Flex Warehouse with
11590 Memorial Parkway South Huntsville, AL 35803
11590 Memorial Parkway South, Huntsville, AL, 35803
$879,000
For Sale
$879,000
Multi-purpose building includes customer lobby, admin office, and warehouse storage or work space behind chain-link fencing.
Property Size6,776 SF
Price / SF$129.72
Days on Market94
Property Features for 11590 Memorial Parkway South
General Information
- Standard status
- Active
- Size
- 6,776 SF
- Property subtype
- Commercial
Listing agency
Russ Russell Real Estate
(256) 536-7777
Listed by
Russ Russell · License #25965
(256) 536-7777
Source
Alabamaland
Added: Apr 21 Updated: Jul 22 at 3:02PM Checked: Jul 22 at 3:02PM
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 Russ Russell Real Estate
Investment Insights
Based on property information with market context.
This multi-purpose commercial building is configured with a customer lobby and an admin office, along with warehouse space suited for storage or work areas. The rear portion includes four bays, and the property is enclosed with chain-link fencing and described as ready for occupancy.
The offering is presented as a retail/commercial investment property positioned for high visibility in South Huntsville. The building is tenant occupied, with the provided rent noted at $5,000 per month.
The property totals 6,776 SF, with approximately 2,776 SF of office space and approximately 4,000 SF of warehouse space, as stated.
The offering is presented as a retail/commercial investment property positioned for high visibility in South Huntsville. The building is tenant occupied, with the provided rent noted at $5,000 per month.
The property totals 6,776 SF, with approximately 2,776 SF of office space and approximately 4,000 SF of warehouse space, as stated.
Key Highlights
- Multi‑purpose commercial/retail building totaling 6,776 SF with customer lobby, admin office, and warehouse space
- Admin office plus approx. 4,000 SF of warehouse/storage or work space behind chain‑link fencing
- 4 rear bays for added storage or operational flexibility
Local Financial Insights For Flex RnD
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 | $122.0k | $18.00 |
| − Vacancy | −$9.8k | −$1.44 |
| EGI | $112.2k | $16.56 |
| − OpEx | −$39.3k | −$5.80 |
| NOI | $72.9k | $10.76 |
6,776 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,567 @ 7.0% cap · market cap 9.85%
Second Best
Flex RnD
$1.04M
$911.7K – $1.22M
NOI $72,937 @ 7.0% cap · market cap 8.30%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Best Stamped Concrete
Construction Company
Quality Car Care, ...
Car Wash
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FAQs
What type of property is this?
Flex space - Multi-purpose building includes customer lobby, admin office, and warehouse storage or work space behind chain-link fencing.
Where is this flex space located?
The property is located at 11590 Memorial Parkway South 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: Multi‑purpose commercial/retail building totaling 6,776 SF with customer lobby, admin office, and warehouse space; Admin office plus approx. 4,000 SF of warehouse/storage or work space behind chain‑link fencing; 4 rear bays for added storage or operational flexibility
