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    1000 James Record Rd SW Huntsville, AL 35824

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    For Lease
    $6 SF/Yr

    Versatile industrial and office space in Huntsville's Jetplex Industrial Park.

    We can help!

    Listing Contact
    Jeremy D. Pope, CCIM, SIOR
    Source: Grahamcompany

    Listing Agent: Jeremy D. Pope, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Industrial Facility in Jetplex

    This recently renovated facility presents a leasing opportunity for industrial and office tenants within Huntsville’s Jetplex Industrial Park. The property is suitable for manufacturing, distribution, logistics, and warehousing, with the added benefit of office headquarters space. The facility features ample power, dock-high and ground-level loading, and excess land available for expansion. Clear heights reach up to 25 feet 10 inches, and the floor is constructed with 6-inch reinforced concrete. LED lighting is installed throughout the property. The power supply is 3000 KVA, 480/277 3-phase, 1600 Amp. The property is located within Jetplex Industrial Park, approximately one mile from the International Intermodal Center and one mile from Interstate 565, providing access to logistics, technology, manufacturing, and distribution networks. Jetplex Industrial Park is a high-tech, advanced manufacturing community. The location offers proximity to Huntsville International Airport, The Port of Huntsville, and the International Intermodal Center, offering Foreign Trade Zone 83 benefits. The facility was renovated in 2024.
    Location Intelligence

    Current Use by Public Records

    UPS distribution center Distribution Service Custom Assembly Inc Logistics Service UPS Customer Center ... Shipping And Mailing Service Intercept Industries Trucking Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Auto Repair Shop Wholesale Shop Gym & Fitness Auto Parts Store HVAC Service Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.7602217
    Latitude
    34.656765

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    FAQs

    What type of property is this?
    Flex space - Versatile industrial and office space in Huntsville's Jetplex Industrial Park.
    Where is this flex space located?
    The property is located at 1000 James Record Rd SW Huntsville, AL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Prime location within Jetplex Industrial Park (JIP) with immediate access to I-565 and proximity to I-65.; - Versatile property suitable for manufacturing, distribution, logistics, warehousing, and office HQ space.; - Access to Huntsville International Airport, The Port of Huntsville, and the International Intermodal Center, offering Foreign Trade Zone 83 benefits.
    (256) 382-9010
    Request Owner's contact information
    1000 James Record Rd SW Huntsville, AL 35824
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    Huntsville, AL 35824
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1000 James Record Rd SW Huntsville, AL 35824
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    We can help!
    Listing Contact
    Jeremy D. Pope, CCIM, SIOR
    (256) 382-9010
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