Multi-Building Industrial
3224 Hi-Lo Circle Huntsville, AL 35811
For Sale
$4,000,000
COMMERCIAL - Huntsville, AL
Property Size18,000 SF
Lot Size4.30 Acres
Price / SF$222.22
Days on Market157
Property Features for 3224 Hi-Lo Circle
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- 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: Jul 23
Last Checked: Jul 27 at 2:06AM
MLS# 21910079
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Investment Insights
Based on property information with market context.
This multi-use industrial property includes six metal buildings totaling more than 18,000 square feet. Each building features a bay door, supporting industrial or manufacturing activity. The site is positioned on 4.30 acres and is described as being located within an Opportunity Zone and a HUB Zone.
Access is highlighted to HWY 231/431, I-565, and HWY 72, along with proximity to Chase Industrial Park, established businesses, and downtown Huntsville. The listing address is 3224 Hi-Lo Circle, Huntsville, AL 35811.
The configuration provides multiple building options within a single ownership footprint, with bay-door access across the six structures.
Access is highlighted to HWY 231/431, I-565, and HWY 72, along with proximity to Chase Industrial Park, established businesses, and downtown Huntsville. The listing address is 3224 Hi-Lo Circle, Huntsville, AL 35811.
The configuration provides multiple building options within a single ownership footprint, with bay-door access across the six structures.
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.
Financial Insights For Warehouse
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 | $162.0k | $9.00 |
| − Vacancy | −$9.6k | −$0.53 |
| EGI | $152.4k | $8.47 |
| − OpEx | −$22.9k | −$1.27 |
| NOI | $129.5k | $7.20 |
18,000 SF · lease $9.00/SF/yr · vacancy 5.94% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.85M
$1.62M – $2.16M
NOI $129,521 @ 7.0% cap · market cap 3.24%
Second Best
Industrial
$1.63M
$1.42M – $1.90M
NOI $113,775 @ 7.0% cap · market cap 2.84%
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 Off Market Nearby
- ProlifiAutomotive — 3224 NE S HI-LO Cir b, Huntsville, AL 35811
FAQs
What type of property is this?
Warehouse - Multi-use industrial site with six metal buildings and bay doors, totaling more than 18,000 square feet on 4.30 acres.
Where is this warehouse 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.
