Four-Building Office
For Sale
$5,500,000
415 Church St NW, Huntsville, AL 35801
Flexible configuration supports either multi-tenant or single-user occupancy.
Property Size21,042 SF
Price / SF$261.38
Days on Market110
Property Features for 415 Church St NW
General Information
Standard status
Active
Size
21,042 SF
Class
A
Property subtype
Office
Financials
Asking Price
$5,500,000
Opportunity Zone
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
21,042 SF
Year Built
2004
Buildings
4
Listing Agency:
NAI Chase Commercial RE Services, Inc. - Birmingham
(703) 405-9880
Listed By:
Erik Amason · License #0001211380
(703) 405-9880
Source:
Chasecommercial
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 1:12PM
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 NAI Chase Commercial RE Services, Inc. - Birmingham
Investment Insights
Based on property information with market context.
Located at 415 Church St NW in downtown Huntsville, this office asset comprises four buildings totaling approximately 21,042 SF. Constructed in 2004, the property offers a multi-building format with flexibility for either multi-tenant occupancy or a single-user arrangement. An Opportunity Zone designation and on-site parking ratio add practical considerations for ownership and operations.
The property is positioned within Huntsville’s downtown area, with access to I-565 and Hwy 431. Dining, retail, and other amenities are described as walkable, while major employers, government facilities, and entertainment venues are nearby. The setting places the office property within an established urban environment served by downtown conveniences and regional transportation connections.
The property is positioned within Huntsville’s downtown area, with access to I-565 and Hwy 431. Dining, retail, and other amenities are described as walkable, while major employers, government facilities, and entertainment venues are nearby. The setting places the office property within an established urban environment served by downtown conveniences and regional transportation connections.
Key Highlights
- Four‑building office property totaling approximately 21,042 SF
- Constructed in 2004
- Flexible layout supports multi‑tenant or single‑user occupancy
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
$268,822
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
4.89%
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%
$5,376,440
$5.4M
Cap Rate 7%
$3,840,314
$3.8M
Cap Rate 9%
$2,986,911
$3.0M
Market Conditions
NOI Build-Up for 21,042 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
$421.7K $20.04/SF
− Vacancy
−$63.3K −$3.01/SF
EGI
$358.4K $17.03/SF
− OpEx
−$89.6K −$4.26/SF
NOI
$268.8K $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 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%
$5,376,440
Cap Rate 7%
$3,840,314
Cap Rate 9%
$2,986,911
Alternative Uses
Best Use
Office B
$3.84M
$3.36M – $4.48M
NOI $268,822 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.48M
$4.79M – $6.39M
NOI $383,554 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,204
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible configuration supports either multi-tenant or single-user occupancy.
Where is this office building located?
The property is located at 415 Church St NW 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: Four‑building office property totaling approximately 21,042 SF; Constructed in 2004; Flexible layout supports multi‑tenant or single‑user occupancy
