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    2200 Sparkman Dr Huntsville, AL 35810

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    2200 Sparkman Dr Huntsville, AL 35810

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    • Neighborhood centers
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    Huntsville Commons Retail Space For Lease
    Contact for pricing

    Huntsville Commons Retail Space

    Prime Retail Space near Walmart

    2200 Sparkman Dr, Huntsville, AL 35810
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Direct Auto Insurance / Insurance Agency
    • Walmart Garden Center / Garden Center
    • LAID Beauty Bar x LAID Hair Care / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Walmart Vision & Glasses / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Simpson Steven W OD / Physician

    Property Details for 2200 Sparkman Dr

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 1,440 square-foot retail space is located in Huntsville Commons, a thriving strip center in Madison County. Benefit from a high-traffic location directly adjacent to a Walmart Supercenter, ensuring significant foot traffic and visibility. The property offers a single-tenant occupancy, providing flexibility and control for your business. Enjoy fantastic co-tenancy with a diverse mix of established national and local retailers, including CATO, It's Fashions, Dollar Tree, City Gear, GameStop, Rent-A-Center, and Sally Beauty. This presents a unique opportunity to establish your business within a vibrant and successful retail environment. The inline space is ready for immediate occupancy, providing a turnkey solution for your retail needs. The property's strategic location and strong co-tenancy create a compelling investment opportunity with high potential for return. Seize this chance to become part of a thriving retail community and capitalize on the significant advantages of this prime location. Contact us today to schedule a showing and explore the possibilities. This property is a single-tenant retail space in a strip center.

    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
    -86.5925
    Latitude
    34.765

    Comparable in this City

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    • Value Estimation
      $2,065,000
      43,018 SF

      2250 Sparkman NW Dr

      SHOPPING CENTER, STRIP CENTER • 43,018 SF
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    • Value Estimation
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    • Value Estimation by Request
      11,650 SF

      11041 Hwy 662nd N

      SHOPPING CENTER, STRIP CENTER • 11,650 SF
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    • Value Estimation by Request
      2,970 SF

      2590 Sparkman NW Dr

      SHOPPING CENTER, STRIP CENTER • 2,970 SF
      2590 Sparkman NW Dr, Huntsville, AL 35810-3809
      View Details
    • Value Estimation
      $1,400,000
      36,344 SF

      3505 Pulaski NW Pike

      SHOPPING CENTER, STRIP CENTER • 36,344 SF
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      View Details

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    Similar Nearby for Lease

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      1,440 SF

      Huntsville Commons Retail Space

      Prime Retail Space near Walmart
      2200 Sparkman Dr, 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
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      High-Visibility Retail Space Available

      Retail and service center with suites from 514-5,165 SF.
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      Huntsville Retail Space Available

      Retail space available, 4,800 SqFt in Huntsville, Alabama.
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      Retail Space on Memorial Parkway

      Retail space for lease in North Huntsville with high visibility.
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      Retail Space on Oakwood Avenue

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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.

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    2200 Sparkman Dr, Huntsville, AL, 35810

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