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    Property profile & analytics

    4000 Memorial Pkwy Huntsville, AL 35802

    • Manufacturing properties
    • 119,042 SF
    • 12.43 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Last Sale
    Aug 09, 2023
    $7,425,000
    Value Estimations
    $7,525,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0598980
    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

    • Manufacturing properties

    Property Details for 4000 Memorial Pkwy

    Year built
    1963
    Lot size
    12.43 lot acres
    Property size
    119,042 SF
    Property type
    Manufacturing properties
    APN
    17-06-24-1-000-002.000
    APU
    1706241000002000

    Description

    This exceptional 175,000-square-foot industrial property, located at 4000 Memorial Pkwy SW in Huntsville, Alabama, presents a significant opportunity. The building, constructed in 1963 and classified as Class C, offers a flexible layout ideal for a variety of uses. Currently, 54,000 square feet of space is available, divisible into units as small as 3,000 square feet. The property sits on a generous 12-acre lot, providing ample room for expansion or outdoor storage. Features include 18-26 foot ceiling heights, enhancing storage and operational efficiency. Loading and unloading are facilitated by four loading docks and three dock-high doors. The property benefits from three-phase power, essential for many industrial operations. Its zoning is designated as Heavy Industrial, allowing for a wide range of permitted uses. Situated in Huntsville's Hubzone and on South Memorial Parkway, this location offers exceptional visibility and convenient access, making it an attractive option for businesses seeking a strategic presence in the Huntsville market. The property is a single-tenant building within Madison County, Alabama, and has a zip code of 35802.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,910,000
      ML approach
      $8,340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,183,000
      Market price range: $4.76M - $10.1M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $7,810,000
      Current use
      WAREHOUSE, STORAGE
      $7,955,000
      Change: +2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5795
    Latitude
    34.6827
    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
    $43,594
    $435,060
    $316,560
    $751,620
    -
    $2,175,300
    $1,582,800
    $3,758,100

    Comparable in this City

    • Value Estimation
      $3,490,000
      74,332 SF

      8600 Memorial SW Pkwy

      MANUFACTURING (LIGHT) • 74,332 SF
      8600 Memorial SW Pkwy, Huntsville, AL 35802-3031
      View Details
    • Value Estimation by Request
      6,000 SF

      Vermont SW Rd

      WAREHOUSE, STORAGE • 6,000 SF
      Vermont SW Rd, Huntsville, AL 35802
      View Details
    • Value Estimation by Request
      9,720 SF

      4120 Jake SW Dr

      WAREHOUSE, STORAGE • 9,720 SF
      4120 Jake SW Dr, Huntsville, AL 35802-2080
      View Details
    • Value Estimation by Request
      12,000 SF

      8055 Lenox SW Ln

      WAREHOUSE, STORAGE • 12,000 SF
      8055 Lenox SW Ln, Huntsville, AL 35802-2965
      View Details
    • Value Estimation
      $640,000
      21,800 SF

      2015 Vermont SW Rd

      WAREHOUSE, STORAGE • 21,800 SF
      2015 Vermont SW Rd, Huntsville, AL 35802-2004
      View Details
    • Value Estimation by Request
      0.06 Acres

      Mem S Pkwy

      CONSTRUCTION/CONTRACTING SERVICES • 0.06 Acres
      Mem S Pkwy, Huntsville, AL 35802
      View Details

    Similar Nearby for Sale

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    • $199,000
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      Huntsville Commercial Land - $199K

      Prime 1-acre lot, C-4 zoning.
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      Huntsville Wooded Lot For Sale

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      Wooded lot centrally located near medical campuses and major employers.
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    Similar Nearby for Lease

    • $8 SF/Yr
      175,000 SF

      Huntsville Flex Space - 54,000 SF

      Prime Huntsville flex space, high visibility, divisible.
      4000 Memorial Pkwy, Huntsville, AL 35802
      View Details
    • $8 SF/Yr
      175,000 SF

      Huntsville Warehouse Space for Lease

      54,000 SF warehouse space in HSV HUBZone with high visibility.
      4000 Memorial Pkwy SW, Huntsville, AL 35802
      View Details
    • Contact for pricing
      16,531 SF

      The Jessam on the Park: Huntsville Retail

      Huntsville retail space, prime location.
      0 Haysland Rd, Huntsville, AL 35802
      View Details
    • Contact for pricing
      48,098 SF

      5000 Whitesburg Dr

      Retail properties • 48,098 SF
      5000 Whitesburg Dr, Huntsville, AL 35802
      View Details
    • $26 SF/Yr
      15,900 SF

      Jones Valley Retail Center

      Huntsville Retail Space Available
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      View Details
    • Contact for pricing
      11,675 SF

      Huntsville Office Space For Lease

      New 2024 Office Building, Prime Location
      2626 Carl T Jones Dr, Huntsville, AL 35802
      View Details
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    Huntsville, AL 35802
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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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