Flex Space with Shipping
For Sale
$399,000
2084 Washington Street, Huntsville, AL 35801
Business Opportunity, Huntsville, AL
Property Size1,815 SF
Lot Size0.15 Acres
Price / SF$219.83
Days on Market163
Property Features for 2084 Washington Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Directions
East On Oakw. Building On The Rightood, Turn Left Onto Washington St
Standard status
Active
APN
1407252002059.000
Size
1,815 SF
Lot size
0.15 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
security system
professional fire alarm system
Building Details
Floors in Building
1
Flooring type
Carpet
Listing Agency:
Legend Realty
(256) 428-3780
Listed By:
Terry Lewis · License #65568
(256) 755-1821
Added: May 13
Changed: Oct 22
Last Checked: Oct 22 at 11:06AM
MLS# 21916624
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.
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Investment Insights
Based on property information with market context.
This 1,815-square-foot flex space includes a lobby, reception area, two offices, a large storage room, and a shipping and receiving area with double doors. The interior has carpet flooring and was recently painted. A professional fire alarm system and security system are installed, while the fenced area adds controlled exterior space.
The property occupies 0.15 acres in Huntsville, Alabama, and is served by public water and public sewer. Two bathrooms are included in the building. The layout provides a combination of administrative, storage, and receiving areas within a compact commercial footprint.
The property occupies 0.15 acres in Huntsville, Alabama, and is served by public water and public sewer. Two bathrooms are included in the building. The layout provides a combination of administrative, storage, and receiving areas within a compact commercial footprint.
Key Highlights
- 1,815‑square‑foot flex space on 0.15 acres
- Lobby and reception area with two offices
- Large storage room and double‑door shipping and receiving area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,188
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,760
$463.8K
Cap Rate 7%
$331,257
$331.3K
Cap Rate 9%
$257,644
$257.6K
Market Conditions
NOI Build-Up for 1,815 SF
Gross rent
$36.4K $20.04/SF
− Vacancy
−$5.5K −$3.01/SF
EGI
$30.9K $17.03/SF
− OpEx
−$7.7K −$4.26/SF
NOI
$23.2K $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 Rate 5%
$463,760
Cap Rate 7%
$331,257
Cap Rate 9%
$257,644
Alternative Uses
Best Use
Office B
$331.3K
$289.9K – $386.5K
NOI $23,188 @ 7.0% cap · market cap 5.81%
Second Best
Flex RnD
$279.1K
$244.2K – $325.6K
NOI $19,537 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$472.6K
$413.6K – $551.4K
NOI $33,084 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Compact commercial building with offices, storage, security systems, and a fenced outdoor area.
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 on 0.15 acres; Lobby and reception area with two offices; Large storage room and double‑door shipping and receiving area
