Flex Space with Office
For Sale
$999,900
3010 University Drive, Huntsville, AL 35806
Updated interiors include adaptable office areas, break rooms, and an open work zone.
Property Size7,800 SF
Price / SF$128.19
Days on Market412
Property Features for 3010 University Drive
General Information
Standard status
Active
Size
7,800 SF
Property subtype
COMMERCIAL
Site & Location
Neighborhood
Terry Heights-Hillandale
Additional Details
Property Use
Office Warehouse
Amenities
conference rooms
break rooms
Building Details
Building Size
7,800 SF
Listing Agency:
Norluxe Realty Huntsville
Listed By:
Shana Leeth · License #116160
(256) 541-1400
Source:
Intownpartners
Added: Sep 15, 2025
Changed: Oct 31
Last Checked: Oct 30 at 5:36AM
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 Norluxe Realty Huntsville
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Investment Insights
Based on property information with market context.
This 7,800-square-foot flex property in Huntsville includes open office areas, break rooms, and a separate open section. A new HVAC system and exposed industrial-style ceilings are also part of the space.
The property is located at 3010 University Drive, Huntsville, Alabama 35806.
The property is located at 3010 University Drive, Huntsville, Alabama 35806.
Key Highlights
- 7,800‑square‑foot flex property
- Open office areas, break rooms, and a separate open section
- New HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,959
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,679,180
$1.7M
Cap Rate 7%
$1,199,414
$1.2M
Cap Rate 9%
$932,878
$932.9K
Market Conditions
NOI Build-Up for 7,800 SF
Gross rent
$140.4K $18.00/SF
− Vacancy
−$11.2K −$1.44/SF
EGI
$129.2K $16.56/SF
− OpEx
−$45.2K −$5.80/SF
NOI
$84.0K $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%
$1,679,180
Cap Rate 7%
$1,199,414
Cap Rate 9%
$932,878
Alternative Uses
Best Use
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $83,959 @ 7.0% cap · market cap 8.40%
Second Best
Warehouse
$801.8K
$701.6K – $935.4K
NOI $56,126 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,178 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35806, AL
25,702
Population
14,398
Households
1.8
Avg Household Size
36
Median Age
60%
College-Educated
97%
High-School Grad
25.4 sq mi
ZIP Area
1,012
Density / Sq Mi
$79,338
Median Household Income
$50,458
Median Earnings
$1,287
Median Rent
$318,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Chef on Call LLC — 1012 Jordan Ln NW, Huntsville, AL 35816
Frequently Asked Questions
What type of property is this?
Flex space - Updated interiors include adaptable office areas, break rooms, and an open work zone.
Where is this flex space located?
The property is located at 3010 University Drive Huntsville, AL.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 7,800‑square‑foot flex property; Open office areas, break rooms, and a separate open section; New HVAC system
