Historic Yarbrough Office
For Sale
Contact for pricing
120 E Holmes Avenue, Huntsville, AL 35801
Boutique office building in downtown Huntsville entertainment district.
Property Size43,670 SF
Price / SF$0.00
Days on Market192
Property Features for 120 E Holmes Avenue
General Information
Standard status
Active
Size
43,670 SF
Class
C
Property subtype
Office
Lease Term
NNN; Full Service
Building Details
Building Size
43,670 SF
Year Built
1923
Properties For Sale
at 120 E Holmes Avenue Contact usSuite 030
Size
2,038 SF
Type
Office Building
Term
Negotiable
Suite 116
Size
2,179 SF
Type
Restaurant
Term
Negotiable
Suite 401
Size
1,674 SF
Type
Office Building
Term
Negotiable
Suite 403
Size
1,297 SF
Type
Executive Suites
Term
Negotiable
Listing Agency:
NAI Chase Commercial | Birmingham
Listed By:
Gregg Hess · License #AL #000108212-0
(256) 655-8483
Source:
Chasecommercial
Added: Apr 8
Changed: Oct 4
Last Checked: Oct 14 at 8:49PM
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 NAI Chase Commercial | Birmingham
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Investment Insights
Based on property information with market context.
The historic Yarbrough office building, a first-class boutique office building listed on the National Register of Historic Places, contains approximately 43,670 square feet. It is situated at the southwest corner of Washington and Holmes Street, offering direct access to the only I-565 interchange that accesses the downtown area. This location provides ready access from the Huntsville International Airport and surrounding areas. The interstate system facilitates access from areas such as Nashville, Tennessee, and Louisville, Kentucky, to the North, and Birmingham and Montgomery to the south. The building offers unique office space with historic charm. There are spaces available for a restaurant or bar. It is located in the Downtown Huntsville Entertainment District, which is pedestrian-friendly and within walking distance to Huntsville's downtown restaurants, pubs, Big Spring Park, and Von Braun Center. Convenient parking is available, and there is easy access to Memorial Parkway and I-565.
Key Highlights
- Historic building listed on the National Register of Historic Places.
- Direct access to I‑565 interchange for convenient commuting.
- Located in the Downtown Huntsville Entertainment District.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$557,906
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,158,120
$11.2M
Cap Rate 7%
$7,970,086
$8.0M
Cap Rate 9%
$6,198,956
$6.2M
Market Conditions
NOI Build-Up for 43,670 SF
Gross rent
$875.1K $20.04/SF
− Vacancy
−$131.3K −$3.01/SF
EGI
$743.9K $17.03/SF
− OpEx
−$186.0K −$4.26/SF
NOI
$557.9K $12.78/SF
Area
Huntsville, AL
Vacancy
15.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,158,120
Cap Rate 7%
$7,970,086
Cap Rate 9%
$6,198,956
Alternative Uses
Best Use
Office B
$7.97M
$6.97M – $9.30M
NOI $557,906 @ 7.0% cap · market cap 4,649,216.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.37M
$9.95M – $13.27M
NOI $796,017 @ 7.0% cap · market cap 6,633,475.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,532
Businesses Nearby
Explore this area
Business Placement
Demographics for 35801, AL
22,539
Population
11,225
Households
2
Avg Household Size
43
Median Age
55%
College-Educated
90%
High-School Grad
13.8 sq mi
ZIP Area
1,633
Density / Sq Mi
$103,125
Median Household Income
$60,370
Median Earnings
$1,130
Median Rent
$399,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Boutique office building in downtown Huntsville entertainment district.
Where is this office building located?
The property is located at 120 E Holmes Avenue Huntsville, AL.
What are key features of this property?
This property features: Historic building listed on the National Register of Historic Places.; Direct access to I‑565 interchange for convenient commuting.; Located in the Downtown Huntsville Entertainment District.
