Occupied Triplex with Light Industrial
For Sale
$1,099,900
12101 Stonegate Drive, Huntsville, AL 35803
Three occupied homes are sold together on substantial acreage, zoned Light Industrial.
Property Size5,398 SF
Lot Size2.40 Acres
Price / SF$203.76
Days on Market44
Property Features for 12101 Stonegate Drive
General Information
Standard status
Active
Size
5,398 SF
Lot size
2.40 Acres
Property subtype
Multi Family Home
Zoning
Light Industrial
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
5,398 SF
Listing Agency:
Bhhs Rise Real Estate
(256) 882-0304
Listed By:
Anne Adams · License #40164
(256) 882-0304
Source:
Alabamaland
Added: Jun 18
Changed: Jul 28
Last Checked: Jul 31 at 12:36PM
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 Bhhs Rise Real Estate
Investment Insights
Based on property information with market context.
This for-sale triplex package includes three homes sold together, with all three currently occupied. The property consists of level acreage and is zoned Light Industrial, supporting current rental income and future redevelopment options consistent with approved uses.
The address lineup includes 12101 Stonegate Drive, 12105 Stonegate Drive, and 12111 Memorial Parkway. The site is described as conveniently located just off Memorial Parkway, with quick access to shopping, schools, Redstone Arsenal, and major highways.
Ideal for investors seeking immediate occupancy within a light industrial zoning context, the configuration provides a multi-unit residential setup while leaving room for redevelopment planning on the level grounds.
The address lineup includes 12101 Stonegate Drive, 12105 Stonegate Drive, and 12111 Memorial Parkway. The site is described as conveniently located just off Memorial Parkway, with quick access to shopping, schools, Redstone Arsenal, and major highways.
Ideal for investors seeking immediate occupancy within a light industrial zoning context, the configuration provides a multi-unit residential setup while leaving room for redevelopment planning on the level grounds.
Key Highlights
- Three homes sold together on 2.4 acres total, all currently occupied
- Zoned Light Industrial
- All three homes provide immediate rental income with current occupancy
Financial Insights For Multifamily LT 5
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 | $68.0k | $12.60 |
| − Vacancy | −$11.8k | −$2.18 |
| EGI | $56.3k | $10.42 |
| − OpEx | −$16.9k | −$3.13 |
| NOI | $39.4k | $7.30 |
5,398 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$562.6K
$492.2K – $656.3K
NOI $39,379 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$487.1K
$426.2K – $568.3K
NOI $34,097 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,395 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
263
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied homes are sold together on substantial acreage, zoned Light Industrial.
Where is this triplex located?
The property is located at 12101 Stonegate Drive Huntsville, AL.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: Three homes sold together on 2.4 acres total, all currently occupied; Zoned Light Industrial; All three homes provide immediate rental income with current occupancy
