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    Huntsville Retail Center with Visibility Title is generated by Realmo AI

    200 Oakwood Ave NE, Huntsville, AL 35811

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    Retail center in growing corridor with easy highway access.

    Type:Retail
    Property size:
    4,800 SF
    Added:
    Jan 18, 2022
    Days on Market:
    1596
    Last Refresh:
    May 12 at 8:27 pm

    Property Features for 200 Oakwood Ave NE

    General Information

    Standard status
    Active
    Size
    4,800 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 200 Oakwood Ave NE Contact us

    Retail Space Suites $18/Mo

    Size
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Mark Elrod
    Mark Elrod

    Listing agent Mark Elrod License #AL

    Listing office NAI Chase Commercial RE Services, Inc.

    Listing date Jan 18, 2022

    Source Crexi

    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 NAI Chase Commercial RE Services, Inc.

    HighLights

    • High visibility location in a growing retail corridor.
    • Convenient access to I‑565, Highway 72, and Downtown Huntsville.
    • Suite options available from 1,200 to 4,800 SF.
    • Adjacent to the I‑565 on‑ramp, providing access to Decatur, Madison, and Downtown Huntsville.
    • Recent addition of new tenants including Wave Restaurant & Lounge, Mexibbean Island Grill, and a local art and tattoo studio.
    • Adjacent to Lincoln Mill, a 215,000 SF redevelopment project offering office, restaurants, and retail with approximately 400 parking spaces.

    Overview

    Lincoln Center is an 80,741 square foot retail center situated in a growing retail corridor, offering high visibility and convenient access to I-565, Highway 72, and Downtown Huntsville. Suite options range from 1,200 to 4,800 square feet. The property is located adjacent to the on-ramp to I-565, a 22-mile highway serving Decatur, Madison, and Downtown Huntsville. Recent additions to Lincoln Center's tenant mix include Wave Restaurant & Lounge, Mexibbean Island Grill, and a local art and tattoo studio. Adjacent to Lincoln Center, Lincoln Mill, a former cotton mill dating back to 1924 with 215,000 square feet, is currently undergoing redevelopment and restoration to offer office, restaurant, and retail spaces, along with approximately 400 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roses Discount Store Discount Store Cinco de Mayo Restaurant Envy Entertainment & Restaurant Bar & Pub Improv Entertainment Theater & Performing Art Venue Loan Till Payday ... Loan Service

    Suggested Use

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

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

    Similar Places Nearby

    • Oakwood Village Shopping Center — 200 Oakwood Ave NE, Huntsville, AL 35811

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.580511
    Latitude
    34.7484702

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    FAQs

    What type of property is this?
    Shopping center - Retail center in growing corridor with easy highway access.
    Where is this shopping center located?
    The property is located at 200 Oakwood Ave NE Huntsville, AL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: High visibility location in a growing retail corridor.; Convenient access to I‑565, Highway 72, and Downtown Huntsville.; Suite options available from 1,200 to 4,800 SF.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Elrod
    Mark Elrod
    Real Estate License ID: AL
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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.

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    200 Oakwood Ave NE, Huntsville, AL 35811
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