Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Office Conversion Property Title is generated by Realmo AI

    317 Longwood Drive, Huntsville, AL 35801

    View on Map
    Claim this Listing
    New
    For Sale
    $650,000

    COMMERCIAL - Huntsville, AL

    Type:Office
    Property size:
    2,172 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $299/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 317 Longwood Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    1701013001003.000
    Size
    2,172 SF
    Lot size
    0.28 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Wood
    Roof type
    Shingle

    We can help!

    Listing Contact
    Russ Russell
    Russ Russell

    Listing agent Russ Russell License #25965

    Listing office Russ Russell Real Estate 923-C Merchants Walk, Huntsville, AL

    Listing date Jun 4, 2026

    MLS# 21919951

    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.

    HighLights

    • Zoned RO2 (Residential Office 2 District) on 0.28 acres near the medical district
    • Located directly behind UAB Medical Building on Governor's Drive
    • 2,172 SF house with 3 bedrooms and 2 bathrooms
    • Full kitchen plus attic space, with ability to remodel to suit
    • Public utilities: public water and public sewer
    • Wood flooring, central heating, and central air; shingle roof

    Overview

    This property is a house zoned RO2 (Residential Office 2 District) that can be converted to office use. The existing configuration includes 2 bathrooms, a full kitchen, 3 bedrooms, and attic space, along with additional features noted in the listing. The 2,172-square-foot building can be remodeled to suit an office layout and is positioned on a 0.28-acre lot.

    The property is located directly behind the UAB Medical Building on Governor’s Drive and is described as being near the medical district. That placement can support professional uses where proximity to healthcare-related activity is a consideration. The listing notes an area map in the photos.

    For office users or investors looking for a smaller-scale office conversion, the RO2 zoning and existing room count may provide a workable foundation for multiple offices or workspaces. The presence of a full kitchen and two bathrooms can also be practical for day-to-day office operations. The property is offered for sale as a standalone parcel, and the listing mentions it may be purchased together with 315 Longwood Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kelly B. massage Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.58518
    Latitude
    34.718409

    Nearby Similar for Sale

    • $595,000
      2,925 SF

      Restaurant Bar Redevelopment Site

      Restaurant/bar property with 100 feet of frontage and light industry zoning on South Memorial Parkway S.
      7904 Memorial Parkway S, Huntsville, AL 35802
      View Details
    • $1,600,000
      4,700 SF

      Huntsville Office Building For Sale

      4,700 SF office building in South Huntsville for sale.
      3609 S Memorial Parkway, Huntsville, AL 35801
      View Details
    • $550,000
      2,050 SF

      Residential-to-Office Conversion Opportunity

      Zoned RO2 and near the medical district, this 2,050 SF home offers space well-suited for office conversion.
      315 Longwood Drive, Huntsville, AL 35801
      View Details
    • $750,000
      4,000 SF

      Multi-Suite Retail and Office Building

      Class A multi-suite building offering office and retail-style spaces, with multiple restrooms and flexible layouts.
      2055 Blue Spring Road, Huntsville, AL 35810
      View Details
    • $879,000
      6,776 SF

      Huntsville Commercial/Retail Building For Sale

      Multi-purpose commercial/retail building in a highly visible South Huntsville location.
      11590 Memorial Parkway S, Huntsville, AL 35803
      View Details
    • $320,000

      Huntsville Commercial Property Auction

      Commercial property on 3 acres in fast-growing area.
      2600 Winchester Road, Huntsville, AL 35811
      View Details
    • $675,000
      4,075 SF

      Huntsville Commercial Property For Sale

      Versatile commercial property suitable for retail, office, or investment.
      5978 Pulaski Pike NW, Huntsville, AL 35810
      View Details
    • $449,900
      1,560 SF

      Huntsville Commercial Corner Lot

      Corner lot near Stovehouse, suitable for office or service shop.
      200 8th Street NW, Huntsville, AL 35805
      View Details
    • $649,000
      5,600 SF

      Huntsville Redevelopment Opportunity

      6.10-acre property with redevelopment potential in Huntsville, Alabama.
      2222 Governors Drive, Huntsville, AL 35801
      View Details
    • $1,150,000
      7,800 SF

      Renovated Office Warehouse Space

      Renovated office warehouse in Huntsville with flexible layouts.
      3010 University Drive, Huntsville, AL 35806
      View Details
    • $475,000
      2,124 SF

      Restaurant Redevelopment Property

      Commercial property offered for sale in as-is condition, positioned among major restaurants and retail in Northeast Huntsville.
      108 Cagle Road, Huntsville, AL 35811
      View Details
    • $3,390,000
      32,933 SF

      Unique Huntsville Commercial Building For Sale

      Versatile 32,933 SF building suitable for diverse uses.
      1435 Paramount Drive, Huntsville, AL 35806
      View Details

    FAQs

    What type of property is this?
    Office units - RO2 zoned home near the medical district with kitchen, bathrooms, and multiple rooms ready for office remodeling.
    Where is this office units located?
    The property is located at 317 Longwood Drive Huntsville, AL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Zoned RO2 (Residential Office 2 District) on 0.28 acres near the medical district; Located directly behind UAB Medical Building on Governor's Drive; 2,172 SF house with 3 bedrooms and 2 bathrooms
    (256) 527-7777
    We can help!
    Listing Contact
    Russ Russell
    Russ Russell
    Real Estate License ID: 25965
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    317 Longwood Drive, Huntsville, AL 35801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!