Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space with Cell Tower Title is generated by Realmo AI

    4929 University Drive, Huntsville, AL 35816

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Neighborhood retail center with long-term tenant and cell tower.

    Type:Retail
    Property size:
    19,697 SF
    Added:
    Apr 8, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 1 at 11:47 am

    Property Features for 4929 University Drive

    General Information

    Standard status
    Active
    Size
    19,697 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1987

    Spaces For Lease

    at 4929 University Drive Contact us

    We can help!

    Listing Contact
    Mark Elrod

    Listing agent Mark Elrod License ##000158673-0

    Listing office

    Listing date Apr 8, 2026

    Source Chasecommercial

    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 Mark Elrod

    HighLights

    • Major tenant AT&T provides stable income.
    • New roof installed within the last year, minimizing near‑term capital expenditures.
    • AT&T's significant renovation and cell tower construction demonstrate long‑term commitment.
    • Property is diligently maintained.
    • Total property size of 19,697 square feet.
    • Built in 1987.

    Overview

    This property is a neighborhood retail center comprising 19,697 square feet. A major tenant is AT&T, which operates both a retail store and offices within the center. In 2007, AT&T invested significantly in renovating their space. Furthermore, in 2009, they constructed a cell tower on the property, suggesting a sustained commitment to the location. The property owners have maintained the property, including replacing the roof within the last year.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alfa Insurance Insurance Agency American Cabinets Incorporated Hardware & Home Improvement PeopleReady Employment Agency AT&T Store Mobile Phone Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Huntsville West Shopping Center — 4710 University Dr NW, Huntsville, AL 35816
    • Preston Plaza — Jordan Ln NW, Huntsville, AL 35805
    • University Plaza Shopping Center — Huntsville, AL 35816

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6573602
    Latitude
    34.737766

    Nearby Similar for Lease

    • $3,000/Mo
      4,000 SF

      Huntsville Commercial Space with Shop

      Office and shop space available for lease in Huntsville.
      2908 Meridian Street, Huntsville, AL 35810
      View Details
    • $2,500/Mo
      5,246 SF

      Huntsville Office Space Available

      First floor office space with private offices, reception, and kitchenette.
      917 Merchants Walk, Huntsville, AL 35801
      View Details
    • $2,100/Mo
      5,696 SF

      Huntsville Office Condo For Lease

      First floor office condo available for lease in Huntsville.
      2311 Market Place, Huntsville, AL 35801
      View Details
    • $6,000/Mo
      11,056 SF

      Huntsville Office Space Available

      Office space for rent in Huntsville, Alabama.
      3158 University Drive, Huntsville, AL 35816
      View Details
    • $15,000/Mo
      14,000 SF

      Downtown Huntsville Flexible Office Space

      Flexible office space in downtown Huntsville, from 150 to 7,000 SF.
      800 Clinton Avenue E, Huntsville, AL 35801
      View Details
    • $7,318/Mo
      3,818 SF

      Huntsville Commercial Space For Rent

      Medical/Retail/Office space with excellent visibility and central location.
      4550 University Drive, Huntsville, AL 35816
      View Details
    • $600/Mo
      7,500 SF

      Huntsville Office Space For Rent

      Office space for rent with utilities and internet included.
      3113 Ivy Avenue, Huntsville, AL 35805
      View Details
    • $1.00 SF/Yr
      15,000 SF

      Huntsville Retail or Office Space

      High-visibility commercial building suitable for retail or office use.
      6485 University Drive NW, Huntsville, AL 35806
      View Details
    • $15 SF/Yr
      3,200-3,200 SF

      Office with Storage and Yard

      3200 sq ft office with storage and fenced yard.
      152 Bo Cole Rd, Unit 1, Huntsville, AL 35806
      View Details
    • $1,500/Mo
      11,700 SF

      Huntsville Office/Retail Plaza For Rent

      Multi-tenant plaza with leasable space, strong visibility, and on-site parking.
      4206 NW Oakwood Avenue, Huntsville, AL 35810
      View Details
    • $2,250/Mo
      12,767 SF

      Historic Building in Downtown Huntsville

      Historic building with lounge, restaurant, and office spaces for rent.
      205 E Side Square, Huntsville, AL 35801
      View Details
    • Sponsored
      $129-$18,071/Mo
      11-1,652 SF

      Spaces Redstone Arsenal

      4100 Market St, Huntsville, AL 35808
      View Details

    FAQs

    What type of property is this?
    Shopping center - Neighborhood retail center with long-term tenant and cell tower.
    Where is this shopping center located?
    The property is located at 4929 University Drive Huntsville, AL.
    What are key features of this property?
    This property features: Major tenant AT&T provides stable income.; New roof installed within the last year, minimizing near‑term capital expenditures.; AT&T's significant renovation and cell tower construction demonstrate long‑term commitment.
    (256) 258-9070
    We can help!
    Listing Contact
    Mark Elrod
    Real Estate License ID: #000158673-0
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4929 University Drive, Huntsville, AL 35816
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!