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    Huntsville Office and Lab Portfolio Title is generated by Realmo AI

    675 Discovery Drive Northwest, Huntsville, AL 35806

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    98% leased office, lab, and high bay portfolio for sale.

    Type:Office
    Property size:
    165,797 SF
    Added:
    May 15, 2026
    Days on Market:
    20
    Last Refresh:
    May 16 at 8:51 pm

    Property Features for 675 Discovery Drive Northwest

    General Information

    Standard status
    Active
    Size
    165,797 SF
    Property subtype
    Office

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Morgan Hillenmeyer

    Listing agent Morgan Hillenmeyer License #301337

    Listing office CBRE - Nashville

    Listing date May 15, 2026

    Source Crexi

    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 CBRE - Nashville

    HighLights

    • 98% leased office, specialty lab, and high bay portfolio providing immediate stabilized income.
    • Located in Cummings Research Park West, the 2nd largest research park in the US.
    • Strong tenant base of top‑tier engineering, defense, and technology companies.
    • Excellent historical occupancy averaging 92%+ over the last 10 years.
    • Location in a market with a superior, well‑educated employment base and the highest number of PhDs per capita in the country.
    • Opportunity to purchase at an attractive basis in a market poised for rent growth with a recession‑proof, growing, and diversifying economy.

    Overview

    Discovery Center II & III is a 98% leased, two-building portfolio featuring office, specialty lab, and high bay spaces, totaling 165,797 square feet. The buildings are each three stories. Located in Cummings Research Park West, the second-largest research park in the US, the property is home to engineering, defense, and technology companies, including Technology Services Corporation, Trideum Corporation, Sentar, and Pond & Company. The Discovery Center Portfolio has maintained an average occupancy of 92%+ over the last 10 years. The location, campus setting, space configuration, and quality of the office, specialty lab, and high bay space have contributed to attracting and retaining strong tenancy. The property is situated in a market with a well-educated employment base, with a high number of PhDs per capita. This asset offers the opportunity to purchase a stabilized portfolio in a market poised for rent growth with a growing and diversifying economy.
    Location Intelligence

    Current Use by Public Records

    Siemens Plm Software, ... (Bike/Boat/Book/etc) Store INTERFUZE Corporation Corporate Office Future Research Corporation Corporate Office 4M Research Business Service Center Premier Title Law Firm

    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
    -86.675447
    Latitude
    34.7346221

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    FAQs

    What type of property is this?
    Office building - 98% leased office, lab, and high bay portfolio for sale.
    Where is this office building located?
    The property is located at 675 Discovery Drive Northwest Huntsville, AL.
    What are key features of this property?
    This property features: 98% leased office, specialty lab, and high bay portfolio providing immediate stabilized income.; Located in Cummings Research Park West, the 2nd largest research park in the US.; Strong tenant base of top‑tier engineering, defense, and technology companies.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Morgan Hillenmeyer
    Real Estate License ID: 301337
    Learn More
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    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.

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