Multi-Purpose Commercial Flex
For Sale
$450,000
4058 Memorial Parkway S, Huntsville, AL 35802
COMMERCIAL - Huntsville, AL
Property Size2,448 SF
Lot Size0.38 Acres
Price / SF$183.82
Days on Market29
Property Features for 4058 Memorial Parkway S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot
Lot features
High Visibility
Directions
From Airport Road, South On S. Memorial Parkway, Subject Property Is On The Right Just Before Golf Road.
Standard status
Active
Size
2,448 SF
Lot size
0.38 Acres
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Russ Russell Real Estate
(256) 536-7777
Listed By:
Russ Russell · License #25965
(256) 527-7777
Added: Jul 14
Changed: Aug 4
Last Checked: Aug 11 at 3:06AM
MLS# 21923647
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Investment Insights
Based on property information with market context.
This 2,448 SF multi-purpose commercial flex building was updated in 2012 with new 12-ton HVAC, electrical and plumbing fixtures, and a security system. The interior includes two updated restrooms, a private office with built-ins, a storage room, and an 8-foot drive-thru door. Epoxy flooring was installed in 2021, and the property is equipped with WiFi, with ceiling heights of 10 and 12 feet.
The building sits on a large lot suitable for future building expansion and is positioned next to the corner of Memorial Parkway S and Golf Road, within the Huntsville (HSV) area.
With its flexible layout, drive-thru access, and finished office and restroom amenities, the space can support a range of small retail or industrial uses.
The building sits on a large lot suitable for future building expansion and is positioned next to the corner of Memorial Parkway S and Golf Road, within the Huntsville (HSV) area.
With its flexible layout, drive-thru access, and finished office and restroom amenities, the space can support a range of small retail or industrial uses.
Key Highlights
- 2,448 SF multi‑purpose commercial building updated in 2012 for future expansion
- 12‑ton HVAC system updated in 2012, with electrical and plumbing fixtures added
- 8‑ft drive‑thru door plus private office with built‑ins and storage room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,350
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$527,000
$527.0K
Cap Rate 7%
$376,429
$376.4K
Cap Rate 9%
$292,778
$292.8K
Market Conditions
NOI Build-Up for 2,448 SF
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.
Gross rent
$44.1K $18.00/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$40.5K $16.56/SF
− OpEx
−$14.2K −$5.80/SF
NOI
$26.4K $10.76/SF
Area
Huntsville, AL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$527,000
Cap Rate 7%
$376,429
Cap Rate 9%
$292,778
Alternative Uses
Best Use
Flex RnD
$376.4K
$329.4K – $439.2K
NOI $26,350 @ 7.0% cap · market cap 5.86%
Second Best
Industrial
$221.0K
$193.4K – $257.9K
NOI $15,473 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$637.5K
$557.8K – $743.7K
NOI $44,622 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35802, AL
23,842
Population
12,359
Households
1.9
Avg Household Size
44
Median Age
51%
College-Educated
95%
High-School Grad
16.4 sq mi
ZIP Area
1,454
Density / Sq Mi
$72,195
Median Household Income
$46,938
Median Earnings
$1,051
Median Rent
$319,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Updated 2,448 SF flex building with drive-thru door, private office, 10- and 12-foot ceilings, and epoxy flooring.
Where is this flex space located?
The property is located at 4058 Memorial Parkway S Huntsville, AL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,448 SF multi‑purpose commercial building updated in 2012 for future expansion; 12‑ton HVAC system updated in 2012, with electrical and plumbing fixtures added; 8‑ft drive‑thru door plus private office with built‑ins and storage room
