7500 Memorial Pkwy Huntsville, AL 35801
- Office buildings
- 1,128 SF
- 1.84 lot acres
Current Use by Public Records
- Good Company Cafe / Wedding Bakery / Brunch Restaurant
- Chiropractic Solutions / Chiropractor
- Ralph April H DC / Chiropractor
- April Ralph, DC / Chiropractor
- Judy C. Park, PsyD / Psychologist
Property Details for 7500 Memorial Pkwy
- Year built
- 1988
- Construction
- WOOD
- Lot size
- 1.84 lot acres
- Property size
- 1,128 SF
- Property type
- Office buildings
- APN
- 18-09-30-2-000-014.012
- APU
- 1809302000014012
Description
This exceptional office property, located at 7500 S Memorial Pkwy in Huntsville, Alabama (zip code 35801), offers a diverse range of office spaces to suit various business needs. The property, situated on a 7.53-acre lot, comprises seven buildings with a total of 110,000 square feet. The building, constructed in 1986 and renovated in 2015, is classified as Class B and features a three-story design. Multiple tenancy options are available, with spaces ranging from a minimum of 1,977 square feet to a maximum contiguous space of 20,000 square feet. The property boasts ample parking with 506 spaces and includes one elevator for convenient access. Its zoning is C4, allowing for a mix of commercial uses. The location benefits from high visibility and foot traffic due to its combination of retail and office space. Its convenient location near Redstone Arsenal and the new Hays Farm development provides excellent access to a thriving business community and residential areas. The property is situated in the South Huntsville submarket of Madison County, Alabama, and is easily accessible from S. Memorial Pkwy and Blvd South. Several office options are available, including a first-floor space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,760,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,010,000
- 6.5%
- $4,285,000
- 7%
- $4,095,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,975,000
- Geo Method
- $4,630,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,455,000
- Retail
- $4,040,000
- Mixed-Use
- $3,590,000
- Hospitality
- $4,180,000
- Educational
- $4,020,000
- Residential Income
- $4,230,000
- Energy
- $4,455,000
- Income-Based Land
- $3,900,000
- Food Service
- $3,715,000
Location Insight
- Map
- Local Demand
- City
- Huntsville
- County
- Madison
- State
- Alabama
- Longitude
- -86.5746
- Latitude
- 34.6678
- CBSA code
- 26620
- CBSA name
- HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA
