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    Huntsville Office Building with Lab Title is generated by Realmo AI

    635 Discovery Dr NW, Huntsville, AL

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    Professional office building with lab space in Cummings Research Park.

    Type:OFFICE
    Property size:
    35,000 SF
    Lot size:
    5.34 Acres
    Price / SF:
    $142/SF
    Added:
    May 21, 2025
    Days on Market:
    389
    Last Refresh:
    May 20 at 9:13 pm

    Property Features for 635 Discovery Dr NW

    General Information

    Standard status
    Active
    Size
    35,000 SF
    Lot size
    5.34 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 635 Discovery Dr NW Contact us

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    Listing Contact
    Gripp Luther
    Gripp Luther

    Listing agent Gripp Luther

    Listing office Samples Properties

    Listing date May 21, 2025

    Source Moodyscre

    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

    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.
    • Offers 95 offices plus executive offices with balconies.
    • Includes a loading dock for convenient shipping and receiving.
    • Scenic view of Lake 1 and a courtyard.

    Overview

    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.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $637,980 @ 7.0% cap · market cap 12.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Huntsville SOF Network Association / Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6751
    Latitude
    34.7329

    FAQs

    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.**
    (256) 533-0003 Call to check price and availability
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