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    513 Sparkman Dr Huntsville, AL 35816

    For Lease
    $15 SF/Yr

    17,164 SF Office, Ample Parking

    Lot size:
    17,164 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional single-tenant office building, located at 516 Sparkman Drive, offers 17,164 square feet of versatile space in a highly desirable location. Constructed in 1987, this one-story, Class B building sits on a 2.2-acre lot and boasts ample parking. The property is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space. Its convenient location borders the former Executive Plaza Office Park, now part of the University of Alabama in Huntsville's (UAH) master plan expansion, ensuring high visibility and potential for synergy with the university. The building features a traditional design and is zoned for Research Park and designated as an Opportunity Zone, offering potential tax advantages. The absence of elevators is noted. This property is ideal for a company seeking a substantial, standalone office space with excellent accessibility and prominent positioning within a growing research and development hub. The asking price is $15.75 per square foot. The property's single-story design and ample parking provide convenient access and functionality. The zoning designation and proximity to UAH present significant long-term growth potential.

    Property Features for 513 Sparkman Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,164 SF
    Class
    B
    Total Rate
    22527.75

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    17,164 SF
    Rate per SF
    $15

    HighLights

    • 17,164 SF single‑tenant office building in Madison County.
    • Fully vacant, 17,164 SF available.
    • Located on a 2.2‑acre lot.
    • Class B building, constructed in 1987.
    • One‑story building with ample parking.
    • No elevators.
    Property Profile Location Intelligence

    Current Use by Public Records

    Avast Realty Real Estate Agency US Defense Investigative ... Military Base Avast Realty: George ... Real Estate Agent

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6448135
    Latitude
    34.7308903

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    FAQs

    What type of property is this?
    Office Property / Space - 17,164 SF Office, Ample Parking
    Where is this office property / space located?
    The property is located at 513 Sparkman Dr Huntsville, AL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 17,164 SF single-tenant office building in Madison County.; Fully vacant, 17,164 SF available.; Located on a 2.2-acre lot.
    Request Owner's contact information
    513 Sparkman Dr Huntsville, AL 35816
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    Realmo Value Estimation

    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.

    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.

    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
    513 Sparkman Dr Huntsville, AL 35816
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