Huntsville Commercial Property with
3224 Hi-Lo Circle Huntsville, AL 35811
3224 Hi-Lo Circle, Huntsville, AL, 35811
$4,000,000
For Sale
$4,000,000
COMMERCIAL - Huntsville, AL
Property Size18,000 SF
Lot Size4.30 Acres
Price / SF$222.22
Days on Market147
Property Features for 3224 Hi-Lo Circle
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 1304180004081.000
- Size
- 18,000 SF
- Lot size
- 4.30 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Flooring type
- Concrete
- Roof type
- Metal
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: Feb 20 Checked: Jul 17 at 10:06 pm
MLS# 21910079
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Investment Insights
Based on property information with market context.
This commercial property, situated in Huntsville, Alabama, offers a rare opportunity with its prime location. The 4.30-acre multi-use property is located within both an Opportunity Zone and a HUB Zone. It features six metal buildings, providing more than 18,000 square feet of space. Each building includes a bay door, making the property suitable for industrial or manufacturing activities. The location provides convenient access to HWY 231/431, I-565, HWY 72, Chase Industrial Park, established businesses, and downtown Huntsville.
Key Highlights
- Prime location in Huntsville with convenient access to HWY 231/431, I‑565, HWY 72, Chase Industrial Park, established businesses, and downtown Huntsville.
- 4.30‑acre multi‑use property suitable for various commercial activities.
- Located in both an Opportunity Zone and HUB Zone, offering potential financial benefits.
Local Financial Insights For Industrial
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 | $172.8k | $9.60 |
| − Vacancy | −$10.3k | −$0.57 |
| EGI | $162.5k | $9.03 |
| − OpEx | −$48.8k | −$2.71 |
| NOI | $113.8k | $6.32 |
18,000 SF · lease $9.60/SF/yr · vacancy 5.94% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.63M
$1.42M – $1.90M
NOI $113,775 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $328,104 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - 4.3-acre multi-use property with six metal buildings.
Where is this industrial property located?
The property is located at 3224 Hi-Lo Circle Huntsville, AL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Prime location in Huntsville with convenient access to HWY 231/431, I‑565, HWY 72, Chase Industrial Park, established businesses, and downtown Huntsville.; 4.30‑acre multi‑use property suitable for various commercial activities.; Located in both an Opportunity Zone and HUB Zone, offering potential financial benefits.
