Live-Work Property with
For Sale
$359,900
707 Winchester Road, Huntsville, AL 35811
COMMERCIAL - Huntsville, AL
Property Size1,915 SF
Lot Size1.36 Acres
Price / SF$187.94
Days on Market57
Property Features for 707 Winchester Road
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Subdivision
Metes And Bounds
Directions
I565 W To Us-72 E. Turn Left On Moores Mill Rd. Turn Left Onto Winchester Rd Ne. Home Down On Right
Standard status
Active
Size
1,915 SF
Lot size
1.36 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Building Details
Floors in Building
1
Flooring type
Vinyl, Wood
Listing Agency:
Re/Max Alliance · RE/MAX International
(256) 799-2999
Listed By:
Stephanie Schrimsher · License #89392
(256) 655-0698
Added: Jun 18
Changed: Aug 5
Last Checked: Aug 12 at 11:06PM
MLS# 21912770
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,915-square-foot live-work property combines a maintained residence with flexible commercial and future development potential. The layout includes a full basement of approximately 2,000 square feet that is not included in the finished area. Interior features include wood and vinyl flooring, solid wood kitchen cabinetry, and a security system. Public water and septic service support the property.
Located at 707 Winchester Road in Huntsville, the property occupies a corner site in Madison County. The parcel is described as having no zoning restrictions and may support commercial use, live-work occupancy, or future development. The site also offers the option to subdivide and construct behind an existing business, subject to applicable approvals.
Located at 707 Winchester Road in Huntsville, the property occupies a corner site in Madison County. The parcel is described as having no zoning restrictions and may support commercial use, live-work occupancy, or future development. The site also offers the option to subdivide and construct behind an existing business, subject to applicable approvals.
Key Highlights
- 1,915‑square‑foot live‑work property in Huntsville, AL
- Full basement of ~2000 sqft, not included in finished sqft
- No zoning restrictions
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,465
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$489,300
$489.3K
Cap Rate 7%
$349,500
$349.5K
Cap Rate 9%
$271,833
$271.8K
Market Conditions
NOI Build-Up for 1,915 SF
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.
Gross rent
$38.4K $20.04/SF
− Vacancy
−$5.8K −$3.01/SF
EGI
$32.6K $17.03/SF
− OpEx
−$8.2K −$4.26/SF
NOI
$24.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$489,300
Cap Rate 7%
$349,500
Cap Rate 9%
$271,833
Alternative Uses
Best Use
Office B
$349.5K
$305.8K – $407.8K
NOI $24,465 @ 7.0% cap · market cap 6.80%
Second Best
Mixed Use
$330.3K
$289.1K – $385.4K
NOI $23,124 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$498.7K
$436.3K – $581.8K
NOI $34,907 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 35811, AL
30,075
Population
12,314
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
93%
High-School Grad
46.9 sq mi
ZIP Area
641
Density / Sq Mi
$92,361
Median Household Income
$45,038
Median Earnings
$1,048
Median Rent
$249,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Flexible live-work property with a full basement, wood and vinyl flooring, public water, and septic service.
Where is this live-work space located?
The property is located at 707 Winchester Road Huntsville, AL.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 1,915‑square‑foot live‑work property in Huntsville, AL; Full basement of ~2000 sqft, not included in finished sqft; No zoning restrictions
