Leased Restaurant
2614 MEMORIAL PARKWAY N, Huntsville, AL 35811
For Sale
New
$450,000
Commercial Sale, HUNTSVILLE, AL
Property Size2,750 SF
Lot Size0.79 Acres
Price / SF$163.64
Days on Market3
Property Features for 2614 MEMORIAL PARKWAY N
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Water source
Building Details
Year built
Floors in Building
Flooring type
Listing Agency:
Keller Williams Lewisburg, TN · Keller Williams Realty
(931) 359-9393
Listed By:
Vickie Bean · License AL #138629
(931) 652-7757
Added: Nov 9
Last Checked: Nov 11 at 1:06PM
MLS# 21933670
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2,750-square-foot restaurant building sits on a 0.79-acre parcel and was built in 1978. Interior features include concrete flooring and two bathrooms. The property also has a parking lot and public water service.
The existing tenant is leased and has indicated a desire to continue occupancy.
The existing tenant is leased and has indicated a desire to continue occupancy.
Key Highlights
- 2,750‑square‑foot restaurant on a 0.79‑acre parcel
- Current tenant is leased and wants to remain
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,412
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,240
$768.2K
Cap Rate 7%
$548,743
$548.7K
Cap Rate 9%
$426,800
$426.8K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$52.8K $19.20/SF
− Vacancy
−$1.6K −$0.58/SF
EGI
$51.2K $18.62/SF
− OpEx
−$12.8K −$4.66/SF
NOI
$38.4K $13.97/SF
Area
Huntsville, AL
Vacancy
3.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,240
Cap Rate 7%
$548,743
Cap Rate 9%
$426,800
Alternative Uses
Best Use
Specialty Retail
$548.7K
$480.2K – $640.2K
NOI $38,412 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$716.1K
$626.6K – $835.5K
NOI $50,127 @ 7.0% cap · market cap 11.14%
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
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
224k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 36%
Dining 35%
Shops & Services 24%
Apparel 3%
Walmart
Superstores
79,978 visits/mo
0.4 miles
McDonald's
Dining
26,818 visits/mo
0.2 miles
Wendy's
Dining
18,323 visits/mo
0.3 miles
Murphy USA
Shops & Services
15,941 visits/mo
0.3 miles
Dollar Tree
Shops & Services
12,055 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The current tenant is under lease and has indicated an intention to remain in place.
Where is this conventional restaurant located?
The property is located at 2614 MEMORIAL PARKWAY N Huntsville, AL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,750‑square‑foot restaurant on a 0.79‑acre parcel; Current tenant is leased and wants to remain; Built in 1978
