Industrial Warehouse with High-Bay
New
For Sale
Contact for pricing
1862 Sparkman Drive Northwest, Huntsville, AL 35816
Office and warehouse areas support administrative work and loading operations, with direct access for full-length semi-trucks.
Property Size21,432 SF
Price / SF$104.98
Days on Market5
Property Features for 1862 Sparkman Drive Northwest
General Information
Standard status
Active
Size
21,432 SF
Property subtype
Industrial
Zoning
Light Industry
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
17,000 SF
Office Build-Out
4,400 SF
Dock-High Doors
2
Drive-In Doors
2
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Amenities
conference room
break room
EV fast-charging connections
Building Details
Building Size
21,432 SF
Listing Agency:
Freedom Real Estate and Capital LLC.
Listed By:
Alex Hardy · License #107856
(256) 337-9133
Source:
Crexi
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 3:17PM
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 Freedom Real Estate and Capital LLC.
Investment Insights
Based on property information with market context.
This 21,432-square-foot industrial property combines 17,000 square feet of high-bay warehouse space with 4,400 square feet of office area. The warehouse has 20-foot clear height, two drive-in doors, two dock-high doors, sealed concrete floors, heating, ventilation, and fire sprinklers. Office improvements include nine executive offices, a conference room, a break room, restrooms, LVP flooring, and painted walls and trim. Storage areas are distributed across both sections.
Zoned Light Industry, the property accommodates loading by full-length semi-trucks. It is near the Highway 53 intersection and just north of Highway 72, with UAH, Research Park, and Redstone Arsenal’s Gate 9 entrance a short drive away. The site also has employee parking and connections for EV fast-charging.
Zoned Light Industry, the property accommodates loading by full-length semi-trucks. It is near the Highway 53 intersection and just north of Highway 72, with UAH, Research Park, and Redstone Arsenal’s Gate 9 entrance a short drive away. The site also has employee parking and connections for EV fast-charging.
Key Highlights
- 21,432 SF total, including 17,000 SF of high‑bay warehouse and 4,400 SF of office space
- 20FT clear height with 2 drive‑in doors and 2 dock‑high doors
- Heated, ventilated, sprinklered warehouse with sealed concrete floors
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
$154,216
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
6.85%
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%
$3,084,320
$3.1M
Cap Rate 7%
$2,203,086
$2.2M
Cap Rate 9%
$1,713,511
$1.7M
Market Conditions
NOI Build-Up for 21,432 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
$192.9K $9.00/SF
− Vacancy
−$11.5K −$0.53/SF
EGI
$181.4K $8.47/SF
− OpEx
−$27.2K −$1.27/SF
NOI
$154.2K $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%
$3,084,320
Cap Rate 7%
$2,203,086
Cap Rate 9%
$1,713,511
Alternative Uses
Best Use
Warehouse
$2.20M
$1.93M – $2.57M
NOI $154,216 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.58M
$4.88M – $6.51M
NOI $390,662 @ 7.0% cap · market cap 17.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
20 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35816, AL
15,035
Population
7,972
Households
1.9
Avg Household Size
28
Median Age
27%
College-Educated
88%
High-School Grad
5.1 sq mi
ZIP Area
2,948
Density / Sq Mi
$38,947
Median Household Income
$28,060
Median Earnings
$875
Median Rent
$114,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Storage Buddy HSV — 1221 Retail Dr NW, Huntsville, AL 35816
- Dixie Moving & Storage Inc — 1220 Retail Dr NW, Huntsville, AL 35816
- Extra Space Storage — 1401 Jordan Ln NW, Huntsville, AL 35816
- Self-Storage at U-Haul — 1903 Sparkman Dr NW, Huntsville, AL 35816
Frequently Asked Questions
What type of property is this?
Warehouse - Office and warehouse areas support administrative work and loading operations, with direct access for full-length semi-trucks.
Where is this warehouse located?
The property is located at 1862 Sparkman Drive Northwest Huntsville, AL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 21,432 SF total, including 17,000 SF of high‑bay warehouse and 4,400 SF of office space; 20FT clear height with 2 drive‑in doors and 2 dock‑high doors; Heated, ventilated, sprinklered warehouse with sealed concrete floors
