Flex Space with Dock and Drive-In
2301 Washington Cir NW, Huntsville, AL 35811
For Sale
Contact for pricing
The light industrial property includes dedicated office and warehouse areas for a mix of administrative and storage operations.
Property Size6,000 SF
Lot Size0.43 Acres
Price / SF$100
Days on Market18
Property Features for 2301 Washington Cir NW
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Dock-High Doors
Drive-In Doors
Additional Details
Asking Price
Property Use
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Longleaf Realty Partners, LLC
Listed By:
Greg Wallace · License #AL 000235024-0
(251) 222-5650
Source:
Crexi
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 3:40PM
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 Longleaf Realty Partners, LLC
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Investment Insights
Based on property information with market context.
This 6,000-square-foot flex building sits on a 0.43-acre parcel and dates to 1998. Its layout divides the interior into approximately 2,000 square feet of office space and 4,000 square feet of warehouse area. The warehouse has a 20-foot ceiling and 16-foot clear height, with one dock-high door and one drive-in door for loading. LI (Light Industrial) zoning applies to the property.
Located in Huntsville, the property is at 2301 Washington Cir NW. The listing offers the building for sale or lease.
Located in Huntsville, the property is at 2301 Washington Cir NW. The listing offers the building for sale or lease.
Key Highlights
- 6,000 SF building on a 0.43‑acre site
- Approximately 2,000 SF of office space and 4,000 SF of warehouse area
- Warehouse ceiling height of 20′ and clear height of 16′
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,174
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,480
$863.5K
Cap Rate 7%
$616,771
$616.8K
Cap Rate 9%
$479,711
$479.7K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$54.0K $9.00/SF
− Vacancy
−$3.2K −$0.53/SF
EGI
$50.8K $8.47/SF
− OpEx
−$7.6K −$1.27/SF
NOI
$43.2K $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 Rate 5%
$863,480
Cap Rate 7%
$616,771
Cap Rate 9%
$479,711
Alternative Uses
Best Use
Flex RnD
$922.6K
$807.3K – $1.08M
NOI $64,584 @ 7.0% cap · market cap 10.76%
Second Best
Warehouse
$616.8K
$539.7K – $719.6K
NOI $43,174 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,368 @ 7.0% cap · market cap 18.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35811, AL
30,075
Population
12,314
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
93%
High-School Grad
46.9 sq mi
ZIP Area
641
Density / Sq Mi
$92,361
Median Household Income
$45,038
Median Earnings
$1,048
Median Rent
$249,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Huntsville, AL
Properties on Market for Flex space in Huntsville
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - The light industrial property includes dedicated office and warehouse areas for a mix of administrative and storage operations.
Where is this flex space located?
The property is located at 2301 Washington Cir NW Huntsville, AL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 6,000 SF building on a 0.43‑acre site; Approximately 2,000 SF of office space and 4,000 SF of warehouse area; Warehouse ceiling height of 20′ and clear height of 16′
