Corner-Lot Flex Space with
For Sale
$449,900
200 8th Street NW, Huntsville, AL 35805
Business Opportunity, Huntsville, AL
Property Size1,560 SF
Lot Size0.20 Acres
Price / SF$288.40
Days on Market110
Property Features for 200 8th Street NW
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Subdivision
West Huntsville
Directions
Governors Drive To Eighth Street Nw. N On Eighth Street. Property Is On The Right At The Ne Corner Of Eighth Street And Fourth Avenue Nw.
Standard status
Active
APN
1702031004055.000
Size
1,560 SF
Lot size
0.20 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete, Wood
Listing Agency:
Van Valkenburgh & Wilkinson Pr
(256) 539-0505
Listed By:
Julie Lockwood · License #42893
(256) 797-4028
Added: May 14
Changed: Aug 31
Last Checked: Aug 31 at 6:06PM
MLS# 21899841
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 property combines a small cottage with an attached garage area featuring multiple bays. The cottage includes office space and a bathroom, while wood and concrete flooring serve the existing improvements. The property is positioned on a corner lot and is identified for general office or service-shop use, with LI zoning.
Located in Huntsville’s Stovehouse area, the property offers access from Governors Drive or Triana. Public water and public sewer serve the site. Its setting places it near Downtown Huntsville, Campus 805, West Huntsville, and the connection toward Research Park via I-565.
Located in Huntsville’s Stovehouse area, the property offers access from Governors Drive or Triana. Public water and public sewer serve the site. Its setting places it near Downtown Huntsville, Campus 805, West Huntsville, and the connection toward Research Park via I-565.
Key Highlights
- Corner‑lot flex‑space property with attached cottage and larger garage area
- Multiple garage bays support service‑shop or similar commercial operations
- Cottage includes office space and a bathroom
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
$19,930
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
4.43%
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%
$398,600
$398.6K
Cap Rate 7%
$284,714
$284.7K
Cap Rate 9%
$221,444
$221.4K
Market Conditions
NOI Build-Up for 1,560 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
$31.3K $20.04/SF
− Vacancy
−$4.7K −$3.01/SF
EGI
$26.6K $17.03/SF
− OpEx
−$6.6K −$4.26/SF
NOI
$19.9K $12.78/SF
Area
Huntsville, AL
Vacancy
15.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$398,600
Cap Rate 7%
$284,714
Cap Rate 9%
$221,444
Alternative Uses
Best Use
Office B
$284.7K
$249.1K – $332.2K
NOI $19,930 @ 7.0% cap · market cap 4.43%
Second Best
Flex RnD
$239.9K
$209.9K – $279.9K
NOI $16,792 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$406.2K
$355.5K – $473.9K
NOI $28,436 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35805, AL
23,189
Population
10,618
Households
2.2
Avg Household Size
31
Median Age
18%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
2,521
Density / Sq Mi
$31,247
Median Household Income
$26,824
Median Earnings
$800
Median Rent
$108,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Attached office cottage and multi-bay garage support flexible commercial use.
Where is this flex space located?
The property is located at 200 8th Street NW Huntsville, AL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Corner‑lot flex‑space property with attached cottage and larger garage area; Multiple garage bays support service‑shop or similar commercial operations; Cottage includes office space and a bathroom
