Huntsville Office Building with
For Sale
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635 Discovery Dr NW, Huntsville, AL
Professional office building with lab space in Cummings Research Park.
Property Size35,000 SF
Lot Size5.34 Acres
Price / SF$142.86
Days on Market436
Property Features for 635 Discovery Dr NW
General Information
Standard status
Active
Size
35,000 SF
Lot size
5.34 Acres
Property subtype
OFFICE
Listing Agency:
Samples Properties
(256) 533-0003
Listed By:
Gripp Luther
Source:
Moodyscre
Added: May 21, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:01AM
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 Samples Properties
Investment Insights
Based on property information with market context.
This professional office building is located in Cummings Research Park West, offering proximity to leading technology and aerospace companies. The property is professionally landscaped and includes a scenic view of Lake 1 and a courtyard. The building features 95 offices plus executive offices with balconies. There are seven conference rooms, including a large conference room that can accommodate 100 people. A 57' x 40' lab is equipped with ventilation, air piping, gas, upgraded electrical, and water. Additional amenities include a loading dock and two break rooms, plus a coffee bar. The building has undergone a lighting upgrade. Nearby, businesses can take advantage of upscale dining, shopping, and entertainment options at Bridge Street Town Centre, MidCity, and Orion Amphitheater.
Key Highlights
- Prime location in Cummings Research Park West, near technology and aerospace companies.
- Includes a 57' x 40' lab with ventilation, air piping, gas, upgraded electrical, and water.
- Features 7 conference rooms, including a large 100‑person conference room.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $701.4k | $20.04 |
| − Vacancy | −$105.2k | −$3.01 |
| EGI | $596.2k | $17.03 |
| − OpEx | −$149.0k | −$4.26 |
| NOI | $447.1k | $12.78 |
35,000 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.39M
$5.59M – $7.45M
NOI $447,143 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.11M
$7.97M – $10.63M
NOI $637,980 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Professional office building with lab space in Cummings Research Park.
Where is this office building located?
The property is located at 635 Discovery Dr NW Huntsville, AL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime location in Cummings Research Park West, near technology and aerospace companies.; Includes a **57' x 40' lab with ventilation, air piping, gas, upgraded electrical, and water.**; Features **7 conference rooms, including a large 100‑person conference room.**
