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    1006 Lee Dr NW Huntsville, AL 35816

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    1006 Lee Dr NW Huntsville, AL 35816

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    • Duplexes
    • 1,500 SF
    For Sale
    $325,000
    View Listing →
    Huntsville Duplex Near Universities For Sale
    $325,000
    1,500 SF

    Huntsville Duplex Near Universities

    Duplex near universities, shopping, and entertainment in Huntsville, Alabama.

    1006 Lee Dr NW, Huntsville, AL 35816
    View Listing
    Property ID
    US03-2824612
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Duplexes

    Property Details for 1006 Lee Dr NW

    Property size
    1,500 SF
    Property type
    Duplexes

    Description

    Great looking neighborhood in NW Huntsville, Alabama. Duplex is close to Oakwood University and Alabama A&M. Located near multiple shopping areas and entertainment zones. Brick building with concrete driveway. Units are 750 sf each with 2 bed, 1 bath, Kitchen and living area with fenced in back yard area for recreation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6026546
    Latitude
    34.7326628

    Comparable in this City

    • New
      $379,900
      3,804 SF

      Huntsville Quad Updated Units

      Updated Huntsville quadplex, rent-ready, street-level parking, easy access.
      1410 Ascent Trl, Huntsville, AL 35816
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    • $405,000

      Huntsville Multifamily Investment Opportunity

      Well-maintained fourplex near UAH, Oakwood, and Mid-City.
      4916 Cotton Row NW Row, Huntsville, AL 35816
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    • Contact for pricing

      Huntsville Fourplex Investment Opportunity

      Four 2-bedroom units near UAH, Highway 72, and MidCity.
      1505 Medland Rd, Huntsville, AL 35816
      View Details
    • Contact for pricing
      3,280 SF

      Huntsville Multifamily Four-Unit Property

      Four-unit multifamily property in Huntsville, Alabama.
      1505 Medland Rd NW, Huntsville, AL 35816
      View Details
    • $290,000

      Huntsville Investment 4-Plex Opportunity

      Investment opportunity near University of Huntsville and Oakwood College.
      1417 Ascent Trl NW, Huntsville, AL 35816
      View Details
    • $450,000
      3,980 SF

      Huntsville Quadruplex For Sale

      Northwest Huntsville quadruplex with two-bedroom units, ideal for investors.
      4927 Cotton Row NW, Huntsville, AL 35816
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,280 SF

      Huntsville Multifamily Four-Unit Property

      Four-unit multifamily property in Huntsville, Alabama.
      1505 Medland Rd NW, Huntsville, AL 35816
      View Details
    • $290,000

      Huntsville Investment 4-Plex Opportunity

      Investment opportunity near University of Huntsville and Oakwood College.
      1417 Ascent Trl NW, Huntsville, AL 35816
      View Details
    • $405,000

      Huntsville Multifamily Investment Opportunity

      Well-maintained fourplex near UAH, Oakwood, and Mid-City.
      4916 Cotton Row NW Row, Huntsville, AL 35816
      View Details
    • Contact for pricing

      Huntsville Fourplex Investment Opportunity

      Four 2-bedroom units near UAH, Highway 72, and MidCity.
      1505 Medland Rd, Huntsville, AL 35816
      View Details
    • $450,000
      3,980 SF

      Huntsville Quadruplex For Sale

      Northwest Huntsville quadruplex with two-bedroom units, ideal for investors.
      4927 Cotton Row NW, Huntsville, AL 35816
      View Details
    • New
      $391,900
      3,280 SF

      Huntsville Fourplex Investment Opportunity

      Four 2-bedroom apartments near UAH and downtown Huntsville.
      1505 Medland Rd, Huntsville, AL 35816
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space at University Drive

      Retail spaces available in Huntsville, Alabama, with high traffic.
      4710 NW University Dr, Huntsville, AL 35816
      View Details
    • Contact for pricing

      Huntsville Flex Space Available

      Office and low bay space with roll-up doors for rent.
      4820 University Sq, Huntsville, AL 35816
      View Details
    • Contact for pricing

      Retail Center with Long-Term Tenant

      Retail property featuring AT&T as a major tenant.
      4929 University Dr, Huntsville, AL 35816
      View Details
    • Contact for pricing

      New Retail Space Available

      Class A retail space in central Huntsville location for lease.
      4009 University Dr NW, Huntsville, AL 35816
      View Details
    • Contact for pricing
      82,559 SF

      Huntsville Warehouse Space For Lease

      82,559 SF warehouse space available for lease in Huntsville.
      1220 Retail Dr NW, Huntsville, AL 35816
      View Details
    • $7,318 /Mo
      3,818 SF

      Huntsville Commercial Space For Rent

      Medical/Retail/Office space with excellent visibility and central location.
      4550 University Dr, 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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