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    Memorial Pkwy Huntsville, AL 35810

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    Memorial Pkwy Huntsville, AL 35810

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    • Retail properties & Spaces
    • 8,800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Memorial Pkwy

    Year built
    2024
    Property size
    8,800 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional retail opportunity is located in a brand-new, 2024-built center anchored by Food City, situated at the highly visible intersection of Memorial Parkway NW and Bob Wade Lane & Hwy 431 in Huntsville, Alabama (zip code 35810). The property boasts a total of 8,800 square feet, with a minimum divisible space of 1,600 square feet and the potential to lease the entire 8,800 square feet contiguously. The single-story building offers excellent visibility and accessibility, benefiting from a signalized intersection and the significant traffic generated by the national Food City anchor tenant. This location is ideal for businesses seeking to capitalize on the growth of the surrounding area. The property is zoned C4 by the City of Huntsville and offers a variety of potential uses within the retail and restaurant sectors. No elevators are present in this single-story building. This is a multi-tenant property, providing opportunities for synergy and shared customer traffic. The space is perfect for businesses looking to establish a presence in a thriving Huntsville community. Contact us today to learn more about this prime retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5728
    Latitude
    34.8273

    Comparable in this City

    • Value Estimation by Request

      2501 Oakwood Ave

      Restaurants
      2501 Oakwood Ave, Huntsville, AL 35810
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    • Value Estimation by Request
      2,285 SF

      2203 Mastin Lk NW Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,285 SF
      2203 Mastin Lk NW Rd, Huntsville, AL 35810-2803
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    • Value Estimation by Request
      5,393 SF

      2506 Oakwood NW Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,393 SF
      2506 Oakwood NW Ave, Huntsville, AL 35810-4411
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    • Value Estimation by Request
      3,150 SF

      2908 Pike NW Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,150 SF
      2908 Pike NW Ave, Huntsville, AL 35810-3845
      View Details
    • Value Estimation
      $630,000
      4,800 SF

      10116 Memorial NW Pkwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,800 SF
      10116 Memorial NW Pkwy, Huntsville, AL 35810-1221
      View Details
    • Value Estimation
      $820,000
      8,400 SF

      5024 Meridian N St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,400 SF
      5024 Meridian N St, Huntsville, AL 35810-1008
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      10116 N Memorial Pkwy, Huntsville, AL 35810

      Commercial land
      10116 N Memorial Pkwy, Huntsville, AL 35810
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      3,210 SF

      Adaptable Industrial-Retail Space For Sale

      Versatile property with retail storefront and warehouse space in Huntsville.
      3724 Blue Spring Rd NW, Huntsville, AL 35810
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    • $675,000
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      Huntsville Commercial Property For Sale

      Versatile commercial property suitable for retail, office, or investment.
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      Land For Sale Huntsville

      Land available in Huntsville, Alabama.
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    • $400,000
      1.52 Acres

      Huntsville Commercial Land For Sale

      1.52 acre commercial land in North Huntsville.
      Memorial Pkwy N, Huntsville, AL 35810
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    Similar Nearby for Lease

    • Contact for pricing

      High-Visibility Retail Space Available

      Retail and service center with suites from 514-5,165 SF.
      3000 N Memorial Pkwy, Huntsville, AL 35810
      View Details
    • Contact for pricing

      Huntsville Retail Space Available

      Retail space available, 4,800 SqFt in Huntsville, Alabama.
      3423 Pulaski Pike NW, Huntsville, AL 35810
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    • Contact for pricing

      Retail Space on Memorial Parkway

      Retail space for lease in North Huntsville with high visibility.
      2417 Memorial Pkwy NW, Huntsville, AL 35810
      View Details
    • $1,325 /Mo

      Retail Space on Oakwood Avenue

      Retail space available for rent on Oakwood Avenue.
      2501 Oakwood Ave, Huntsville, AL 35810
      View Details
    • Contact for pricing

      Neighborhood Center Anchored by Dollar General

      Neighborhood center anchored by Dollar General Market and Vital Smiles.
      3700 Blue Spring Rd NW, Huntsville, AL 35810
      View Details
    • $1,500 /Mo
      11,700 SF

      Huntsville Office/Retail Plaza For Rent

      Multi-tenant plaza with leasable space, strong visibility, and on-site parking.
      4206 NW Oakwood Ave, Huntsville, AL 35810
      View Details
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    Huntsville, AL 35810
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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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