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    Property profile & analytics

    2422 Jordan Ln Huntsville, AL 35816

    • Sports & entertainment properties
    • 9,556 SF
    • 0.54 lot acres
    For Lease
    View listing
    $120 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0493461
    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

    • Faith Christian Academy / School
    • Emmanuel Church / Church

    Property Details for 2422 Jordan Ln

    Year built
    1986
    Lot size
    0.54 lot acres
    Property size
    9,556 SF
    Property type
    Sports & entertainment properties
    APN
    14-08-28-2-001-081.000
    APU
    1408282001081000

    Description

    This exceptional 9,200 square foot commercial property, located at 2422 Jordan Lane NW, Suite A, Huntsville, Alabama 35816, offers a unique blend of office, warehouse, and flex space. Situated at the high-traffic intersection of Jordan Lane and Sparkman Drive, this single-tenant property boasts excellent visibility and accessibility. Currently, 5,200 square feet of space is immediately available, ideal for a variety of businesses seeking a versatile and strategically located workspace. The property is classified as Office and Industrial, encompassing the subtypes of Flex, Warehouse, and Traditional Office, providing flexibility to adapt to diverse operational needs. The building's total square footage is 9,200 square feet, situated within Madison County. This prime location in Huntsville offers businesses easy access to major transportation routes and a thriving commercial environment. The property's adaptable layout makes it suitable for companies requiring a combination of office space, storage, and light manufacturing or assembly areas. This is a rare opportunity to secure a well-positioned, versatile commercial space in one of Huntsville's most desirable locations. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6383
    Latitude
    34.7556
    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
    $4,519
    $14,000
    $63,920
    $77,920
    -
    $70,000
    $319,600
    $389,600

    Comparable in this City

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      6,090 SF

      1107 Jordan NW Ln

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      1107 Jordan NW Ln, Huntsville, AL 35816-3027
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    • Value Estimation
      $965,000
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      2808 Holmes NW Ave

      RECREATIONAL, ENTERTAINMENT • 19,068 SF
      2808 Holmes NW Ave, Huntsville, AL 35816
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    • Value Estimation
      $715,000
      21,100 SF

      4410 University NW Dr

      RECREATIONAL, ENTERTAINMENT • 21,100 SF
      4410 University NW Dr, Huntsville, AL 35816-2897
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      4,685 SF

      1207 Pulaski NW Pike

      RECREATIONAL, ENTERTAINMENT • 4,685 SF
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      2,471 SF

      3784 University NW Dr

      RECREATIONAL, ENTERTAINMENT • 2,471 SF
      3784 University NW Dr, Huntsville, AL 35816-3178
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      3,186 SF

      Lancewood NW Dr

      RECREATIONAL, ENTERTAINMENT • 3,186 SF
      Lancewood NW Dr, Huntsville, AL 35816
      View Details

    Similar Nearby for Sale

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      Huntsville Duplex Investment Opportunity

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      Huntsville Land For Sale

      Land available in Huntsville, Alabama.
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    • $600,000

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    Similar Nearby for Lease

    • Contact for pricing
      3,200 SF

      Huntsville Retail Space - University Dr

      Class A Retail, 3200 sq ft, Huntsville AL
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      Retail space for rent with high visibility and access.
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    • $6,220 /Mo
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      Huntsville Office Space Available

      Office space for rent in Huntsville, Alabama.
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    • $7,987 /Mo
      25,782 SF

      Huntsville Office/Retail Space Available

      Class B office/retail building in high-traffic Huntsville location.
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    • $15 SF/Yr
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      Prime Office Building, Sparkman Drive

      17,164 SF Office, Ample Parking
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    • $162 SF/Yr
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      Prime Huntsville Office Space

      7,100 SF Available, Boardwalk Location
      1555 The Boardwalk, 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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