Prime South Huntsville Investment
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4092 Memorial Pkwy SW, Huntsville, AL 35802
Excellent investment opportunity in a prime South Huntsville location.
Property Size37,248 SF
Lot Size2.73 Acres
Price / SF$147.66
Days on Market1136
Property Features for 4092 Memorial Pkwy SW
General Information
Standard status
Active
Size
37,248 SF
Lot size
2.73 Acres
Property subtype
Office
Building Details
Year Built
1999
Listing Agency:
John Blue Realty LLC
Listed By:
Jonathan Prince · License #000127793-1
Source:
Crexi
Added: Jun 23, 2023
Changed: Jul 6
Last Checked: Aug 1 at 2:31PM
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 John Blue Realty LLC
Investment Insights
Based on property information with market context.
This commercial property, suitable for office use, presents an investment opportunity in South Huntsville. Situated on approximately 2.73 acres, the property benefits from direct access to Redstone Arsenal Gate 1 and Martin Road. Its location on Memorial Parkway provides high visibility. The property features parking and an 8% Cap Rate. The building size is 37,248 square feet.
Key Highlights
- Prime South Huntsville location with direct access to Redstone Arsenal Gate 1 and Martin Road.
- Excellent investment opportunity with an 8% Cap Rate.
- Situated on 2.73 +/- acres.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $746.4k | $20.04 |
| − Vacancy | −$112.0k | −$3.01 |
| EGI | $634.5k | $17.03 |
| − OpEx | −$158.6k | −$4.26 |
| NOI | $475.9k | $12.78 |
37,248 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.80M
$5.95M – $7.93M
NOI $475,862 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.70M
$8.49M – $11.32M
NOI $678,957 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Excellent investment opportunity in a prime South Huntsville location.
Where is this office building located?
The property is located at 4092 Memorial Pkwy SW Huntsville, AL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Prime South Huntsville location with direct access to Redstone Arsenal Gate 1 and Martin Road.; Excellent investment opportunity with an **8% Cap Rate**.; Situated on 2.73 +/- acres.
