Office Building with Two Office
For Sale
$1,600,000
3609 S Memorial Parkway, Huntsville, AL 35801
SINGLE_FAMILY - Huntsville, AL
Property Size4,700 SF
Lot Size0.58 Acres
Price / SF$340.43
Days on Market68
Property Features for 3609 S Memorial Parkway
General Information
Property type
Residential
Property subtype
Office
Zoning description
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Parking Lot
Lot features
High Visibility
Directions
On The Access Road On South Memorial Parkway Just North Of Airport Road
Standard status
Active
APN
1706131000006000
Size
4,700 SF
Lot size
0.58 Acres
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1977
Floors in Building
1
Flooring type
Carpet
Roof type
Metal
Listing Agency:
Russ Russell Real Estate
(256) 536-7777
Listed By:
Russ Russell · License #25965
(256) 527-7777
Added: May 29
Changed: Aug 1
Last Checked: Aug 4 at 6:06AM
MLS# 21917118
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Investment Insights
Based on property information with market context.
Approx. 4,700 SF office building for sale with 2 separate office suites that could be combined into one larger office space. Interior finishes include carpet flooring, and the building has multiple bathrooms. Heating is provided by a heat pump system and cooling is central air. The roof is metal, and the property has a parking lot for tenant and visitor use.
The building is highly visible from the Parkway on the north bound access road in a heavily populated area of South Huntsville. It is across from the Stadium Commons development site and the John Hunt Sports Complex.
This sale includes a .32 acre lot directly behind the building for a total of .58 acres of property. Public water and public sewer services are available to the building. The building was constructed in 1977.
The building is highly visible from the Parkway on the north bound access road in a heavily populated area of South Huntsville. It is across from the Stadium Commons development site and the John Hunt Sports Complex.
This sale includes a .32 acre lot directly behind the building for a total of .58 acres of property. Public water and public sewer services are available to the building. The building was constructed in 1977.
Key Highlights
- Approx. 4,700 SF office building with 2 separate office suites that could be combined
- Total 0.58 acres: includes a .32 acre lot directly behind the building
- Highly visible from the Parkway on the north bound access road
Financial Insights For Office B
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 | $94.2k | $20.04 |
| − Vacancy | −$14.1k | −$3.01 |
| EGI | $80.1k | $17.03 |
| − OpEx | −$20.0k | −$4.26 |
| NOI | $60.0k | $12.78 |
4,700 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$857.8K
$750.6K – $1.00M
NOI $60,045 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,672 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,000
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two separate office suites with central air and heat pump, metal roof, and on-site parking lot.
Where is this office building located?
The property is located at 3609 S Memorial Parkway Huntsville, AL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approx. 4,700 SF office building with 2 separate office suites that could be combined; Total 0.58 acres: includes a .32 acre lot directly behind the building; Highly visible from the Parkway on the north bound access road
