Unique Building in West
1435 Paramount Dr Huntsville, AL 35806
Versatile 23,700 SF building suitable for diverse uses.
Type:Business Opportunity
Property size:
16,600 SFLot size:
2.55 AcresPrice / SF:
$204/SF- Added:
- Nov 13, 2024
- Days on Market:
- 604
- Last Refresh:
- Jun 29 at 9:13 pm
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 office Russ Russell Real Estate (256) 527-7777
Listing date Nov 13, 2024
Source Exprealty
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.
Local Financial Insights For Office B
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 | $332.7k | $20.04 |
| − Vacancy | −$49.9k | −$3.01 |
| EGI | $282.8k | $17.03 |
| − OpEx | −$70.7k | −$4.26 |
| NOI | $212.1k | $12.78 |
16,600 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.03M
$2.65M – $3.53M
NOI $212,073 @ 7.0% cap · market cap 6.26%
Second Best
Warehouse
$1.71M
$1.49M – $1.99M
NOI $119,447 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$4.32M
$3.78M – $5.04M
NOI $302,585 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Taekwondo Outreach Ministries ...
Training Center
Roto-Rooter Plumbing and Water ...
Plumbing Service
Similar For Sale Nearby
FAQs
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 $3,390,000.
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.
