Two-Suite Office
For Sale
$1,280,000
3609 South Memorial Parkway, Huntsville, AL 35801
The interior can serve two office users independently or function as a larger unified workspace.
Property Size4,700 SF
Lot Size0.58 Acres
Price / SF$272.34
Days on Market179
Property Features for 3609 South Memorial Parkway
General Information
Standard status
Active
Size
4,700 SF
Lot size
0.58 Acres
Property subtype
Office
Additional Details
Office Units
2
Property Use
Office
Building Details
Building Size
4,700 SF
Year Built
1977
Buildings
1
Listing Agency:
Russ Russell Real Estate
Listed By:
Russ Russell · License #25965
(256) 536-7777
Source:
Intownpartners
Added: May 5
Changed: Oct 28
Last Checked: Oct 26 at 3:40PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,700-square-foot office property, built in 1977, contains two suites that may remain separate or be combined into a single larger office. The sale also includes a 0.32-acre parcel behind the building, bringing the combined property area to 0.58 acres.
The building is visible from the Parkway along its northbound access road. Stadium Commons development site and John Hunt Sports Complex are across the road.
The building is visible from the Parkway along its northbound access road. Stadium Commons development site and John Hunt Sports Complex are across the road.
Key Highlights
- 4,700‑square‑foot office building built in 1977
- Two office suites can be combined into one larger space
- 0.58 acres total, including a 0.32‑acre lot behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,045
Cap Rate
4.69%
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 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,672 @ 7.0% cap · market cap 6.69%
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
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 - The interior can serve two office users independently or function as a larger unified workspace.
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 $1,280,000.
What are key features of this property?
This property features: 4,700‑square‑foot office building built in 1977; Two office suites can be combined into one larger space; 0.58 acres total, including a 0.32‑acre lot behind the building
