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    5850 University Dr Huntsville, AL 35806

    For Lease
    $26 SF/Yr

    Huntsville retail space, high traffic!

    Lot size:
    4,439 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    University Plaza, a prime retail investment opportunity in Huntsville, Alabama, presents a unique chance to acquire space within a thriving shopping center. This two-building, single-story center boasts a highly desirable location on University Drive/Highway 72, a major retail corridor. The property enjoys exceptional visibility and accessibility, situated directly across from the Midcity District and on the perimeter of Cummings Research Park. Its strategic position offers convenient access to a significant population base, with Redstone Gateway just 3.5 miles away and Redstone Arsenal/Gate 9 only 4.5 miles distant. The center benefits from a substantial daily traffic count of 53,000 vehicles per day, ensuring high exposure for tenants. Currently, there is approximately 4,439 square feet of retail space available for lease. Strong co-tenancy adds to the property's appeal, with established businesses such as HomeGoods, Best Buy, Office Depot, and Pier 88 Seafood Restaurant already in place. Further enhancing the property's value is the presence of approximately 1,000 new multi-family units within a 3-mile radius, providing a robust and growing customer base. This exceptional retail center offers a compelling investment opportunity in a dynamic and rapidly expanding market. The available space presents a rare chance to establish a presence in one of Huntsville's most sought-after retail locations.

    Property Features for 5850 University Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,439 SF

    Building Details

    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Suite D1
    Size
    4,439 SF
    Rate per SF
    $26

    HighLights

    • University Plaza is a retail shopping center with two, one‑story buildings located on University Drive/Hwy 72 in Huntsville, AL.
    • One 4,439 sq. ft. retail space is currently available.
    • Strong co‑tenancy includes HomeGoods, Best Buy, Office Depot, and Pier 88 Seafood Restaurant.
    • High traffic count of 53,000 vehicles per day (VPD).
    • Located near significant residential growth, with approximately 1,000 new multi‑family units within a 3‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Geek Squad Computer Service Primo Water Exchange Bottled Water Supplier Office Depot Print ... Copy Shop University Plaza Shopping Mall HomeGoods Home Goods Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.66463319
    Latitude
    34.7409675

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    FAQs

    What type of property is this?
    Retail property - Huntsville retail space, high traffic!
    Where is this retail property located?
    The property is located at 5850 University Dr Huntsville, AL.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: University Plaza is a retail shopping center with two, one-story buildings located on University Drive/Hwy 72 in Huntsville, AL.; One 4,439 sq. ft. retail space is currently available.; Strong co-tenancy includes HomeGoods, Best Buy, Office Depot, and Pier 88 Seafood Restaurant.
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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
    5850 University Dr Huntsville, AL 35806
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