Office Building Conversion
For Sale
$650,000
317 Longwood Drive, Huntsville, AL 35801
Business Opportunity, Huntsville, AL
Property Size2,172 SF
Lot Size0.28 Acres
Price / SF$299.26
Days on Market138
Property Features for 317 Longwood Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Business, Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Lot features
High Visibility
Directions
From Mem. Pkwy., Right On Governors Dr., Right On Harvard Dr., House On The Corner Of Harvard And Longwood Dr.
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
Listed By:
Russ Russell · License #25965
(256) 527-7777
Added: Jun 4
Changed: Oct 14
Last Checked: Oct 19 at 7:06PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,172-square-foot property is currently configured as a house and offers a potential office conversion under RO2, or Residential Office 2 District, zoning. The building includes three bedrooms, two bathrooms, a full kitchen, attic space, wood flooring, central heating, and central air conditioning. A shingle roof completes the existing structure.
The property occupies 0.28 acres near Huntsville’s medical district and sits directly behind the UAB Medical Building on Governor’s Drive. Public water and public sewer serve the site, providing established utility infrastructure for future remodeling or office use.
The property occupies 0.28 acres near Huntsville’s medical district and sits directly behind the UAB Medical Building on Governor’s Drive. Public water and public sewer serve the site, providing established utility infrastructure for future remodeling or office use.
Key Highlights
- 2,172 SF building on 0.28 acres
- RO2 (Residential Office 2 District) zoning
- Potential conversion from house to office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,748
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,960
$555.0K
Cap Rate 7%
$396,400
$396.4K
Cap Rate 9%
$308,311
$308.3K
Market Conditions
NOI Build-Up for 2,172 SF
Gross rent
$43.5K $20.04/SF
− Vacancy
−$6.5K −$3.01/SF
EGI
$37.0K $17.03/SF
− OpEx
−$9.2K −$4.26/SF
NOI
$27.7K $12.78/SF
Area
Huntsville, AL
Vacancy
15.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,960
Cap Rate 7%
$396,400
Cap Rate 9%
$308,311
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 35801, AL
22,539
Population
11,225
Households
2
Avg Household Size
43
Median Age
55%
College-Educated
90%
High-School Grad
13.8 sq mi
ZIP Area
1,633
Density / Sq Mi
$103,125
Median Household Income
$60,370
Median Earnings
$1,130
Median Rent
$399,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Existing improvements include a full kitchen, two bathrooms, three bedrooms, and attic space.
Where is this office building 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: 2,172 SF building on 0.28 acres; RO2 (Residential Office 2 District) zoning; Potential conversion from house to office space
