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    11220 Memorial Pkwy Huntsville, AL 35803
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    11220 Memorial Pkwy, Huntsville, AL 35803

    View on Map
    • Strip malls
    • 55,875 SF
    • 4.50 lot acres
    For Lease
    $1,315,000
    View Listing →
    High-Traffic Retail Opportunity in Huntsville For Lease
    $1,315,000

    High-Traffic Retail Opportunity in Huntsville

    Premier retail space on high-traffic Memorial Parkway in Huntsville, Alabama.

    11220 Memorial Pkwy SW, Huntsville, AL 35803
    View Listing
    Property ID
    US03-0523407
    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
    $1,315,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alfa Insurance / Insurance Agency
    • Schrimsher Richard / Insurance Agency
    • Med Aesthetics At Southcare / Medical Clinic / Skin Care Clinic
    • Tyree Pettis - State Farm Insurance Agent / Insurance Agency
    • Functional Chiropractic / Physician

    Property Details for 11220 Memorial Pkwy

    Year built
    1987
    Lot size
    4.50 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    23-03-06-2-001-006.000
    APU
    2303062001006000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 18, 2025 $5,500,000 Kmbs Real Estate LLC Bull Development LLC Warranty Deed $5M · Renasant Bank A Mississippi Banking
    Oct 18, 2021 — Meiying Forney — Deed · related $4.4M · Bull Development LLC
    Dec 22, 2015 $458,000 Bull Dev LLC Forney,meiying Grant Deed —
    Jan 4, 2005 — Meiying Forney Owner,record Grant Deed —
    — — Meiying Forney — Deed Of Trust · related $4.4M · Banktrust
    — — Meiying F Forney — Deed Of Trust · related $2.2M · Banktrust Of Al

    Description

    Hunnington Center, located at 11220 Memorial Pkwy SW in Huntsville, Alabama (zip code 35803), presents a compelling retail investment opportunity. This 55,159 square foot shopping center enjoys a high-traffic location at the intersection of South Memorial Parkway and Meadowbrook Drive. Currently, there are nine available spaces ranging from 1,235 to 18,000 contiguous square feet, with a total of 33,144 square feet currently vacant. The minimum divisible space is 1,900 square feet, offering flexibility for various retail concepts. This multi-tenant property provides a strong foundation for businesses seeking high visibility and accessibility in a thriving Huntsville market. The property's strategic location on South Memorial Parkway ensures significant exposure to a large customer base. The available spaces are ideal for a range of retail uses, providing an excellent chance to establish or expand a business within a well-established shopping center. Interested parties are encouraged to explore the potential of this exceptional retail space. Contact us to learn more about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $960,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,669,000
      Market price range: $896k - $4.26M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,185,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5682
    Latitude
    34.6356
    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
    $33,873
    $274,380
    $309,640
    $584,020
    -
    $1,371,900
    $1,548,200
    $2,920,100

    Comparable in this City

    • Value Estimation
      $1,040,000
      24,939 SF

      10300 Bailey Cv SE Rd

      SHOPPING CENTER, STRIP CENTER
      10300 Bailey Cv SE Rd, Huntsville, AL 35803-2635
      View Details
    • Value Estimation
      $545,000
      18,785 SF

      Weatherly Rd

      SHOPPING CENTER, STRIP CENTER
      Weatherly Rd, Huntsville, AL 35803
      View Details
    • Value Estimation
      $1,495,000
      68,069 SF

      11208 Memorial SW Pkwy

      SHOPPING CENTER, STRIP CENTER
      11208 Memorial SW Pkwy, Huntsville, AL 35803-4410
      View Details
    • Value Estimation by Request
      4,000 SF

      14094 Memorial SW Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE
      14094 Memorial SW Pkwy, Huntsville, AL 35803-6014
      View Details
    • Value Estimation
      $1,655,000
      18,000 SF

      11110 Memorial SW Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE
      11110 Memorial SW Pkwy, Huntsville, AL 35803-2122
      View Details
    • Value Estimation
      $15,780,000
      198,119 SF

      11610 Memorial SW Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE
      11610 Memorial SW Pkwy, Huntsville, AL 35803-2152
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on M-72 Frontage

      Commercial land with high traffic count and road frontage.
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    • $879,000
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      Huntsville Commercial/Retail Building For Sale

      Multi-purpose commercial/retail building in a highly visible South Huntsville location.
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      3,044 SF

      New Slim Chickens Drive-Thru

      New drive-thru Slim Chickens in Huntsville, AL for sale.
      11594 Memorial Pkwy SW, Huntsville, AL 35803
      View Details
    • $92,900
      0.40 Acres

      Huntsville Homesite in Established Community

      Residential land in South Huntsville, ideal for building a dream home.
      1235 Shadow Ridge Dr SE, Huntsville, AL 35803
      View Details
    • $550,000
      1.69 Acres

      Huntsville Commercial Lots on Highway

      Two commercial lots in prime location with high visibility.
      12004 SW Memorial Pkwy S, Huntsville, AL 35803
      View Details
    • $35,000
      0.36 Acres

      Huntsville Land with Mountain Views

      Residential land in Huntsville's Timber Ridge community, ideal for building.
      15036 Greentree Trl, Huntsville, AL 35803
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Traffic Retail Opportunity in Huntsville

      Premier retail space on high-traffic Memorial Parkway in Huntsville, Alabama.
      11220 Memorial Pkwy SW, Huntsville, AL 35803
      View Details
    • Contact for pricing
      55,159 SF

      Huntsville Retail Center Opportunity

      Prime Huntsville storefront space available.
      11220 Memorial Pkwy, Huntsville, AL 35803
      View Details
    • Contact for pricing

      Retail Space in Magna Carta Plaza

      Retail space available in high-traffic Huntsville shopping center.
      11310 Memorial Pkwy SW, Huntsville, AL 35803
      View Details
    • Contact for pricing

      25 Acres Industrial Land Available

      25 acres of industrial land for rent on South Memorial
      13111 Memorial Pkwy SW, Huntsville, AL 35803
      View Details
    • Contact for pricing

      Huntsville Warehouse Space Available

      Warehouse space for rent in Huntsville, Alabama.
      110 Green Cove Rd Southeast, Huntsville, AL 35803
      View Details
    • Contact for pricing

      Huntsville Office Space For Rent

      Office space in a vibrant South Huntsville commercial district.
      1428 Weatherly Rd SE, Huntsville, AL 35803
      View Details
    View Listing
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    Huntsville, AL 35803
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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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