Updated Office
2515 Washington Street Huntsville, AL 35811
2515 Washington Street, Huntsville, AL, 35811
$390,000
For Sale
$390,000
Well maintained office building with reception, offices, conference/showroom, kitchen, and ample parking.
Property Size1,680 SF
Price / SF$232.14
Days on Market142
Property Features for 2515 Washington Street
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Property subtype
- Commercial
Listing agency
Kw Huntsville
(256) 519-7220
Listed by
Jennifer Rose · License #62773AL
Source
Alabamaland
Added: Mar 3 Updated: Jul 22 at 10:05PM Checked: Jul 20 at 11:22PM
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 Kw Huntsville
Investment Insights
Based on property information with market context.
This well maintained and updated office building offers three offices plus a reception area. The space also includes a conference room or showroom with a fireplace, along with a kitchen and a utility room. In addition, the property includes a metal storage building with electric power.
The property is described as centrally located with high visibility and traffic count, with convenient access to Mem. Pkwy and I-565. It is offered for sale and is listed under LI zoning.
On-site parking is available, supporting convenient access for employees and visitors.
The property is described as centrally located with high visibility and traffic count, with convenient access to Mem. Pkwy and I-565. It is offered for sale and is listed under LI zoning.
On-site parking is available, supporting convenient access for employees and visitors.
Key Highlights
- Well maintained office building with reception area, kitchen, and utility room
- Includes 3 offices plus a conference room or showroom with a fireplace
- Ample parking on site
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $20.04 |
| − Vacancy | −$5.1k | −$3.01 |
| EGI | $28.6k | $17.03 |
| − OpEx | −$7.2k | −$4.26 |
| NOI | $21.5k | $12.78 |
1,680 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$306.6K
$268.3K – $357.7K
NOI $21,463 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.5K
$382.8K – $510.4K
NOI $30,623 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Penny Pinchers Bookkeeping ...
Tax Preparation
Cooper Financial Services ...
Accounting Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Well maintained office building with reception, offices, conference/showroom, kitchen, and ample parking.
Where is this office building located?
The property is located at 2515 Washington Street Huntsville, AL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Well maintained office building with reception area, kitchen, and utility room; Includes 3 offices plus a conference room or showroom with a fireplace; Ample parking on site
