Flex Space with Loading
For Sale
$3,390,000
1435 Paramount Drive, Huntsville, AL 35806
COMMERCIAL - Huntsville, AL
Property Size32,933 SF
Lot Size2.55 Acres
Price / SF$102.94
Days on Market58
Property Features for 1435 Paramount Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 5
Parking features
Parking Lot
Lot features
Cul-De-Sac, High Visibility
Directions
West On University Dr. 1.8 Miles Past Research Park Blvd. Right On Paramount Drive.
Standard status
Active
APN
1507261000001.003
Size
32,933 SF
Lot size
2.55 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private event space
full kitchen
Building Details
Year built
2006
Floors in Building
2
Flooring type
Carpet, Concrete
Roof type
Metal
Listing Agency:
Russ Russell Real Estate
(256) 536-7777
Listed By:
Russ Russell · License #25965
(256) 527-7777
Added: Jun 15
Changed: Aug 4
Last Checked: Aug 11 at 12:06PM
MLS# 21875243
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex space is built for a mix of office, warehouse, and assembly-type use. The main level features stamped concrete floors, partitioned offices, and a private event space that accommodates up to 400 people. It also includes a full kitchen for concessions, two public restrooms, and 8,000 square feet of warehouse space. A fenced rear parking area supports operations with two loading docks and two drive-in doors.
The second level adds 7,100 square feet with four private offices, a storage room, and two additional public restrooms. Additional interior features include concrete and carpet flooring, electric heating, central air conditioning, and a metal roof.
The property sits on 2.55 acres and was built in 2006. Public water and public sewer are available, and parking is provided in a parking lot configuration.
The second level adds 7,100 square feet with four private offices, a storage room, and two additional public restrooms. Additional interior features include concrete and carpet flooring, electric heating, central air conditioning, and a metal roof.
The property sits on 2.55 acres and was built in 2006. Public water and public sewer are available, and parking is provided in a parking lot configuration.
Key Highlights
- 2.55‑acre flex space built in 2006
- 16,600 SF main level with stamped concrete floors
- Private event space for up to 400 people plus full concession kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$236,972
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,739,440
$4.7M
Cap Rate 7%
$3,385,314
$3.4M
Cap Rate 9%
$2,633,022
$2.6M
Market Conditions
NOI Build-Up for 32,933 SF
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.
Gross rent
$296.4K $9.00/SF
− Vacancy
−$17.6K −$0.53/SF
EGI
$278.8K $8.47/SF
− OpEx
−$41.8K −$1.27/SF
NOI
$237.0K $7.20/SF
Area
Huntsville, AL
Vacancy
5.94%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,739,440
Cap Rate 7%
$3,385,314
Cap Rate 9%
$2,633,022
Alternative Uses
Best Use
Office B
$6.01M
$5.26M – $7.01M
NOI $420,736 @ 7.0% cap · market cap 12.41%
Second Best
Flex RnD
$5.06M
$4.43M – $5.91M
NOI $354,491 @ 7.0% cap · market cap 10.46%
Theoretical Best
Office A
$8.58M
$7.50M – $10.01M
NOI $600,303 @ 7.0% cap · market cap 17.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35806, AL
25,702
Population
14,398
Households
1.8
Avg Household Size
36
Median Age
60%
College-Educated
97%
High-School Grad
25.4 sq mi
ZIP Area
1,012
Density / Sq Mi
$79,338
Median Household Income
$50,458
Median Earnings
$1,287
Median Rent
$318,800
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?
Flex space - Flex space with fenced rear parking, loading docks, and office areas plus a warehouse and private event space.
Where is this flex space located?
The property is located at 1435 Paramount Drive Huntsville, AL.
What is the asking price?
The asking price for this property is $3,390,000.
What are key features of this property?
This property features: 2.55‑acre flex space built in 2006; 16,600 SF main level with stamped concrete floors; Private event space for up to 400 people plus full concession kitchen
