Renovated Flex
For Sale
$999,900
3010 University Drive, Huntsville, AL 35806
Business Opportunity, Huntsville, AL
Property Size7,800 SF
Lot Size0.47 Acres
Price / SF$128.19
Days on Market101
Property Features for 3010 University Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial, Industrial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Directions
From North Parkway, Left On University, About 3 Miles Building On Right
Standard status
Active
Size
7,800 SF
Lot size
0.47 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
conference room
break room
Building Details
Floors in Building
1
Flooring type
Concrete
Listing Agency:
Norluxe Realty Huntsville
(256) 215-1755
Listed By:
Shana Leeth · License #116160
(256) 541-1400
Added: Jul 17
Changed: Oct 23
Last Checked: Oct 25 at 11:06PM
MLS# 21899144
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Investment Insights
Based on property information with market context.
This 7,800-square-foot flex space occupies 0.47 acres at 3010 University Drive in Huntsville. The renovated interior combines open office areas with room for private offices, conference rooms, or showroom use. Additional improvements include spacious break rooms, three bathrooms, concrete flooring, and open industrial-style ceilings.
A brand-new HVAC system supports the interior, while public water and public sewer serve the property. The flexible arrangement includes an additional open area that can support multiple business uses within the existing office-warehouse configuration.
A brand-new HVAC system supports the interior, while public water and public sewer serve the property. The flexible arrangement includes an additional open area that can support multiple business uses within the existing office-warehouse configuration.
Key Highlights
- 7,800‑square‑foot flex space on 0.47 acres
- Renovated office‑warehouse interior with open office areas
- Brand‑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
Office B
$1.42M
$1.25M – $1.66M
NOI $99,649 @ 7.0% cap · market cap 9.97%
Second Best
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $83,959 @ 7.0% cap · market cap 8.40%
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.
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
469
Businesses Nearby
Under-served
Demand for This Use
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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 Office 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 - Adaptable commercial layout with open offices, conference areas, break rooms, and contemporary industrial finishes.
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 space on 0.47 acres; Renovated office‑warehouse interior with open office areas; Brand‑new HVAC system
