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    3322 Memorial Pkwy Huntsville, AL 35801

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    For Lease
    Contact for pricing

    Prime South Huntsville Office Space: Flexible Sizes Available

    Lot size:
    78,300 SF

    Property Features for 3322 Memorial Pkwy

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    78,300 SF
    Class
    C
    Total Rate
    76668.75

    Building Details

    Buildings
    2
    Stories
    3

    Spaces For Lease

    at 3322 Memorial Pkwy, Huntsville, AL 35801 Contact us
    Unit Suite 524

    $12 /Mo

    Size
    940 SF
    Contact us
    Unit Suite 533

    $14 /Mo

    Size
    446 SF
    Contact us
    Unit Suite 628

    $13 /Mo

    Size
    631 SF
    Contact us
    Unit Suite 629I

    $23 /Mo

    Size
    104 SF
    Contact us
    Unit Suite 640

    $12 /Mo

    Size
    490 SF
    Contact us
    Unit Suite 537

    $12 /Mo

    Size
    848 SF
    Contact us
    Unit Suite 645G

    $12 /Mo

    Size
    780 SF
    Contact us
    Unit Suite 505

    $11 /Mo

    Size
    800 SF
    Contact us
    Unit Suite 510

    $15 /Mo

    Size
    590 SF
    Contact us
    Unit Suite 517

    $12 /Mo

    Size
    670 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Terri Dean
    Terri Dean

    Listing Agency: Dean Commercial Real Estate Listing Agent: Terri Dean

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

    Learn more

    Property Insight Report

    Overview

    Century Office Plaza offers a diverse range of office spaces in South Huntsville's vibrant HI-zoned submarket. This two-building complex comprises 78,300 square feet across three stories, providing a total of 134 suites. The property sits on a generous 6.076-acre lot, offering ample parking and outdoor space. The flexible floor plans cater to various business needs, with spaces ranging from a minimum of 90 square feet, ideal for small startups or individual professionals, to a maximum contiguous space of 2,072 square feet, suitable for larger teams or established companies. The building's classification as Class C reflects its competitive pricing and functional design. Multiple tenancy options are available, allowing for customization and scalability to meet specific requirements. The property's diverse suite sizes accommodate a wide spectrum of businesses, from single-person offices to those requiring larger, multi-room configurations. Currently, 13 spaces are available, but availability changes frequently. Contact us for the most up-to-date inventory and to discuss your specific office space needs. The property is categorized as Office, Retail, and offers Executive Office, Creative Office, and Traditional Office subtypes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pinnacle Financial Group ... Financial Advisor MercData (Bike/Boat/Book/etc) Store Ultimate Hair Designs Hair Salon Syntech Computer Repair Computer & Electronic Repair Dental Assistant Training ... Dental Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.584667956908
    Latitude
    34.697548130776

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    FAQs

    What type of property is this?
    Office units - Prime South Huntsville Office Space: Flexible Sizes Available
    Where is this office units located?
    The property is located at 3322 Memorial Pkwy Huntsville, AL.
    What is the lease rate?
    The lease rate is $0.00-$23 SF/Yr.
    What are key features of this property?
    This property features: 78,300 square foot office and retail building in South Huntsville.; Multiple tenancies available, ranging from 90 to 2,072 contiguous square feet.; 134 total suites across two, three-story buildings on a 6.076-acre lot.
    (256) 975-4716 Call to check price and availability
    Request Owner's contact information
    3322 Memorial Pkwy Huntsville, AL 35801
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    Huntsville, AL 35801
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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
    3322 Memorial Pkwy Huntsville, AL 35801
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Terri Dean
    Terri Dean
    Real Estate License ID: 68080
    (256) 975-4716 (256) 270-9466
    Learn more
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