Flex Space with Overhead
2800 JORDAN LANE NW, Huntsville, AL 35816
For Sale
New
$399,900
Commercial Sale, HUNTSVILLE, AL
Property Size2,880 SF
Lot Size0.66 Acres
Price / SF$138.85
Days on Market1
Property Features for 2800 JORDAN LANE NW
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Legend Realty
(256) 428-3780
Listed By:
Larry Barkley · License AL #96155
(256) 694-5944
Added: Nov 11
Last Checked: Nov 11 at 1:06PM
MLS# 21933819
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Investment Insights
Based on property information with market context.
This single-story flex building contains 2,880 square feet on approximately 0.66 acres. Constructed in 1993, the metal-sided property has concrete flooring, two bathrooms, central heating and air conditioning, and public water. Its interior includes service and shop space, with an overhead door for building access.
The property fronts Jordan Lane NW, with approximately 100 feet of road frontage. LI (Light Industry) zoning applies. The building is tenant occupied, and showings are by appointment. Any future use remains subject to the existing tenancy and zoning approval.
The property fronts Jordan Lane NW, with approximately 100 feet of road frontage. LI (Light Industry) zoning applies. The building is tenant occupied, and showings are by appointment. Any future use remains subject to the existing tenancy and zoning approval.
Key Highlights
- 2,880‑square‑foot single‑story flex building on approximately 0.66 acres
- Approximately 100 feet of road frontage on Jordan Lane NW
- LI (Light Industry) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,000
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,000
$620.0K
Cap Rate 7%
$442,857
$442.9K
Cap Rate 9%
$344,444
$344.4K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$51.8K $18.00/SF
− Vacancy
−$4.1K −$1.44/SF
EGI
$47.7K $16.56/SF
− OpEx
−$16.7K −$5.80/SF
NOI
$31.0K $10.76/SF
Area
Huntsville, AL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,000
Cap Rate 7%
$442,857
Cap Rate 9%
$344,444
Alternative Uses
Best Use
Flex RnD
$442.9K
$387.5K – $516.7K
NOI $31,000 @ 7.0% cap · market cap 7.75%
Second Best
Industrial
$260.1K
$227.6K – $303.4K
NOI $18,204 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$750.0K
$656.2K – $875.0K
NOI $52,497 @ 7.0% cap · market cap 13.13%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
178
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
$114,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Huntsville, AL
Properties on Market for Flex space in Huntsville
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - LI zoning and a shop-oriented layout support commercial service use, subject to zoning approval.
Where is this flex space located?
The property is located at 2800 JORDAN LANE NW Huntsville, AL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,880‑square‑foot single‑story flex building on approximately 0.66 acres; Approximately 100 feet of road frontage on Jordan Lane NW; LI (Light Industry) zoning
