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    2419 Oakwood Ave Huntsville, AL 35810

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    2419 Oakwood Ave Huntsville, AL 35810

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    • Retail properties & Spaces
    • 7,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alabama Auto Shippers / Shipping Company / Freight Service
    • Charles Beason Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • A place 2 dance / Training Center
    • Prestigious Kutz / Barber Shop
    • Dynamic Cash Tax / Tax Preparation

    Property Details for 2419 Oakwood Ave

    Property size
    7,200 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional investment opportunity presents a two-building retail strip center ideally situated at 2419 Oakwood Avenue Unit D in Huntsville, Alabama. The property boasts a substantial 7,200 square feet of versatile retail/office space, perfect for a variety of businesses. The center's design and layout offer excellent visibility and accessibility, ensuring high foot traffic and strong tenant appeal. The property is situated on a convenient lot, providing ample parking for customers and employees. Financial details are attractive, with a Net Net Net (NNN) lease rate of $3.27 per square foot, making this a highly profitable investment prospect. The total square footage of both buildings exceeds 20,000 square feet, offering significant potential for expansion or multi-tenant occupancy. This property is an excellent choice for investors seeking a strong return on investment in a thriving Huntsville market. The location offers easy access to major transportation routes and is surrounded by a dense concentration of residential and commercial properties, ensuring a consistent flow of potential customers. This turnkey operation is ready for immediate occupancy and presents a rare opportunity to acquire a well-established retail center in a prime location. The property's strong tenant base and favorable lease terms make it an exceptionally stable and lucrative investment. Don't miss this chance to own a piece of Huntsville's vibrant commercial landscape.

    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
    -86.6078
    Latitude
    34.7489

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      2506 Oakwood NW Ave

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      2908 Pike NW Ave

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      2,285 SF

      2203 Mastin Lk NW Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,285 SF
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      10116 Memorial NW Pkwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,800 SF
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      8,400 SF

      5024 Meridian N St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,400 SF
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    Similar Nearby for Sale

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      Huntsville Commercial Property For Sale

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    Similar Nearby for Lease

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      High-Visibility Retail Space Available

      Retail and service center with suites from 514-5,165 SF.
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      Retail space for lease in North Huntsville with high visibility.
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      Retail Space on Oakwood Avenue

      Retail space available for rent on Oakwood Avenue.
      2501 Oakwood Ave, Huntsville, AL 35810
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    • $1,500 /Mo
      11,700 SF

      Huntsville Office/Retail Plaza For Rent

      Multi-tenant plaza with leasable space, strong visibility, and on-site parking.
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      Neighborhood Center Anchored by Dollar General

      Neighborhood center anchored by Dollar General Market and Vital Smiles.
      3700 Blue Spring Rd NW, Huntsville, AL 35810
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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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    2419 Oakwood Ave, Huntsville, AL, 35810

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