Office Building with Two
3609 South Memorial Parkway Huntsville, AL 35801
3609 South Memorial Parkway, Huntsville, AL, 35801
$1,600,000
For Sale
$1,600,000
Visible office building offers two separate suites that can be combined for a larger footprint.
Property Size4,700 SF
Lot Size0.58 Acres
Price / SF$340.43
Days on Market80
Property Features for 3609 South Memorial Parkway
General Information
- Standard status
- Active
- Size
- 4,700 SF
- Lot size
- 0.58 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1977
Listing agency
Russ Russell Real Estate
(256) 527-7777
Listed by
Russ Russell · License #25965
(256) 527-7777
Source
Exitrealty
Added: May 5 Updated: Jul 10 at 2:06PM Checked: Jul 22 at 8:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russ Russell Real Estate
Investment Insights
Based on property information with market context.
This approximately 4,700 square foot office building is offered with two separate office suites, which can be combined into one larger office space. The property is set up for flexible tenant layouts while maintaining a clear, multi-suite configuration within the existing building.
The building is highly visible from the Parkway on the northbound access road and is located in a heavily populated area of South Huntsville. It sits directly across from the Stadium Commons development site and the John Hunt Sports Complex, placing the property in a prominent, destination-adjacent setting.
The combination of strong visibility and a two-suite layout can support a range of office users, from organizations that prefer separate space to those looking to operate under one roof. In addition to the building, the sale includes a 0.32-acre lot directly behind the structure, for a total of 0.58 acres of property.
The building is highly visible from the Parkway on the northbound access road and is located in a heavily populated area of South Huntsville. It sits directly across from the Stadium Commons development site and the John Hunt Sports Complex, placing the property in a prominent, destination-adjacent setting.
The combination of strong visibility and a two-suite layout can support a range of office users, from organizations that prefer separate space to those looking to operate under one roof. In addition to the building, the sale includes a 0.32-acre lot directly behind the structure, for a total of 0.58 acres of property.
Key Highlights
- Approx. 4,700 SF office building built in 1977
- 2 separate office suites that could be combined into one larger office space
- Highly visible from the Parkway on the northbound access road in South Huntsville
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Farmers Insurance - Roger ...
Insurance Agency
C&A Printing
Marketing & Advertising
Brazilian Wax Co.
Spa & Massage Center
FLS, Inc. dba ...
Translation Service
Based Brows
Medical Clinic
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FAQs
What type of property is this?
Office building - Visible office building offers two separate suites that can be combined for a larger footprint.
Where is this office building located?
The property is located at 3609 South 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 built in 1977; 2 separate office suites that could be combined into one larger office space; Highly visible from the Parkway on the northbound access road in South Huntsville
