Light Industrial Storefront
For Sale
Contact for pricing
Pending
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
Days on Market109
Property Features for 1222 Jordan Lane
General Information
Standard status
Pending
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.
Listed By:
Robert M. Webber, CCIM · License #AL
(256) 682-5831
Source:
Crexi
Added: Jun 29
Changed: Oct 7
Last Checked: Oct 14 at 10:27PM
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 / Yr
$252,641
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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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
