Renovated Office Warehouse Flex
3010 University Drive Huntsville, AL 35806
For Sale
$999,900
COMMERCIAL - Huntsville, AL
Property Size7,800 SF
Lot Size0.47 Acres
Price / SF$128.19
Days on Market20
Property Features for 3010 University Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 3
- Standard status
- Active
- Size
- 7,800 SF
- Lot size
- 0.47 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
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 8
Changed: Jul 23
Last Checked: Jul 27 at 12:06AM
MLS# 21899144
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Investment Insights
Based on property information with market context.
This renovated office warehouse flex space offers an open office layout suited for private offices and conference rooms, along with spacious break rooms. An additional open section is designed to accommodate multiple business uses, supported by stylish open industrial ceilings. The property also features a brand-new HVAC system.
Located in Huntsville, Alabama, the property is presented for sale at 3010 University Drive (Madison County). The site totals 0.47 acres and includes 7,800 square feet of building area.
The current configuration blends office-ready interiors with flexible open warehouse/showroom space, making the property well-suited for tenants seeking both functional workspace and an industrial-style presentation area within one facility.
Located in Huntsville, Alabama, the property is presented for sale at 3010 University Drive (Madison County). The site totals 0.47 acres and includes 7,800 square feet of building area.
The current configuration blends office-ready interiors with flexible open warehouse/showroom space, making the property well-suited for tenants seeking both functional workspace and an industrial-style presentation area within one facility.
Key Highlights
- Renovated office warehouse space with open office layouts for private offices, conferences, or showroom use
- Includes spacious break rooms and an additional open section suited for multiple business uses
- Brand new HVAC system
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.4k | $18.00 |
| − Vacancy | −$11.2k | −$1.44 |
| EGI | $129.2k | $16.56 |
| − OpEx | −$45.2k | −$5.80 |
| NOI | $84.0k | $10.76 |
7,800 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.42M
$1.25M – $1.66M
NOI $99,649 @ 7.0% cap · market cap 9.97%
Second Best
Retail
$1.36M
$1.19M – $1.59M
NOI $95,332 @ 7.0% cap · market cap 9.53%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Chef on Call LLC — 1012 Jordan Ln NW, Huntsville, AL 35816
FAQs
What type of property is this?
Flex space - Renovated flex space with brand-new HVAC, open office areas, conference space, break rooms, and an open industrial showroom section.
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: Renovated office warehouse space with open office layouts for private offices, conferences, or showroom use; Includes spacious break rooms and an additional open section suited for multiple business uses; Brand new HVAC system
