Flex Space with Commercial
For Sale
Contact for pricing
2422 JORDAN LN NW, Huntsville, AL 35816
C4-zoned flex property with vehicle access and a versatile commercial layout.
Property Size9,200 SF
Price / SF$107.61
Days on Market130
Property Features for 2422 JORDAN LN NW
General Information
Standard status
Active
Size
9,200 SF
Total Parking Spaces
13
Property subtype
Retail, Office, Industrial
Zoning
C4 - Highway Business
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1986
Stories
1
Units
1
Listing Agency:
Keller Williams Realty Huntsville
Listed By:
Cooper Schrimsher · License #129802
(256) 652-6300
Source:
Crexi
Added: Apr 27
Changed: Aug 30
Last Checked: Aug 31 at 12:46PM
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 Keller Williams Realty Huntsville
Investment Insights
Based on property information with market context.
This 9,200-square-foot flex property, built in 1986, offers a commercial building configuration suited to flex, contractor, showroom, and retail uses. The structure provides 14’ eave height and reaches 16’ at the peak, supporting a range of operational and display needs.
Vehicle access is supported by 13 parking spaces at the front, with 3–4 additional parallel spaces possible at the rear. The site can accommodate delivery vans and small commercial trucks. Utility service includes two utility meters, two gas meters, and one water meter. The property is zoned C4 - Highway Business and located at 2422 Jordan Lane NW in Huntsville, Alabama.
Vehicle access is supported by 13 parking spaces at the front, with 3–4 additional parallel spaces possible at the rear. The site can accommodate delivery vans and small commercial trucks. Utility service includes two utility meters, two gas meters, and one water meter. The property is zoned C4 - Highway Business and located at 2422 Jordan Lane NW in Huntsville, Alabama.
Key Highlights
- 9,200 SF flex property built in 1986
- C4 - Highway Business zoning
- 14’ eave height with 16’ at the peak
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
$58,152
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
5.87%
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%
$1,163,040
$1.2M
Cap Rate 7%
$830,743
$830.7K
Cap Rate 9%
$646,133
$646.1K
Market Conditions
NOI Build-Up for 9,200 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
$88.3K $9.60/SF
− Vacancy
−$5.2K −$0.57/SF
EGI
$83.1K $9.03/SF
− OpEx
−$24.9K −$2.71/SF
NOI
$58.2K $6.32/SF
Area
Huntsville, AL
Vacancy
5.94%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,163,040
Cap Rate 7%
$830,743
Cap Rate 9%
$646,133
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.87M
NOI $112,442 @ 7.0% cap · market cap 11.36%
Second Best
Flex RnD
$1.41M
$1.24M – $1.65M
NOI $99,029 @ 7.0% cap · market cap 10.00%
Theoretical Best
Office A
$2.40M
$2.10M – $2.79M
NOI $167,698 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Industrial 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 - C4-zoned flex property with vehicle access and a versatile commercial layout.
Where is this flex space located?
The property is located at 2422 JORDAN LN NW Huntsville, AL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 9,200 SF flex property built in 1986; C4 - Highway Business zoning; 14’ eave height with 16’ at the peak
