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    1031 Putman Dr Huntsville, AL 35816

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    1031 Putman Dr Huntsville, AL 35816

    View on Map
    • Warehouses
    • 41,792 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • J Schreier Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • Baker's Learning Kitchen, LLC / Tutoring Service
    • MosquitoNix Mosquito Control and Misting Systems / Garden Center

    Property Details for 1031 Putman Dr

    Property size
    41,792 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    West Jordan Plaza offers exceptional warehouse space in Huntsville, Alabama. This industrial property, totaling 41,792 square feet, boasts a contemporary design and attractive landscaping. Currently, 3,200 square feet are vacant, with three individual spaces ranging from 3,000 to 3,500 square feet available for lease. The building's location in West Huntsville provides convenient access to both Cummings Research Park and the University Drive retail district, offering employees a variety of amenities and services. The property is ideal for businesses seeking high-quality warehouse space in a thriving area, suitable for a range of applications from high-tech and research-oriented companies to those requiring bulk storage and warehousing. The address is 1031 Putman Dr NW, Huntsville, AL 35816, situated within Madison County. This is a multi-tenant property offering flexibility for businesses of various sizes. The modern design and convenient location make this an attractive opportunity for businesses seeking a strategic location in Huntsville's dynamic industrial sector. Contact us today to learn more about leasing opportunities at West Jordan Plaza.

    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
    -86.6391
    Latitude
    34.7388

    Comparable in this City

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    • Value Estimation
      $2,355,000
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      1049 Retail NW Dr

      DISTRIBUTION WAREHOUSE • 44,008 SF
      1049 Retail NW Dr, Huntsville, AL 35816
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      $1,065,000
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      2117 Holmes NW Ave

      DISTRIBUTION WAREHOUSE • 19,988 SF
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    • Value Estimation
      $675,000
      10,000 SF

      1120 Putman NW Dr

      DISTRIBUTION WAREHOUSE • 10,000 SF
      1120 Putman NW Dr, Huntsville, AL 35816-2216
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    • Value Estimation
      $1,530,000
      30,000 SF

      1024 Putman NW Dr

      DISTRIBUTION WAREHOUSE • 30,000 SF
      1024 Putman NW Dr, Huntsville, AL 35816-2212
      View Details
    • Value Estimation
      $2,035,000
      30,000 SF

      4930 University Sq

      DISTRIBUTION WAREHOUSE • 30,000 SF
      4930 University Sq, Huntsville, AL 35816-1828
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Huntsville Flex Space For Sale

      Flex space with office and low bay areas available for sale.
      4820 University Sq, Huntsville, AL 35816
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    • $550,000
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      Huntsville Commercial Redevelopment Opportunity

      Two buildings on two acres, great redevelopment potential.
      1107 Jordan Ln, Huntsville, AL 35816
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      Huntsville Commercial Land with Building

      Commercial land with building suitable for high-traffic businesses.
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      Sparkman Drive Commercial Property

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      Huntsville Retail Investment Opportunity

      9,659 sq ft property ideal for retail ventures.
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      Commercial Property on Sparkman Drive

      Highly visible commercial property in North Huntsville, suitable for various businesses.
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    Similar Nearby for Lease

    • Contact for pricing

      Huntsville Flex Space Available

      Office and low bay space with roll-up doors for rent.
      4820 University Sq, Huntsville, AL 35816
      View Details
    • $12 SF/Yr

      Warehouse with Loading Dock

      Warehouse space featuring a loading dock and ample parking.
      4321 University Dr, Huntsville, AL 35816
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    • Contact for pricing

      Huntsville Office/Warehouse/Flex Space Available

      Office, warehouse, and flex space at a busy intersection.
      2422 Jordan Ln NW, Huntsville, AL 35816
      View Details
    • Contact for pricing
      82,559 SF

      Huntsville Warehouse Space For Lease

      82,559 SF warehouse space available for lease in Huntsville.
      1220 Retail Dr NW, Huntsville, AL 35816
      View Details
    • Contact for pricing

      Huntsville Office/Industrial Space For Lease

      Class A office space with flexible configurations and low-bay space.
      4820 University Sq, Huntsville, AL 35816
      View Details
    • Contact for pricing

      Retail Space at University Drive

      Retail spaces available in Huntsville, Alabama, with high traffic.
      4710 NW University Dr, Huntsville, AL 35816
      View Details
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    Huntsville, AL 35816
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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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