3876
Source:
Crexi
Added: May 1
Changed: Oct 8
Last Checked: Oct 15 at 12:05AM
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 Taylor Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,000-square-foot storefront property was constructed in 1959 and is fully leased, providing an established retail configuration within South Huntsville. The building carries LI, or Light Industrial, zoning, supporting its commercial setting.
The property sits along South Huntsville’s active commercial corridor, serving the surrounding residential base. Nearby businesses include national retailers and quick-service restaurants, while the site offers convenient access and visibility along the corridor.
The property sits along South Huntsville’s active commercial corridor, serving the surrounding residential base. Nearby businesses include national retailers and quick-service restaurants, while the site offers convenient access and visibility along the corridor.
Key Highlights
- Fully leased storefront property
- 7,000 square feet of building area
- LI, or Light Industrial, zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,554
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,711,080
$1.7M
Cap Rate 7%
$1,222,200
$1.2M
Cap Rate 9%
$950,600
$950.6K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$126.0K $18.00/SF
− Vacancy
−$3.8K −$0.54/SF
EGI
$122.2K $17.46/SF
− OpEx
−$36.7K −$5.24/SF
NOI
$85.6K $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%
$1,711,080
Cap Rate 7%
$1,222,200
Cap Rate 9%
$950,600
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.43M
NOI $85,554 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.13M
NOI $127,596 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
255k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 31%
Superstores 30%
Groceries 5%
Walmart
Superstores
76,472 visits/mo
0.3 miles
MAPCO Mart
Shops & Services
15,487 visits/mo
0.4 miles
Murphy USA
Shops & Services
13,841 visits/mo
0.2 miles
Starbucks
Dining
13,660 visits/mo
0.2 miles
Aldi
Groceries
13,494 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Established commercial space in South Huntsville’s active retail corridor with Light Industrial zoning.
Where is this storefront property located?
The property is located at 11563 Memorial Parkway Southwest Huntsville, AL.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Fully leased storefront property; 7,000 square feet of building area; LI, or Light Industrial, zoning
