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    1009 Airport SW Rd Huntsville, AL 35802-1317
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    Property profile & analytics

    1009 Airport SW Rd, Huntsville, AL 35802-1317

    View on Map
    • Drive through restaurants
    • 2,707 SF
    • 0.50 lot acres
    Off-Market
    Property ID
    US03-2929355
    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

    • Captain D's / Restaurant

    Property Details for 1009 Airport SW Rd

    Year built
    1990
    Lot size
    0.50 lot acres
    Property type
    Drive through restaurants
    APN
    17-06-13-4-000-011.001
    APU
    1706134000011001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 9, 2018 $6,950,000 Branch Westbury Associates LP Irc Westbury Square LLC Grant Deed —

    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
    -86.5785
    Latitude
    34.6905
    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
    $9,659
    $83,460
    $83,080
    $166,540
    -
    $417,300
    $415,400
    $832,700

    Comparable in this City

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      0.79 Acres

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    • Value Estimation
      $690,000
      2,627 SF

      8002 Memorial SW Pkwy

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    • Value Estimation by Request
      3,443 SF

      2780 Carl T Jones SE Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      2780 Carl T Jones SE Dr, Huntsville, AL 35802-4909
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    • Value Estimation
      $1,080,000
      1,008 SF

      2100 Cecil Ashburn SE Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
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      4781 Whitesburg SE Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      4781 Whitesburg SE Dr, Huntsville, AL 35802-1632
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    • Value Estimation by Request
      4,766 SF

      4751 Whitesburg SE Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      4751 Whitesburg SE Dr, Huntsville, AL 35802-1632
      View Details

    Similar Nearby for Sale

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      Restaurant/Bar Redevelopment Site For Sale

      Restaurant/bar on high traffic location, great redevelopment opportunity.
      7904 Memorial Pkwy South, Huntsville, AL 35802
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    • New
      $595,000
      2,925 SF

      Restaurant Bar Redevelopment Site

      Restaurant/bar property with 100 feet of frontage and light industry zoning on South Memorial Parkway S.
      7904 Memorial Pkwy S, Huntsville, AL 35802
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      Prime Retail Space in Huntsville

      Neighborhood community center with retail, medical, and office suites available.
      7900 Bailey Cove Rd, Huntsville, AL 35802
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      Neighborhood Retail Center in Huntsville

      Prime retail space in affluent Huntsville neighborhood.
      7900 Bailey Cove Rd, Huntsville, AL 35802
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      27,001 SF

      Huntsville Multi-Purpose Office Park

      27,001 SF multi-purpose office park for sale in Huntsville, AL.
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    • $231,000

      Huntsville Wooded Lot For Sale

      Wooded lot near medical campuses, Redstone Arsenal, and Research Park.
      4105 Devon St SE, Huntsville, AL 35802
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    Similar Nearby for Lease

    • Contact for pricing

      New Retail Space in Huntsville

      Dining, shopping, and service-oriented spaces in growing Huntsville area.
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      Retail Space in Jones Valley

      Retail space available in Huntsville's Jones Valley area.
      2030 Cecil Ashburn Dr, Huntsville, AL 35802
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    • Contact for pricing

      New Retail and Office Space

      New commercial spaces for lease in Huntsville, Alabama.
      2626 Carl T Jones Dr SE, Huntsville, AL 35802
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      Retail Space in High-Traffic Area

      Retail space in Huntsville's high-income area with excellent visibility.
      5000 Whitesburg Dr, Huntsville, AL 35802
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      1,790 SF

      Huntsville Retail Space For Rent

      Retail suites available in Huntsville, recently renovated with resurfaced parking.
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    • Contact for pricing
      10,000 SF

      Modern Climate-Controlled Flex Space

      Modern, climate-controlled flex units ideal for storage, inventory, operations.
      4049 Chris Dr SW, Huntsville, AL 35802
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    Property Visit Statistics

    • Visits by month
      23.5k
    • Visitors by month
      19.3k
    • Avg Time on site
      24 min
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    Huntsville, AL 35802-1317
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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.

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    1009 Airport SW Rd, Huntsville, AL, 35802
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