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    Property profile & analytics

    3601 Cci Dr Huntsville, AL 35805

    • Medical offices
    • 118,501 SF
    • 12.71 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0460477
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cancer Imaging Center / Medical Diagnostic Imaging Center / Medical Center
    • Therapy Achievements at CCI / Physical Therapy Clinic / Occupational Therapist
    • Clearview Cancer Institute / Oncologist / Cancer Treatment Center
    • Sarah Patterson-Webb / General Practitioner
    • Russel Hill Cancer Foundation / Cancer Treatment Center / Non-Profit Organization

    Property Details for 3601 Cci Dr

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    12.71 lot acres
    Property size
    118,501 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    17-02-03-2-001-008.001
    APU
    1702032001008001

    Description

    This exceptional 5.47-acre commercial land parcel presents a unique investment opportunity in Huntsville, Alabama. Strategically located at the intersection of Holmes Avenue and 14th Street, this property enjoys high visibility and easy accessibility, situated directly at the entrance to both the VA Outpatient Center and the Clearview Cancer Institute. The site's prime location offers significant advantages for businesses seeking proximity to a substantial medical community and its associated patient and employee traffic. The land is priced at $14 per square foot. Beyond its immediate medical adjacency, this property benefits from convenient access to Interstate 565, providing seamless connectivity to the broader Huntsville area. Furthermore, it's just minutes away from Downtown Huntsville and the University of Alabama in Huntsville, expanding its appeal to a diverse range of potential users. The surrounding area boasts a variety of shopping and dining options, enhancing the overall desirability and convenience of this location. This exceptional parcel offers a rare combination of high visibility, convenient access, and proximity to key amenities, making it an ideal site for a variety of commercial developments. The property's size and location make it suitable for a wide range of commercial uses, presenting a compelling investment opportunity in a thriving Alabama market. The address is 3601 CCI Drive, Huntsville, AL 35805, in Madison County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $25,595,000
      6.5%
      $23,625,000
      7%
      $21,940,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $30,431,000
      Market price range: $19.6M - $30.4M
      AI Estimate
      $20,820,000
      Market price range: $5.21M - $20.8M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $23,985,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6214
    Latitude
    34.7237
    CBSA code
    26620
    CBSA name
    HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $344,166
    $276,800
    $5,657,100
    $5,933,900
    -
    $1,384,000
    $28,285,500
    $29,669,500

    Comparable in this City

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      7,313 SF

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      View Details
    • Value Estimation
      $9,645,000
      55,688 SF

      500 Markaview NW Rd

      MEDICAL BUILDING • 55,688 SF
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    • Value Estimation
      $550,000
      4,500 SF

      2103 Drake SW Ave

      MEDICAL BUILDING • 4,500 SF
      2103 Drake SW Ave, Huntsville, AL 35805-5107
      View Details
    • Value Estimation
      $1,775,000
      12,920 SF

      2743 Bob Wallace SW Ave

      MEDICAL BUILDING • 12,920 SF
      2743 Bob Wallace SW Ave, Huntsville, AL 35805-4103
      View Details
    • Value Estimation by Request
      2,508 SF

      2876 Bob Wallace SW Ave

      MEDICAL BUILDING • 2,508 SF
      2876 Bob Wallace SW Ave, Huntsville, AL 35805-4106
      View Details
    • Value Estimation
      $2,515,000
      12,364 SF

      2780 Bob Wallace SW Ave

      MEDICAL BUILDING • 12,364 SF
      2780 Bob Wallace SW Ave, Huntsville, AL 35805-4104
      View Details

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    3601 Cci Dr
    Huntsville, AL 35805
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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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