High-Visibility Commercial Property on Jordan
For Sale
Contact for pricing
2644 Jordan Ln NW, Huntsville, AL 35816
0.43-acre site with office and multi-bay garages.
Property Size1,807 SF
Lot Size0.43 Acres
Price / SF$249.03
Days on Market174
Property Features for 2644 Jordan Ln NW
General Information
Standard status
Active
Size
1,807 SF
Class
C
Lot size
0.43 Acres
Property subtype
Mixed Use, Retail, Special Purpose
Zoning
C4 (Highway Business)
Occupancy
100%
Building Details
Year Built
1971
Year Renovated
2022
Buildings
3
Stories
1
Listing Agency:
Aegis Commercial Real Estate LLC
Listed By:
Jared Dison · License #AL 000110309
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 12 at 11:00AM
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 Aegis Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This commercial property is located on high-visibility Jordan Ln, with approximately 20,000 vehicles passing daily. The 0.43-acre site features highway-commercial zoning and a setup suitable for auto, service, contractor, or small-business operations. Since 2021, the owners have added two new metal 2-bay garages, each equipped with roll-up doors, heat, and electricity, creating a functional multi-bay service environment. The property also includes a 547 SF office building suitable for sales, customer reception, or administrative space. The lot layout supports vehicle circulation, outdoor display, and equipment storage. The combination of office space and multi-bay garages makes this property suitable for operators needing both frontage and functional workspace. The property is located in Huntsville, AL.
Key Highlights
- High‑visibility location on Jordan Ln (AL‑53) with ±20,000 daily vehicle traffic.
- Flexible highway‑commercial zoning suitable for various business operations.
- Turnkey setup with new metal 2‑bay garages (heat, electricity, roll‑up doors).
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
$23,085
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
5.13%
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%
$461,700
$461.7K
Cap Rate 7%
$329,786
$329.8K
Cap Rate 9%
$256,500
$256.5K
Market Conditions
NOI Build-Up for 1,807 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
$36.2K $20.04/SF
− Vacancy
−$5.4K −$3.01/SF
EGI
$30.8K $17.03/SF
− OpEx
−$7.7K −$4.26/SF
NOI
$23.1K $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 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%
$461,700
Cap Rate 7%
$329,786
Cap Rate 9%
$256,500
Alternative Uses
Best Use
Office B
$329.8K
$288.6K – $384.8K
NOI $23,085 @ 7.0% cap · market cap 5.13%
Second Best
Retail
$315.5K
$276.1K – $368.1K
NOI $22,085 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$470.5K
$411.7K – $549.0K
NOI $32,938 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Well-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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - 0.43-acre site with office and multi-bay garages.
Where is this auto shop located?
The property is located at 2644 Jordan Ln NW 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: High‑visibility location on Jordan Ln (AL‑53) with ±20,000 daily vehicle traffic.; Flexible highway‑commercial zoning suitable for various business operations.; Turnkey setup with new metal 2‑bay garages (heat, electricity, roll‑up doors).
