Mixed-Use Building with Warehouse
12519 S MEMORIAL PARKWAY, Huntsville, AL 35803
For Sale
$1,950,000
Commercial Sale, HUNTSVILLE, AL
Property Size10,672 SF
Lot Size0.87 Acres
Price / SF$182.72
Days on Market516
Property Features for 12519 S MEMORIAL PARKWAY
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking features
Directions
Standard status
APN
Size
Lot size
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Russ Russell Real Estate
(256) 536-7777
Listed By:
Russ Russell · License #25965
(256) 527-7777
Added: Jun 12, 2025
Changed: Nov 3
Last Checked: Nov 9 at 10:06AM
MLS# 21891440
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Investment Insights
Based on property information with market context.
The 10,672-square-foot mixed-use building contains 5,000 square feet of office space and 5,672 square feet of warehouse area. The warehouse has an 8-foot overhead door and 12-foot ceilings, while four restrooms serve the property. Construction includes metal siding and a metal roof, with concrete flooring, central heating, and central air conditioning.
The property occupies 0.87 acres in South Huntsville. Site features include a parking lot and public water. A separate, two-story storage building sits at the rear; it is not connected to power and is assigned no value.
The property occupies 0.87 acres in South Huntsville. Site features include a parking lot and public water. A separate, two-story storage building sits at the rear; it is not connected to power and is assigned no value.
Key Highlights
- 10,672‑square‑foot building with 5,000 square feet of office and 5,672 square feet of warehouse space
- Warehouse features an 8‑foot overhead door and 12‑foot ceilings
- Four restrooms in the main building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,864
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,577,280
$2.6M
Cap Rate 7%
$1,840,914
$1.8M
Cap Rate 9%
$1,431,822
$1.4M
Market Conditions
NOI Build-Up for 10,672 SF
Gross rent
$224.1K $21.00/SF
− Vacancy
−$17.9K −$1.68/SF
EGI
$206.2K $19.32/SF
− OpEx
−$77.3K −$7.25/SF
NOI
$128.9K $12.08/SF
Area
Huntsville, AL
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,577,280
Cap Rate 7%
$1,840,914
Cap Rate 9%
$1,431,822
Alternative Uses
Best Use
Mixed Use
$1.84M
$1.61M – $2.15M
NOI $128,864 @ 7.0% cap · market cap 6.61%
Second Best
Warehouse
$1.10M
$959.9K – $1.28M
NOI $76,791 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,529 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
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Business Placement
Demographics for 35803, AL
29,001
Population
13,272
Households
2.2
Avg Household Size
43
Median Age
54%
College-Educated
96%
High-School Grad
49.2 sq mi
ZIP Area
589
Density / Sq Mi
$95,182
Median Household Income
$53,416
Median Earnings
$1,221
Median Rent
$259,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A divided office and warehouse layout includes four restrooms and an additional rear storage structure.
Where is this mixed-use property located?
The property is located at 12519 S MEMORIAL PARKWAY Huntsville, AL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 10,672‑square‑foot building with 5,000 square feet of office and 5,672 square feet of warehouse space; Warehouse features an 8‑foot overhead door and 12‑foot ceilings; Four restrooms in the main building
