Visible Site in Cummings
For Sale
Contact for pricing
6700 & 6703 Odyssey Drive NW, Huntsville, AL 35806
Attractive site in Cummings Research Park with interstate access.
Property Size78,053 SF
Days on Market200
Property Features for 6700 & 6703 Odyssey Drive NW
General Information
Standard status
Active
Size
78,053 SF
Class
B
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
78,053 SF
Year Built
1989
Properties For Sale
at 6700 & 6703 Odyssey Drive NW
6700 - Suite 208
Size
7,896 SF
Type
Office Building
Term
Negotiable
Listing Agency:
NAI Chase Commercial | Birmingham
Listed By:
Gregg Hess · License #AL #000108212-0
(256) 655-8483
Source:
Chasecommercial
Added: Apr 8
Changed: Oct 14
Last Checked: Oct 23 at 5:40AM
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 NAI Chase Commercial | Birmingham
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is located in the Cummings Research Park area and offers high visibility. The site benefits from abundant landscaping and abundant glass surrounding the office space. It provides access to Interstate I-565 and University Drive. Additional features include secured classified rooms, a research park location, and broad band access.
Key Highlights
- Highly visible and attractive location in Cummings Research Park.
- Secured Classified Rooms.
- Abundant Landscaping.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$997,166
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,943,320
$19.9M
Cap Rate 7%
$14,245,229
$14.2M
Cap Rate 9%
$11,079,622
$11.1M
Market Conditions
NOI Build-Up for 78,053 SF
Gross rent
$1.56M $20.04/SF
− Vacancy
−$234.6K −$3.01/SF
EGI
$1.33M $17.03/SF
− OpEx
−$332.4K −$4.26/SF
NOI
$997.2K $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%
$19,943,320
Cap Rate 7%
$14,245,229
Cap Rate 9%
$11,079,622
Alternative Uses
Best Use
Office B
$14.25M
$12.46M – $16.62M
NOI $997,166 @ 7.0% cap · market cap 4,163,532.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.32M
$17.78M – $23.71M
NOI $1,422,750 @ 7.0% cap · market cap 5,940,501.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 35806, AL
25,702
Population
14,398
Households
1.8
Avg Household Size
36
Median Age
60%
College-Educated
97%
High-School Grad
25.4 sq mi
ZIP Area
1,012
Density / Sq Mi
$79,338
Median Household Income
$50,458
Median Earnings
$1,287
Median Rent
$318,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Attractive site in Cummings Research Park with interstate access.
Where is this office building located?
The property is located at 6700 & 6703 Odyssey Drive NW Huntsville, AL.
What are key features of this property?
This property features: Highly visible and attractive location in Cummings Research Park.; Secured Classified Rooms.; Abundant Landscaping.
