Office Building with Four-Bay
For Sale
$450,000
4839 Sparkman Drive NW, Huntsville, AL 35810
A four-bay garage adds space for storage or a small work fleet alongside the office areas.
Property Size1,670 SF
Price / SF$269.46
Days on Market13
Property Features for 4839 Sparkman Drive NW
General Information
Standard status
Active
Size
1,670 SF
Total Parking Spaces
4
Property subtype
COMMERCIAL
Additional Details
Currently Operating
Yes
Property Use
Office
Building Details
Building Size
1,670 SF
Year Built
1989
Buildings
1
Abandoned
No
Listing Agency:
Crye-Leike Realtors - Madison
Listed By:
Robin Cotton · License #88632
(256) 520-1932
Source:
Intownpartners
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 27 at 4:40AM
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 Crye-Leike Realtors - Madison
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Investment Insights
Based on property information with market context.
At 4839 Sparkman Drive NW in Huntsville, this office property was built in 1989 and has a four-bay garage. The interior includes a lobby, open office area, two private offices, a conference room, a kitchen and break room, and two bathrooms. The garage can accommodate storage or a small work fleet.
The property occupies a corner lot in a high-traffic area. The stated lease structure is NNN.
The property occupies a corner lot in a high-traffic area. The stated lease structure is NNN.
Key Highlights
- Four‑bay garage for storage or a small work fleet
- Lobby and open office area with two private offices and a conference room
- Kitchen and break room, plus two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,335
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,700
$426.7K
Cap Rate 7%
$304,786
$304.8K
Cap Rate 9%
$237,056
$237.1K
Market Conditions
NOI Build-Up for 1,670 SF
Gross rent
$33.5K $20.04/SF
− Vacancy
−$5.0K −$3.01/SF
EGI
$28.4K $17.03/SF
− OpEx
−$7.1K −$4.26/SF
NOI
$21.3K $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%
$426,700
Cap Rate 7%
$304,786
Cap Rate 9%
$237,056
Alternative Uses
Best Use
Office B
$304.8K
$266.7K – $355.6K
NOI $21,335 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.9K
$380.5K – $507.4K
NOI $30,441 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 35810, AL
29,976
Population
13,283
Households
2.3
Avg Household Size
38
Median Age
24%
College-Educated
85%
High-School Grad
28.1 sq mi
ZIP Area
1,067
Density / Sq Mi
$46,963
Median Household Income
$31,080
Median Earnings
$1,097
Median Rent
$126,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A four-bay garage adds space for storage or a small work fleet alongside the office areas.
Where is this office building located?
The property is located at 4839 Sparkman Drive NW 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: Four‑bay garage for storage or a small work fleet; Lobby and open office area with two private offices and a conference room; Kitchen and break room, plus two bathrooms
