Live-Work Property with
707 WINCHESTER ROAD NE, Huntsville, AL 35811
For Sale
$357,300
Commercial Sale, HUNTSVILLE, AL
Property Size1,915 SF
Lot Size1.36 Acres
Price / SF$186.58
Days on Market235
Property Features for 707 WINCHESTER ROAD NE
General Information
Property type
Property subtype
Zoning
Basement
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Water source
Building Details
Floors in Building
Flooring type
Listing Agency:
RE/MAX Alliance · RE/MAX International
(256) 799-2999
Listed By:
Stephanie Schrimsher · License #89392
(256) 655-0698
Added: Mar 20
Changed: Nov 4
Last Checked: Nov 9 at 5:06AM
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.
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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 live-work property includes a 1,915-square-foot residence with vinyl and wood flooring, a new roof, and a full basement of approximately 2,000 square feet that is not included in the finished area. Public water serves the property. The layout supports business and residential use on the same property.
Key Highlights
- 1,915‑square‑foot residence
- Full basement of approximately 2,000 square feet, excluded from finished square footage
- New roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,465
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
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
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 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 6.85%
Second Best
Mixed Use
$330.3K
$289.1K – $385.4K
NOI $23,124 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$498.7K
$436.3K – $581.8K
NOI $34,907 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - A residence with public water service and space for both business and living uses.
Where is this live-work space located?
The property is located at 707 WINCHESTER ROAD NE Huntsville, AL.
What is the asking price?
The asking price for this property is $357,300.
What are key features of this property?
This property features: 1,915‑square‑foot residence; Full basement of approximately 2,000 square feet, excluded from finished square footage; New roof
