Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6140A University Dr Nw Huntsville, AL 35806

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space for lease in high-traffic shopping center.

    Type:Retail
    Property size:
    41,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    148
    Last Refresh:
    Apr 5 at 10:48 pm

    Property Features for 6140A University Dr Nw

    General Information

    Standard status
    Active
    Size
    41,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1995

    Spaces For Lease

    at 6140A University Dr Nw Contact us

    We can help!

    Listing Contact
    Mark Elrod

    Listing agent Mark Elrod

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Mark Elrod

    Overview

    Retail Space in Enterprise Plaza

    Retail space is available for lease within the Enterprise Plaza shopping center. The property is situated in a highly visible area with significant daily traffic on University Drive, which sees 52,204 vehicles per day. The shopping center is located in close proximity to MidCity, a 140-acre mixed-use development, and the Bridgestreet Town Center Shopping center. Available spaces range from 3,200 to 7,200 square feet. Major area retailers include Walmart, Petco, Wendy's, and McDonald's. The Walmart in the plaza has been newly renovated. The property is suitable for businesses seeking maximum exposure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walmart Garden Center Garden Center Walmart Tech Services Tech Support Center Walmart Home Theater ... Electrical Service Western Union Bank Walmart Home Services Social Service Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mid-city Camp — 5903 University Dr NW, Huntsville, AL 35806
    • Westside Centre — 6275 University Dr NW, Huntsville, AL 35806
    • Madison Square Mall — 5901 University Dr NW, Huntsville, AL 35806
    • Mechanical bull Rentals Huntsville | Rock Wall Rentals — university at old, monrovia, huntsville, al 35806
    • MidCity District — 5909 University Dr, Huntsville, AL 35806

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6759
    Latitude
    34.7471

    Nearby Similar for Lease

    • Contact for pricing

      Huntsville Commercial Space with Shop

      Office and shop space available for lease in Huntsville.
      2908 Meridian Street, Huntsville, AL 35810
      View Details
    • Contact for pricing

      Downtown Huntsville Flexible Office Space

      Flexible office space in downtown Huntsville, from 150 to 7,000 SF.
      800 Clinton Avenue E, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Huntsville Commercial Space For Rent

      Medical/Retail/Office space with excellent visibility and central location.
      4550 University Drive, Huntsville, AL 35816
      View Details
    • Contact for pricing

      Huntsville Office Space For Lease

      Two-story office building with available suites for lease.
      1775 Jeff Road unit: B, Huntsville, AL 35806
      View Details
    • Contact for pricing

      Huntsville Office Space For Lease

      Two-story office building with available suites and detached garage.
      1775 Jeff Road unit: A, Huntsville, AL 35806
      View Details
    • Contact for pricing

      Huntsville Office Space For Rent

      Office space for rent with utilities and internet included.
      3113 Ivy Avenue, Huntsville, AL 35805
      View Details
    • $1.00/mo

      Huntsville Retail or Office Space

      High-visibility commercial building suitable for retail or office use.
      6485 University Drive NW, Huntsville, AL 35806
      View Details
    • Contact for pricing

      Huntsville Commercial Space For Rent

      Ground-floor commercial space suitable for office or service-based business.
      2311 Market Place unit: C, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Huntsville Commercial Space Available Now

      High-visibility commercial space with open layout, kitchen, and parking.
      1920 Sparkman Drive unit: 5, Huntsville, AL 35816
      View Details
    • Contact for pricing

      Huntsville Office/Retail Plaza For Rent

      Multi-tenant plaza with leasable space, strong visibility, and on-site parking.
      4206 NW Oakwood Avenue unit: 102, Huntsville, AL 35810
      View Details
    • Contact for pricing

      Historic Building in Downtown Huntsville

      Historic building with lounge, restaurant, and office spaces for rent.
      205 E Side Square, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Huntsville Office/Retail Space Available

      1,112 SF office/retail space near Huntsville Hospital.
      2107 Whitesburg Drive unit: A, Huntsville, AL 35801
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space for lease in high-traffic shopping center.
    Where is this shopping center located?
    The property is located at 6140A University Dr Nw Huntsville, AL.
    What are key features of this property?
    This property features: Prime retail space in the bustling Enterprise Plaza shopping center.; High visibility location with significant daily traffic on University Drive (52,204 VPD).; Located in close proximity to MidCity (140‑acre mixed‑use development) and Bridgestreet Town Center Shopping center.
    (256) 258-9070
    We can help!
    Listing Contact
    Mark Elrod
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!