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    8213 Stephanie Dr SW Huntsville, AL 35802

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    For Sale
    Contact for pricing

    Value-add office/flex building with shop, near Redstone Arsenal.

    Property size:
    7,435 SF
    Lot size:
    0.35 Acres

    Property Features for 8213 Stephanie Dr SW

    General Information

    Standard status
    Active
    Zoning
    C1
    Size
    7,435 SF
    Lot size
    0.35 Acres

    Building Details

    Year built
    1981

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    Listing Contact
    Donna Lamb
    Donna Lamb
    Source: Crexi

    Listing Agency: Keller Williams Realty Huntsville Listing Agent: Donna Lamb

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Huntsville Office/Flex Building For Sale

    Located off South Memorial Parkway and Lilly Flagg in Huntsville, Alabama, the property at 8213 Stephanie Drive offers convenient access to Interstate 565 and proximity to the Martin Road Gate at Redstone Arsenal, which is four miles away. Constructed in 1981, this building provides a functional exterior with three separate entrances. The heated and air-conditioned main building features numerous offices in the front and an open workspace with an overhead door in the rear. The building, serviced by three HVAC units, can accommodate four separate divisions and includes a mix of office and conference room space, several restrooms (one handicap accessible), a kitchenette, and at least one handicapped-accessible reception area. Additionally, there is a separate shop building in the rear, approximately 1200 square feet, suitable for storage or vehicle parking, or demolition for additional parking. Zoned C1, the building is suitable for print shops, office and inside storage for contractors, or multi-tenant refitting. The property size is approximately 7435 square feet. All measurements are approximate.
    Location Intelligence

    Current Use by Public Records

    Taylor Roofing & Restoration Roofing Company All Clean Carpet ... Carpet Cleaning Service

    Suggested Use

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

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

    Similar Places Nearby

    Chupper Time Catering

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.567395
    Latitude
    34.6566959

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    FAQs

    What type of property is this?
    Flex space - Value-add office/flex building with shop, near Redstone Arsenal.
    Where is this flex space located?
    The property is located at 8213 Stephanie Dr SW Huntsville, AL.
    What are key features of this property?
    This property features: - Convenient access to Interstate 565 and proximity to Redstone Arsenal's Martin Road Gate (4 miles).; - Functional office building with three separate entrances, suitable for multiple divisions.; - Versatile space with a mix of offices, open workspace, conference rooms, and restrooms (including handicap accessible).
    Request Owner's contact information
    8213 Stephanie Dr SW Huntsville, AL 35802
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    Huntsville, AL 35802
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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.

    More about this property
    8213 Stephanie Dr SW Huntsville, AL 35802
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    We can help!
    Listing Contact
    Donna Lamb
    Donna Lamb
    Real Estate License ID: AL000026884
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