Office-Warehouse Mixed-Use
For Sale
$1,950,000
12519 South Memorial Parkway, Huntsville, AL 35803
The building combines substantial office and warehouse areas with an additional storage structure at the rear.
Property Size10,672 SF
Price / SF$182.72
Days on Market506
Property Features for 12519 South Memorial Parkway
General Information
Standard status
Active
Size
10,672 SF
Property subtype
COMMERCIAL
Warehouse & Industrial
Warehouse Space
5,672 SF
Office Build-Out
5,000 SF
Additional Details
Property Use
Office/Warehouse
Building Details
Building Size
10,672 SF
Year Built
1943
Buildings
2
Listing Agency:
Russ Russell Real Estate
Listed By:
Russ Russell · License #25965
(256) 536-7777
Source:
Intownpartners
Added: Jun 12, 2025
Changed: Oct 27
Last Checked: Oct 27 at 4:18AM
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 Russ Russell Real Estate
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Investment Insights
Based on property information with market context.
This 10,672-square-foot mixed-use property in South Huntsville contains 5,000 square feet of office space and 5,672 square feet of warehouse space. The main building includes an 8-foot overhead door, 12-foot ceilings, and four restrooms; it was built in 1943.
A separate two-story storage building sits behind the main structure. It is not connected to the power supply.
A separate two-story storage building sits behind the main structure. It is not connected to the power supply.
Key Highlights
- 10,672‑square‑foot building with 5,000 square feet of office space and 5,672 square feet of warehouse space
- Warehouse area has 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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Property Analytics
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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 - The building combines substantial office and warehouse areas with an additional storage structure at the rear.
Where is this mixed-use property located?
The property is located at 12519 South 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 space and 5,672 square feet of warehouse space; Warehouse area has an 8‑foot overhead door and 12‑foot ceilings; Four restrooms in the main building
