Jetplex Office Building For
For Sale
Contact for pricing
Pending
124 Jetplex Blvd SW, Huntsville, AL 35824
Two-story office building with secured conference rooms and SCIF space.
Property Size63,000 SF
Days on Market773
Property Features for 124 Jetplex Blvd SW
General Information
Standard status
Pending
Size
63,000 SF
Property subtype
Office
Listing Agency:
Graham & Company Huntsville
(256) 382-9010
Listed By:
Bart Smith · License #AL 000071205
Source:
Crexi
Added: Jun 20, 2024
Changed: Jul 6
Last Checked: Aug 1 at 1:36PM
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 Graham & Company Huntsville
Investment Insights
Based on property information with market context.
This two-story office building is ideally suited for a single tenant. The first floor comprises 30,000 square feet of secured conference rooms, a meeting area, and a large break room. The second floor also offers 30,000 square feet of SCIF space, featuring multiple secured pod areas suitable for cubicles and workstation environments. The property is located in Jetplex Industrial Park, providing convenient access to I-565 and is approximately 3 miles from Redstone Arsenal. The total property size is 63,000 square feet.
Key Highlights
- 60,000 SF total space ideal for a single tenant office user.
- Located only 3 miles from Redstone Arsenal.
- Convenient access to I‑565.
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 | $1.26M | $20.04 |
| − Vacancy | −$189.4k | −$3.01 |
| EGI | $1.07M | $17.03 |
| − OpEx | −$268.3k | −$4.26 |
| NOI | $804.9k | $12.78 |
63,000 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$11.50M
$10.06M – $13.41M
NOI $804,857 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.41M
$14.35M – $19.14M
NOI $1,148,364 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 35824, AL
9,378
Population
4,986
Households
1.9
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
12.7 sq mi
ZIP Area
738
Density / Sq Mi
$93,066
Median Household Income
$70,434
Median Earnings
$1,268
Median Rent
$378,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with secured conference rooms and SCIF space.
Where is this office building located?
The property is located at 124 Jetplex Blvd SW Huntsville, AL.
What is the asking price?
The asking price for this property is $8,950,000.
What are key features of this property?
This property features: 60,000 SF total space ideal for a single tenant office user.; Located only 3 miles from Redstone Arsenal.; Convenient access to I‑565.
