Office Building With Two
For Sale
$1,050,000
3609 S MEMORIAL PARKWAY, Huntsville, AL 35801
Commercial Sale, HUNTSVILLE, AL
Property Size4,700 SF
Lot Size0.58 Acres
Price / SF$223.40
Days on Market183
Property Features for 3609 S MEMORIAL PARKWAY
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking
18
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
Additional Details
Property Use
Office
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1977
Floors in Building
1
Flooring type
Carpet
Building materials
Metal Siding
Roof type
Metal
Buildings
1
Listing Agency:
Russ Russell Real Estate
(256) 536-7777
Listed By:
Russ Russell · License #25965
(256) 527-7777
Added: May 5
Changed: Nov 3
Last Checked: Nov 3 at 11:06PM
MLS# 21917118
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 4,700-square-foot office building contains two distinct suites, with the option to combine them into one larger office. The property includes a 0.58-acre site, including a 0.32-acre parcel behind the building.
The building is visible from the northbound access road along the Parkway and sits across from the Stadium Commons development site and John Hunt Sports Complex. Built in 1977, it has a parking lot, central air, heat pump heating, carpet flooring, and metal siding.
The building is visible from the northbound access road along the Parkway and sits across from the Stadium Commons development site and John Hunt Sports Complex. Built in 1977, it has a parking lot, central air, heat pump heating, carpet flooring, and metal siding.
Key Highlights
- Approximately 4,700 square feet of office space
- Two suites can be used separately or combined
- Total site area of 0.58 acres, including a 0.32‑acre parcel behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,045
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,200,900
$1.2M
Cap Rate 7%
$857,786
$857.8K
Cap Rate 9%
$667,167
$667.2K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$94.2K $20.04/SF
− Vacancy
−$14.1K −$3.01/SF
EGI
$80.1K $17.03/SF
− OpEx
−$20.0K −$4.26/SF
NOI
$60.0K $12.78/SF
Area
Huntsville, AL
Vacancy
15.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,200,900
Cap Rate 7%
$857,786
Cap Rate 9%
$667,167
Alternative Uses
Best Use
Office B
$857.8K
$750.6K – $1.00M
NOI $60,045 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,672 @ 7.0% cap · market cap 8.16%
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
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two office areas can operate separately or be joined to create a larger workspace.
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 $1,050,000.
What are key features of this property?
This property features: Approximately 4,700 square feet of office space; Two suites can be used separately or combined; Total site area of 0.58 acres, including a 0.32‑acre parcel behind the building
