Mixed-Use Property with Rear
11590 MEMORIAL PARKWAY S, Huntsville, AL 35803
For Sale
$879,000
Commercial Sale, HUNTSVILLE, AL
Property Size6,776 SF
Lot Size0.43 Acres
Price / SF$129.72
Days on Market205
Property Features for 11590 MEMORIAL PARKWAY S
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Mixed-Use Components
Property Use
Utilities
Heating system
Cooling system
Water source
Building Details
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Russ Russell Real Estate
(256) 536-7777
Listed By:
Russ Russell · License AL #25965
(256) 527-7777
Added: Apr 21
Changed: Oct 29
Last Checked: Nov 11 at 6:06AM
MLS# 21915761
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Investment Insights
Based on property information with market context.
This 6,776-square-foot mixed-use building combines 2,776 square feet of office area with approximately 4,000 square feet of warehouse space. The office layout includes a customer lobby and administrative office; four bays are positioned at the rear. The 0.43-acre site is enclosed by chain-link fencing and has a parking lot.
Metal siding and a metal roof top the building, with concrete flooring, central air conditioning, and heat-pump heating. Public water serves the property at 11590 Memorial Parkway S in Huntsville.
Metal siding and a metal roof top the building, with concrete flooring, central air conditioning, and heat-pump heating. Public water serves the property at 11590 Memorial Parkway S in Huntsville.
Key Highlights
- 6,776‑square‑foot building on 0.43 acres
- 2,776 Sq.Ft. of office area and approx. 4,000 Sq.Ft. of warehouse space
- Four rear bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,757
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,140
$975.1K
Cap Rate 7%
$696,529
$696.5K
Cap Rate 9%
$541,744
$541.7K
Market Conditions
NOI Build-Up for 6,776 SF
Gross rent
$61.0K $9.00/SF
− Vacancy
−$3.6K −$0.53/SF
EGI
$57.4K $8.47/SF
− OpEx
−$8.6K −$1.27/SF
NOI
$48.8K $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%
$975,140
Cap Rate 7%
$696,529
Cap Rate 9%
$541,744
Alternative Uses
Best Use
Retail
$1.18M
$1.04M – $1.38M
NOI $82,816 @ 7.0% cap · market cap 9.42%
Second Best
Mixed Use
$1.17M
$1.02M – $1.36M
NOI $81,820 @ 7.0% cap · market cap 9.31%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,513 @ 7.0% cap · market cap 14.05%
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
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and warehouse areas include a customer lobby and administrative workspace.
Where is this mixed-use property located?
The property is located at 11590 MEMORIAL PARKWAY S Huntsville, AL.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: 6,776‑square‑foot building on 0.43 acres; 2,776 Sq.Ft. of office area and approx. 4,000 Sq.Ft. of warehouse space; Four rear bays
