Huntsville Mixed-Use Property For
1435 Paramount Dr Huntsville, AL 35806
1435 Paramount Dr, Huntsville, AL, 35806
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For Sale
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Versatile mixed-use property with showroom, warehouse, and event space.
Property Size32,933 SF
Price / SF$102.94
Days on Market611
Property Features for 1435 Paramount Dr
General Information
- Standard status
- Active
- Size
- 32,933 SF
- Property subtype
- Industrial, Retail, Special Purpose
Building Details
- Year Built
- 2006
Listing Agency
Russ Russell Commercial Real Estate
(256) 536-7777
Listed by
Russ Russell · License #AL000025965-1
Source
Crexi
Added: Nov 13, 2024 Checked: Jul 16 at 8:04 am
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 Commercial Real Estate
Investment Insights
Based on property information with market context.
Located off Highway 72 West in Huntsville, Alabama, near the Providence community, this property offers a range of possibilities. It features over 90 paved parking spaces, including ADA parking, plus a gravel parking area for oversized vehicles and secure parking. The property includes over 8,600 square feet of showroom and employee break area, private offices, almost 8,000 square feet of high bay warehouse space, and a community gathering hall of over 7,100 square feet. The showroom features decorative stamped concrete flooring, a reception desk, showcases, and four large glass-fronted offices. The main level includes an event center that can accommodate over 400 visitors, complete with theatrical lighting and professional audio/video equipment. This space has been used by churches, civic groups, associations, businesses, and the entertainment industry. Other potential uses include a training facility, wedding venue, or car dealership. The main level also includes public restrooms, a company kitchen with countertops and cabinets, a janitorial service room, a large storage room, and a vending machine area. Upstairs, there are four additional private offices, one with a private restroom and another with a large storage room, plus an office that opens to a large workspace overlooking the main showroom. The warehouse area is divided into three large areas, accessible by roll-up doors. The loading dock is fenced off for secure vehicle parking. The property size is 32,933 square feet.
Key Highlights
- Prime location near Highway 72 West and the Providence community in Huntsville, Alabama.
- Extensive space: Over 8,600 sq ft of showroom/office, almost 8,000 sq ft of high bay warehouse, and over 7,100 sq ft community gathering hall.
- Versatile Event Center: Accommodates 400+ people with stage, theatrical lighting, and professional audio/video.
Local Financial Insights For Warehouse
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 | $296.4k | $9.00 |
| − Vacancy | −$17.6k | −$0.53 |
| EGI | $278.8k | $8.47 |
| − OpEx | −$41.8k | −$1.27 |
| NOI | $237.0k | $7.20 |
32,933 SF · lease $9.00/SF/yr · vacancy 5.94% · expense 15.00%
Alternative Uses
Best Use
Retail
$5.75M
$5.03M – $6.71M
NOI $402,507 @ 7.0% cap · market cap 11.87%
Second Best
Mixed Use
$5.68M
$4.97M – $6.63M
NOI $397,666 @ 7.0% cap · market cap 11.73%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Taekwondo Outreach Ministries ...
Training Center
Roto-Rooter Plumbing and Water ...
Plumbing Service
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Versatile mixed-use property with showroom, warehouse, and event space.
Where is this mixed-use property located?
The property is located at 1435 Paramount Dr 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: Prime location near Highway 72 West and the Providence community in Huntsville, Alabama.; Extensive space: Over 8,600 sq ft of showroom/office, almost 8,000 sq ft of high bay warehouse, and over 7,100 sq ft community gathering hall.; Versatile Event Center: Accommodates 400+ people with stage, theatrical lighting, and professional audio/video.
