Flex Building With Dock
For Sale
$1,200,000
Pending
3240 LEEMAN FERRY ROAD SW, Huntsville, AL 35801
Commercial Sale, HUNTSVILLE, AL
Property Size12,000 SF
Lot Size1.60 Acres
Days on Market75
Property Features for 3240 LEEMAN FERRY ROAD SW
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 5, Bathroom 2, Bathroom 6, Bathroom 8, Bathroom 7
Directions
231 South - West on Drake - South on Leeman Ferry Rd - Property is on the Right
Standard status
Pending
APN
1706141000033000
Size
12,000 SF
Lot size
1.60 Acres
Additional Details
Property Use
Flex
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 1 LEEMAN FERRY CENTERPB # 20060628000425290
Tax Annual Amount
7773
Legal Description
UNIT 1 LEEMAN FERRY CENTERPB # 20060628000425290
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
2
Flooring type
Vinyl, Carpet
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
Capstone Realty
(256) 382-7300
Listed By:
Phillip Drummond · License #95108
(256) 656-2343
Added: Aug 18
Changed: Oct 31
Last Checked: Oct 31 at 4:06AM
MLS# 21926774
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Investment Insights
Based on property information with market context.
This 12,000-square-foot flex property at 3240 Leeman Ferry Road SW contains approximately 6,000 square feet of office area and 6,000 square feet of warehouse space. A section of the warehouse has been fitted out as a heated and cooled shop office. Loading access includes one 12-by-12-foot drive-in door, a 12-by-12-foot dock-high door, and a 14-by-8-foot dock-high door. The building was constructed in 1976 and sits on 1.6 acres.
The property is in Huntsville, with access to Memorial Parkway, downtown, and nearby commercial corridors. Central heating and air conditioning serve the building; public water is available.
The property is in Huntsville, with access to Memorial Parkway, downtown, and nearby commercial corridors. Central heating and air conditioning serve the building; public water is available.
Key Highlights
- 12,000‑square‑foot flex building on 1.6 acres
- Approximately 6,000 square feet each of office and warehouse space
- Warehouse section includes a heated and cooled shop office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,347
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,726,940
$1.7M
Cap Rate 7%
$1,233,529
$1.2M
Cap Rate 9%
$959,411
$959.4K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$108.0K $9.00/SF
− Vacancy
−$6.4K −$0.53/SF
EGI
$101.6K $8.47/SF
− OpEx
−$15.2K −$1.27/SF
NOI
$86.3K $7.20/SF
Area
Huntsville, AL
Vacancy
5.94%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,726,940
Cap Rate 7%
$1,233,529
Cap Rate 9%
$959,411
Alternative Uses
Best Use
Flex RnD
$1.85M
$1.61M – $2.15M
NOI $129,168 @ 7.0% cap · market cap 10.76%
Second Best
Warehouse
$1.23M
$1.08M – $1.44M
NOI $86,347 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$3.12M
$2.73M – $3.65M
NOI $218,736 @ 7.0% cap · market cap 18.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,069
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Gibson's Bar-B-Q — 3319 Memorial Pkwy SW, Huntsville, AL 35801
- Firehouse Subs Memorial Pkwy — 3022 Memorial Pkwy SW, Huntsville, AL 35801
Frequently Asked Questions
What type of property is this?
Flex space - A balanced office-and-warehouse layout includes a heated and cooled shop office.
Where is this flex space located?
The property is located at 3240 LEEMAN FERRY ROAD SW Huntsville, AL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 12,000‑square‑foot flex building on 1.6 acres; Approximately 6,000 square feet each of office and warehouse space; Warehouse section includes a heated and cooled shop office
