Mixed-Use Property with Rear
For Sale
$879,000
11590 Memorial Parkway South, Huntsville, AL 35803
A customer lobby, administrative office and warehouse space support a combination of retail and work-area functions.
Property Size6,776 SF
Price / SF$129.72
Days on Market193
Property Features for 11590 Memorial Parkway South
General Information
Standard status
Active
Size
6,776 SF
Property subtype
Retail
Site & Location
Fenced Yard
Yes
Mixed-Use Components
retail, office, warehouse
Warehouse & Industrial
Warehouse Space
4,000 SF
Office Build-Out
2,776 SF
Additional Details
Gross Income
$60,000
Tenant in Place
Yes
Property Use
Multi-Purpose Commercial/Retail
Amenities
customer lobby
chain link fencing
rear bays
Building Details
Building Size
6,776 SF
Buildings
1
Tenancy
Single
Listing Agency:
Russ Russell Real Estate
Listed By:
Russ Russell · License #25965
(256) 536-7777
Source:
Intownpartners
Added: Apr 21
Changed: Oct 27
Last Checked: Oct 27 at 4:09AM
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
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Investment Insights
Based on property information with market context.
This mixed-use commercial property totals 6,776 square feet, with 2,776 square feet of office space and approximately 4,000 square feet of warehouse area. The interior includes a customer lobby and administrative office, while four bays are positioned at the rear. A chain-link fence encloses the property. It is currently tenant-occupied.
Key Highlights
- 6,776‑square‑foot mixed‑use property
- 2,776 square feet of office space and approximately 4,000 square feet of warehouse area
- Four bays at the rear of the building
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.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
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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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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A customer lobby, administrative office and warehouse space support a combination of retail and work-area functions.
Where is this mixed-use property 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: 6,776‑square‑foot mixed‑use property; 2,776 square feet of office space and approximately 4,000 square feet of warehouse area; Four bays at the rear of the building
