Residential Office Conversion
317 Longwood Drive Huntsville, AL 35801
317 Longwood Drive, Huntsville, AL, 35801
$650,000
For Sale
$650,000
COMMERCIAL - Huntsville, AL
Property Size2,172 SF
Lot Size0.28 Acres
Price / SF$299.26
Days on Market47
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
Listing Agency
Russ Russell Real Estate
(256) 536-7777
923-C Merchants Walk, Huntsville, AL
Listed by
Russ Russell · License #25965
(256) 527-7777
Added: Jun 4 Checked: Jul 20 at 3:06 am
MLS# 21919951
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Investment Insights
Based on property information with market context.
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.
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.
Key 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
Local Financial Insights For Office B
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 | $43.5k | $20.04 |
| − Vacancy | −$6.5k | −$3.01 |
| EGI | $37.0k | $17.03 |
| − OpEx | −$9.2k | −$4.26 |
| NOI | $27.7k | $12.78 |
2,172 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$396.4K
$346.9K – $462.5K
NOI $27,748 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.6K
$494.9K – $659.9K
NOI $39,591 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kelly B. massage
Alternative Medicine Practice
Similar For Sale Nearby
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
