Prime South Huntsville Investment
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4092 Memorial Pkwy SW, Huntsville, AL 35802
Excellent investment opportunity in a prime South Huntsville location.
Property Size37,248 SF
Lot Size2.73 Acres
Price / SF$147.66
Days on Market1229
Property Features for 4092 Memorial Pkwy SW
General Information
Standard status
Active
Size
37,248 SF
Class
B
Lot size
2.73 Acres
Property subtype
Office
Zoning
Commercial
Occupancy
80%
Lease Type
Gross
Site & Location
Neighborhood
Fleming Meadows-Westbury Estates
Building Details
Year Built
1999
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
John Blue Realty LLC
Listed By:
Jonathan Prince · License #000127793-1
Source:
Crexi
Added: Jun 23, 2023
Changed: Nov 1
Last Checked: Nov 1 at 6:07AM
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 John Blue Realty LLC
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 commercial property, suitable for office use, presents an investment opportunity in South Huntsville. Situated on approximately 2.73 acres, the property benefits from direct access to Redstone Arsenal Gate 1 and Martin Road. Its location on Memorial Parkway provides high visibility. The property features parking and an 8% Cap Rate. The building size is 37,248 square feet.
Key Highlights
- Prime South Huntsville location with direct access to Redstone Arsenal Gate 1 and Martin Road.
- Excellent investment opportunity with an 8% Cap Rate.
- Situated on 2.73 +/- acres.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$475,862
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,517,240
$9.5M
Cap Rate 7%
$6,798,029
$6.8M
Cap Rate 9%
$5,287,356
$5.3M
Market Conditions
NOI Build-Up for 37,248 SF
Gross rent
$746.4K $20.04/SF
− Vacancy
−$112.0K −$3.01/SF
EGI
$634.5K $17.03/SF
− OpEx
−$158.6K −$4.26/SF
NOI
$475.9K $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%
$9,517,240
Cap Rate 7%
$6,798,029
Cap Rate 9%
$5,287,356
Alternative Uses
Best Use
Office B
$6.80M
$5.95M – $7.93M
NOI $475,862 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.70M
$8.49M – $11.32M
NOI $678,957 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
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
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 - Excellent investment opportunity in a prime South Huntsville location.
Where is this office building located?
The property is located at 4092 Memorial Pkwy SW Huntsville, AL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Prime South Huntsville location with direct access to Redstone Arsenal Gate 1 and Martin Road.; Excellent investment opportunity with an **8% Cap Rate**.; Situated on 2.73 +/- acres.
