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    34.674146 -86.492250 Huntsville, AL 35741
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    34.674146 -86.492250 Huntsville, AL 35741

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    • Land
    • 1.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 34.674146 -86.492250

    Lot size
    1.20 lot acres
    Property type
    Land

    Description

    This exceptional 3.8-acre commercial land parcel presents a unique development opportunity in Huntsville, Alabama's desirable Hampton Cove community. Strategically situated at the signalized intersection of Highway 431 and Miller Lane, this property boasts unparalleled visibility and accessibility. Its location directly across from the Hampton Inn and near major retailers such as Publix, Walmart, Lowe's, and Food City ensures high traffic volume and strong consumer presence. The site's proximity to Hampton Cove Elementary, Hampton Cove Middle School, and Big Cove Christian Academy, along with its short drive to Downtown Huntsville, the Jones Valley neighborhood, and Huntsville Hospital's medical district, adds to its appeal. This land is nestled within a thriving residential area encompassing over 2,800 acres of homes, lakes, nature trails, community spaces, and retail establishments, providing a robust and established market. Currently zoned County, there's potential for annexation into the City of Huntsville, granting access to city sewer services. This rare offering combines prime location, high visibility, and strong surrounding demographics, making it ideal for a variety of commercial developments. The lot size is suitable for a range of projects, capitalizing on the high traffic counts and affluent residential community. This is a truly exceptional opportunity to establish a successful business in a highly sought-after area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.4922
    Latitude
    34.6741

    Comparable in this City

    • Value Estimation by Request
      9.07 Acres

      Highway 431

      Land • 9.07 Acres
      0 Highway 431, Brownsboro, AL 35741
      View Details
    • Value Estimation by Request
      5.50 Acres

      Madison Al

      Land • 1 SF
      0 Madison Al, Huntsville, AL 35741
      View Details
    • Value Estimation by Request
      4,000 SF

      Dug Hl NE Rd

      COMMERCIAL (GENERAL) • 4,000 SF
      Dug Hl NE Rd, Brownsboro, AL 35741
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    • Value Estimation by Request
      2.22 Acres

      Cv Cmns Dr

      VACANT COMMERCIAL LAND • 2.22 Acres
      Cv Cmns Dr, Brownsboro, AL 35741
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    • Value Estimation by Request
      0.10 Acres

      Lawler Rd

      VACANT COMMERCIAL LAND • 0.10 Acres
      Lawler Rd, Brownsboro, AL 35741
      View Details
    • Value Estimation by Request
      0.76 Acres

      Hwy 431st S

      INDUSTRIAL - VACANT LAND • 0.76 Acres
      Hwy 431st S, Brownsboro, AL 35741
      View Details

    Similar Nearby for Sale

    • $699,000

      Land For Sale

      Land available for sale.
      930 Dug Hill Rd, Brownsboro, AL 35741
      View Details
    • Contact for pricing

      Highway 431 Development Sites

      Three development sites available in a prime location.
      Highway 431 S, Brownsboro, AL 35741
      View Details
    • $69,900
      0.50 Acres

      Land For Sale, Brownsboro, AL

      0.5 acre commercial land available in Brownsboro, Alabama.
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    • $59,900
      0.43 Acres

      Corner Lot in Brownsboro, AL

      Residential land in established neighborhood near downtown Brownsboro.
      4620 Legacy Preserve Way, Brownsboro, AL 35741
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    • $4,800,000

      Highway Frontage Commercial Land Available

      Commercial land with high traffic and utilities available in Brownsboro.
      5703 Highway 431 S, Brownsboro, AL 35741
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    • $86,500
      0.96 Acres

      Residential Land in Legacy Preserve

      Residential land in a nature preserve with scenic views.
      4621 Legacy Preserve Way SE, Brownsboro, AL 35741
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    Similar Nearby for Lease

    • $18 SF/Yr
      1,530 SF

      Versatile Retail and Office Spaces

      Customizable retail and office spaces available for lease.
      5732 Highway 431 S, Brownsboro, AL 35741
      View Details
    • Contact for pricing

      Hampton Cove Retail/Office Space

      Retail and office spaces available in developing Hampton Cove.
      5732 Us-431, Brownsboro, AL 35741
      View Details
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    Huntsville, AL 35741
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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
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