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 Market56
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: Sep 8
Last Checked: Sep 10 at 4:06AM
MLS# 21899144
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.
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 = 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
$83,959
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
8.40%
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%
$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
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
$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 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%
$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.
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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
