Unique Building in West
For Sale
$2,950,000
1435 Paramount Dr, Huntsville, AL 35806
Versatile 23,700 SF building suitable for diverse uses.
Property Size16,600 SF
Lot Size2.55 Acres
Price / SF$177.71
Days on Market701
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 1435 Paramount Dr
General Information
Standard status
Active
Size
16,600 SF
Lot size
2.55 Acres
Property subtype
Business Opportunity
Listing Agency:
Russ Russell Real Estate
(256) 536-7777
Listed By:
Russ Russell · License #25965
(256) 527-7777
Source:
Exprealty
Added: Nov 13, 2024
Changed: Oct 6
Last Checked: Oct 15 at 1:49AM
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 unique building in West Huntsville is suitable for churches, civic groups, associations, businesses, or training facilities. The 16,600 square foot main level features stamped concrete floors, partitioned offices, a private event space that can accommodate up to 400 people, and a full kitchen for concessions. It also includes 8,000 square feet of warehouse space. The property has fenced rear parking with two loading docks and two drive-in doors. The 7,100 square foot second level contains four private offices, a storage room, and two public restrooms. The total area of the building is 23,700 square feet.
Key Highlights
- Versatile 16,600sf main level suitable for various organizations.
- Large private event space (up to 400 people) with full kitchen.
- 8,000sf of warehouse space with loading docks and drive‑in doors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$212,073
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,241,460
$4.2M
Cap Rate 7%
$3,029,614
$3.0M
Cap Rate 9%
$2,356,367
$2.4M
Market Conditions
NOI Build-Up for 16,600 SF
Gross rent
$332.7K $20.04/SF
− Vacancy
−$49.9K −$3.01/SF
EGI
$282.8K $17.03/SF
− OpEx
−$70.7K −$4.26/SF
NOI
$212.1K $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%
$4,241,460
Cap Rate 7%
$3,029,614
Cap Rate 9%
$2,356,367
Alternative Uses
Best Use
Office B
$3.03M
$2.65M – $3.53M
NOI $212,073 @ 7.0% cap · market cap 7.19%
Second Best
Warehouse
$1.71M
$1.49M – $1.99M
NOI $119,447 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$4.32M
$3.78M – $5.04M
NOI $302,585 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 35806, AL
25,702
Population
14,398
Households
1.8
Avg Household Size
36
Median Age
60%
College-Educated
97%
High-School Grad
25.4 sq mi
ZIP Area
1,012
Density / Sq Mi
$79,338
Median Household Income
$50,458
Median Earnings
$1,287
Median Rent
$318,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Church & religious facility - Versatile 23,700 SF building suitable for diverse uses.
Where is this church & religious facility located?
The property is located at 1435 Paramount Dr Huntsville, AL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Versatile 16,600sf main level suitable for various organizations.; Large private event space (up to 400 people) with full kitchen.; 8,000sf of warehouse space with loading docks and drive‑in doors.
