Building Details

Building Size 1,815 SF

Listing Agency: Legend Realty

Listed By: Terry Lewis · License #65568 Show Phone

Source: Intownpartners

Added: Apr 29 Changed: Oct 29 Last Checked: Oct 27 at 3:59AM

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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 Legend Realty

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Investment Insights

Based on property information with market context.

This 1,815-square-foot flex space combines a lobby and reception area with two offices and a substantial storage room. Double doors provide a designated shipping and receiving area. Recent interior work includes fresh paint and new carpet.

The property also has a professional fire alarm system, a security system, and a fenced area. Its mix of office, storage, and shipping functions supports a range of commercial configurations.

Key Highlights

• 1,815‑square‑foot flex space
• Lobby and reception area with two offices
• Large storage room and double doors for shipping and receiving

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,537

Cap Rate

4.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$390,740 $390.7K

Cap Rate 7%

$279,100 $279.1K

Cap Rate 9%

$217,078 $217.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,815 SF

Gross rent

$32.7K $18.00/SF

− Vacancy

−$2.6K −$1.44/SF

EGI

$30.1K $16.56/SF

− OpEx

−$10.5K −$5.80/SF

NOI

$19.5K $10.76/SF

Area

Huntsville, AL

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$390,740

Cap Rate 7%

$279,100

Cap Rate 9%

$217,078

Alternative Uses

Best Use

Flex RnD

$279.1K

$244.2K – $325.6K (±1% cap)

NOI $19,537 @ 7.0% cap · market cap 4.90%

Second Best

Industrial

$163.9K

$143.4K – $191.2K (±1% cap)

NOI $11,472 @ 7.0% cap · market cap 2.88%

Theoretical Best

Office A

$472.6K

$413.6K – $551.4K (±1% cap)

NOI $33,084 @ 7.0% cap · market cap 8.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Stroh Communications Group Radio Station NURTURED BLESSINGS LEARNING ... Daycare Center

Suggested Use

Top Pick Dental Office Skin Care Clinic Parking Lot & Garage Cafe & Coffee Shop Locksmith Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

903

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35801, AL

22,539

Population

11,225

Households

2

Avg Household Size

43

Median Age

55%

College-Educated

90%

High-School Grad

13.8 sq mi

ZIP Area

1,633

Density / Sq Mi

$103,125

Median Household Income

$60,370

Median Earnings

$1,130

Median Rent

$399,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A flexible office and storage layout includes dedicated shipping and receiving doors.

Where is this flex space located?

The property is located at 2084 Washington Street Huntsville, AL.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: 1,815‑square‑foot flex space; Lobby and reception area with two offices; Large storage room and double doors for shipping and receiving