Six-Building Industrial
For Sale
$4,000,000
3224 Hi-Lo Circle, Huntsville, AL 35811
Business Opportunity, Huntsville, AL
Property Size18,000 SF
Lot Size4.30 Acres
Price / SF$222.22
Days on Market240
Property Features for 3224 Hi-Lo Circle
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Directions
From Mem. Pkwy. Right On Sparkman Dr. Left On Meridian Street. Right On Wholesale Ave. Right On Hi Lo Circle At The End Of The Cul-De-Sac.
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
Listed By:
Russ Russell · License #25965
(256) 527-7777
Added: Feb 20
Changed: Oct 16
Last Checked: Oct 18 at 11:06PM
MLS# 21910079
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.
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Investment Insights
Based on property information with market context.
This industrial property comprises 4.30 acres with six metal buildings totaling more than 18,000 square feet. Each structure includes a bay door, supporting a range of industrial and manufacturing operations. Concrete flooring, metal roofing, central air, and heat pump heating are in place, with the improvements originally built in 1980.
The site is positioned near HWY 231/431, I-565, and HWY 72, with Chase Industrial Park, established businesses, and downtown Huntsville in the surrounding area. The property is designated within both an Opportunity Zone and a HUB Zone. Public water and public sewer serve the site.
The site is positioned near HWY 231/431, I-565, and HWY 72, with Chase Industrial Park, established businesses, and downtown Huntsville in the surrounding area. The property is designated within both an Opportunity Zone and a HUB Zone. Public water and public sewer serve the site.
Key Highlights
- 4.30‑acre industrial property with six metal buildings
- More than 18,000 square feet of total building space
- A bay door is included with each building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,775
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,275,500
$2.3M
Cap Rate 7%
$1,625,357
$1.6M
Cap Rate 9%
$1,264,167
$1.3M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$172.8K $9.60/SF
− Vacancy
−$10.3K −$0.57/SF
EGI
$162.5K $9.03/SF
− OpEx
−$48.8K −$2.71/SF
NOI
$113.8K $6.32/SF
Area
Huntsville, AL
Vacancy
5.94%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,275,500
Cap Rate 7%
$1,625,357
Cap Rate 9%
$1,264,167
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 35811, AL
30,075
Population
12,314
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
93%
High-School Grad
46.9 sq mi
ZIP Area
641
Density / Sq Mi
$92,361
Median Household Income
$45,038
Median Earnings
$1,048
Median Rent
$249,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Multi-building commercial site with bay access, concrete floors, and public water and sewer service.
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: 4.30‑acre industrial property with six metal buildings; More than 18,000 square feet of total building space; A bay door is included with each building
