Light Industrial Storefront
For Sale
Contact for pricing
1222 Jordan Lane, Huntsville, AL 35816
Post-and-beam commercial building with substantial parking, additional land, and Light Industrial zoning.
Property Size20,671 SF
Lot Size2.70 Acres
Price / SF$154.81
Days on Market65
Property Features for 1222 Jordan Lane
General Information
Standard status
Active
Size
20,671 SF
Total Parking Spaces
90
Lot size
2.70 Acres
Property subtype
Retail
Zoning
Light Industrial
Lease Type
Modified Gross
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1984
Construction
post and beam
Listing Agency:
Paladin Group, LLC.
(256) 682-5831
Listed By:
Robert M. Webber, CCIM · License #AL
Source:
Crexi
Added: Jun 29
Changed: Aug 29
Last Checked: Aug 29 at 3:23PM
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 Paladin Group, LLC.
Investment Insights
Based on property information with market context.
This 20,671-square-foot storefront property was built in 1984 with post-and-beam construction and a built-up roof. The site encompasses approximately 2.7 acres, including 1 acre of undeveloped land, and carries LI, or Light Industrial, zoning. The parking area accommodates 90+ spaces, supporting a range of commercial operations.
The property is positioned approximately 1/2 mile north of University Drive (Hwy 72) in Huntsville, Alabama. Approximately 1 acre remains undeveloped, offering additional land within the existing property for future development or site planning, subject to applicable approvals. The property is not located in a flood zone.
The property is positioned approximately 1/2 mile north of University Drive (Hwy 72) in Huntsville, Alabama. Approximately 1 acre remains undeveloped, offering additional land within the existing property for future development or site planning, subject to applicable approvals. The property is not located in a flood zone.
Key Highlights
- 20,671‑square‑foot storefront building constructed in 1984
- Approximately 2.7 acres, including 1 acre of undeveloped land
- LI (Light Industrial) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$252,641
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,052,820
$5.1M
Cap Rate 7%
$3,609,157
$3.6M
Cap Rate 9%
$2,807,122
$2.8M
Market Conditions
NOI Build-Up for 20,671 SF
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.
Gross rent
$372.1K $18.00/SF
− Vacancy
−$11.2K −$0.54/SF
EGI
$360.9K $17.46/SF
− OpEx
−$108.3K −$5.24/SF
NOI
$252.6K $12.22/SF
Area
Huntsville, AL
Vacancy
3.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,052,820
Cap Rate 7%
$3,609,157
Cap Rate 9%
$2,807,122
Alternative Uses
Best Use
Retail
$3.61M
$3.16M – $4.21M
NOI $252,641 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.38M
$4.71M – $6.28M
NOI $376,791 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
140k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 23%
Home Improvements & Furnishings 1%
Hotels & Casinos 1%
McDonald's
Dining
25,751 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
14,822 visits/mo
0.3 miles
Jack's Family Restaurants
Dining
14,246 visits/mo
0.3 miles
SONIC Drive In
Dining
12,076 visits/mo
0.4 miles
Dollar General
Shops & Services
8,360 visits/mo
0.2 miles
Demographics for 35816, AL
15,035
Population
7,972
Households
1.9
Avg Household Size
28
Median Age
27%
College-Educated
88%
High-School Grad
5.1 sq mi
ZIP Area
2,948
Density / Sq Mi
$38,947
Median Household Income
$28,060
Median Earnings
$875
Median Rent
$114,100
Median Home Value
Market
Vacancy Rate% for Retail 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?
Storefront property - Post-and-beam commercial building with substantial parking, additional land, and Light Industrial zoning.
Where is this storefront property located?
The property is located at 1222 Jordan Lane Huntsville, AL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 20,671‑square‑foot storefront building constructed in 1984; Approximately 2.7 acres, including 1 acre of undeveloped land; LI (Light Industrial) zoning
