Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Huntsville Land For Sale Title is generated by Realmo AI

    58 lot Mcvay Street SW, Huntsville, AL 35805

    View on Map
    Claim this Listing
    For Sale
    $90,000

    LAND - Huntsville, AL

    Lot size:
    0.58 Acres
    Added:
    May 27, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 8 at 2:06 am

    Property Features for 58 lot Mcvay Street SW

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1702103004041000
    Lot size
    0.58 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Kathy Passon

    Listing agent Kathy Passon License #114115

    Listing office Matt Curtis Real Estate, Inc. 100 Providence Main NW, St. B, Madison, AL

    Listing date May 27, 2026

    MLS# 21907325 Listing URL

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Zoned R2B: Suitable for single‑family or multi‑family dwellings.
    • Prime Location: Fast‑growing area with convenient access to Redstone Arsenal, Research Park, Huntsville Hospital, Stovehouse, Lowe Mill & more.
    • Level Lot: Simplifies construction and landscaping.
    • Development Potential: Part of a larger offering with 4 total lots for sale, and 5 adjoining lots available.
    • Public Utilities: Access to public water and sewer services.
    • Drake Ave Access: Two of the adjoining lots face Drake Ave.

    Overview

    This 0.58-acre lot is zoned R2B, allowing for the construction of single-family or multi-family dwellings. The property is situated on a level lot in a rapidly developing area, offering convenient access to Redstone Arsenal, Research Park, Huntsville Hospital, Stovehouse, Lowe Mill, and other amenities. There are a total of 4 lots available for sale, with 5 additional adjoining lots, 2 of which face Drake Avenue. Located in Huntsville, Alabama.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6259918
    Latitude
    34.699264

    Nearby Similar for Sale

    • $595,000
      2,925 SF

      Restaurant Bar Redevelopment Site

      Restaurant/bar property with 100 feet of frontage and light industry zoning on South Memorial Parkway S.
      7904 Memorial Parkway S, Huntsville, AL 35802
      View Details
    • $1,600,000
      4,700 SF

      Huntsville Office Building For Sale

      4,700 SF office building in South Huntsville for sale.
      3609 S Memorial Parkway, Huntsville, AL 35801
      View Details
    • $550,000
      2,050 SF

      Residential-to-Office Conversion Opportunity

      Zoned RO2 and near the medical district, this 2,050 SF home offers space well-suited for office conversion.
      315 Longwood Drive, Huntsville, AL 35801
      View Details
    • $750,000
      4,000 SF

      Multi-Suite Retail and Office Building

      Class A multi-suite building offering office and retail-style spaces, with multiple restrooms and flexible layouts.
      2055 Blue Spring Road, Huntsville, AL 35810
      View Details
    • $650,000
      2,172 SF

      Residential Office Conversion Property

      RO2 zoned home near the medical district with kitchen, bathrooms, and multiple rooms ready for office remodeling.
      317 Longwood Drive, Huntsville, AL 35801
      View Details
    • $879,000
      6,776 SF

      Huntsville Commercial/Retail Building For Sale

      Multi-purpose commercial/retail building in a highly visible South Huntsville location.
      11590 Memorial Parkway S, Huntsville, AL 35803
      View Details
    • $320,000

      Huntsville Commercial Property Auction

      Commercial property on 3 acres in fast-growing area.
      2600 Winchester Road, Huntsville, AL 35811
      View Details
    • $675,000
      4,075 SF

      Huntsville Commercial Property For Sale

      Versatile commercial property suitable for retail, office, or investment.
      5978 Pulaski Pike NW, Huntsville, AL 35810
      View Details
    • $449,900
      1,560 SF

      Huntsville Commercial Corner Lot

      Corner lot near Stovehouse, suitable for office or service shop.
      200 8th Street NW, Huntsville, AL 35805
      View Details
    • $649,000
      5,600 SF

      Huntsville Redevelopment Opportunity

      6.10-acre property with redevelopment potential in Huntsville, Alabama.
      2222 Governors Drive, Huntsville, AL 35801
      View Details
    • $1,150,000
      7,800 SF

      Renovated Office Warehouse Space

      Renovated office warehouse in Huntsville with flexible layouts.
      3010 University Drive, Huntsville, AL 35806
      View Details
    • $475,000
      2,124 SF

      Restaurant Redevelopment Property

      Commercial property offered for sale in as-is condition, positioned among major restaurants and retail in Northeast Huntsville.
      108 Cagle Road, Huntsville, AL 35811
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.58 acre lot zoned for single or multi-family dwellings.
    Where is this residential land & home lot located?
    The property is located at 58 lot Mcvay Street SW Huntsville, AL.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: Zoned R2B: Suitable for single‑family or multi‑family dwellings.; Prime Location: Fast‑growing area with convenient access to Redstone Arsenal, Research Park, Huntsville Hospital, Stovehouse, Lowe Mill & more.; Level Lot: Simplifies construction and landscaping.
    (256) 509-9241
    We can help!
    Listing Contact
    Kathy Passon
    Real Estate License ID: 114115
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    .58 lot Mcvay Street SW, Huntsville, AL 35805
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!