Huntsville Office/Flex Building For
8213 Stephanie Dr SW, Huntsville, AL 35802
For Sale
Contact for pricing
Value-add office/flex building with shop, near Redstone Arsenal.
Property Size7,435 SF
Price / SF$83.32
Days on Market248
Property Features for 8213 Stephanie Dr SW
General Information
Standard status
Size
Class
Property subtype
Zoning
Lease Type
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
Schrimsher Company, Inc
Listed By:
Cooper Schrimsher
(256) 652-6300
Source:
Crexi
Added: Mar 10
Changed: Aug 17
Last Checked: Aug 14 at 6:06AM
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 Schrimsher Company, Inc
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,995
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,900
$939.9K
Cap Rate 7%
$671,357
$671.4K
Cap Rate 9%
$522,167
$522.2K
Market Conditions
NOI Build-Up for 7,435 SF
Gross rent
$71.4K $9.60/SF
− Vacancy
−$4.2K −$0.57/SF
EGI
$67.1K $9.03/SF
− OpEx
−$20.1K −$2.71/SF
NOI
$47.0K $6.32/SF
Area
Huntsville, AL
Vacancy
5.94%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,900
Cap Rate 7%
$671,357
Cap Rate 9%
$522,167
Alternative Uses
Best Use
Flex RnD
$1.14M
$1.00M – $1.33M
NOI $80,030 @ 7.0% cap · market cap 12.92%
Second Best
Industrial
$671.4K
$587.4K – $783.3K
NOI $46,995 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,525 @ 7.0% cap · market cap 21.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 35802, AL
23,842
Population
12,359
Households
1.9
Avg Household Size
44
Median Age
51%
College-Educated
95%
High-School Grad
16.4 sq mi
ZIP Area
1,454
Density / Sq Mi
$72,195
Median Household Income
$46,938
Median Earnings
$1,051
Median Rent
$319,900
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Huntsville, AL
Properties on Market for Flex space in Huntsville
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Chupper Time Catering — 7914 Memorial Pkwy SW, Huntsville, AL 35802
Frequently Asked Questions
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 is the asking price?
The asking price for this property is $619,500.
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).
