Flex Building with Office
For Sale
$4,400,000
890 Blake Bottom Road, Huntsville, AL 35806
Business Opportunity, Huntsville, AL
Property Size13,875 SF
Lot Size4.60 Acres
Price / SF$317.12
Days on Market70
Property Features for 890 Blake Bottom Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial, Industrial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Gated, Parking Lot
Directions
Al-255 North, Right On Blake Bottom Seller Will Consider Leasing Building.
Standard status
Active
APN
1404180001018.000
Size
13,875 SF
Lot size
4.60 Acres
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Ainsworth Real Estate, LLC
(256) 640-7017
Listed By:
Amy Campbell · License #144413
(256) 679-0189
Added: Jun 24
Changed: Aug 28
Last Checked: Sep 1 at 10:06PM
MLS# 21918758
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Investment Insights
Based on property information with market context.
This flex property includes a 13,875 SF industrial building on 4.6+/- acres. Approximately 1,875 SF of unfinished office area is available for a customized build-out, while the existing improvements include concrete flooring, electric heat, a metal roof, and two bathrooms. Gated parking and a parking lot support controlled site access and on-site vehicle storage.
The property is located at 890 Blake Bottom Road in Huntsville, with access to major transportation routes, Redstone Arsenal, and the broader Huntsville market. County zoning provides the stated land-use framework, while public water and a septic tank serve the property. The combination of industrial space, unfinished office area, and substantial acreage accommodates a variety of uses identified for the property.
The property is located at 890 Blake Bottom Road in Huntsville, with access to major transportation routes, Redstone Arsenal, and the broader Huntsville market. County zoning provides the stated land-use framework, while public water and a septic tank serve the property. The combination of industrial space, unfinished office area, and substantial acreage accommodates a variety of uses identified for the property.
Key Highlights
- 13,875 SF industrial building on 4.6+/- acres
- Approximately 1,875 SF of unfinished office space for custom build‑out
- County zoning with flexibility for a variety of uses
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
$149,351
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
3.39%
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%
$2,987,020
$3.0M
Cap Rate 7%
$2,133,586
$2.1M
Cap Rate 9%
$1,659,456
$1.7M
Market Conditions
NOI Build-Up for 13,875 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
$249.8K $18.00/SF
− Vacancy
−$20.0K −$1.44/SF
EGI
$229.8K $16.56/SF
− OpEx
−$80.4K −$5.80/SF
NOI
$149.4K $10.76/SF
Area
Huntsville, AL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,987,020
Cap Rate 7%
$2,133,586
Cap Rate 9%
$1,659,456
Alternative Uses
Best Use
Flex RnD
$2.13M
$1.87M – $2.49M
NOI $149,351 @ 7.0% cap · market cap 3.39%
Second Best
Warehouse
$1.43M
$1.25M – $1.66M
NOI $99,839 @ 7.0% cap · market cap 2.27%
Theoretical Best
Office A
$3.61M
$3.16M – $4.22M
NOI $252,914 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35806, AL
25,702
Population
14,398
Households
1.8
Avg Household Size
36
Median Age
60%
College-Educated
97%
High-School Grad
25.4 sq mi
ZIP Area
1,012
Density / Sq Mi
$79,338
Median Household Income
$50,458
Median Earnings
$1,287
Median Rent
$318,800
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - County zoning, gated parking, and public water support flexible commercial operations.
Where is this flex space located?
The property is located at 890 Blake Bottom Road Huntsville, AL.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 13,875 SF industrial building on 4.6+/- acres; Approximately 1,875 SF of unfinished office space for custom build‑out; County zoning with flexibility for a variety of uses
