Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11310 Memorial Pkwy SW Huntsville, AL 35803
    Back to Search
    Property profile & analytics

    11310 Memorial Pkwy SW, Huntsville, AL 35803

    View on Map
    • Investment properties
    • 8,625 SF
    • 1.35 lot acres
    For Lease
    $4,690,000
    View Listing →
    Retail Space in Magna Carta Plaza For Lease
    $4,690,000
    3,600 SF

    Retail Space in Magna Carta Plaza

    Retail space available in high-traffic Huntsville shopping center.

    11310 Memorial Pkwy SW, Huntsville, AL 35803
    View Listing
    Property ID
    US03-2941453
    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
    $4,690,000
    Cap Rate Potential
    2.3%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • BRUCE E BRAWNER / Physician
    • Marco's Pizza / Restaurant
    • Bradley Hamner - State Farm Insurance Agent / Insurance Agency
    • Results Physiotherapy Huntsville, Alabama -South / Physician
    • Great Clips / Hair Salon

    Property Details for 11310 Memorial Pkwy SW

    Year built
    2009
    Construction
    WOOD
    Lot size
    1.35 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    23-03-07-2-003-003.014
    APU
    2303072003003014

    Description

    Magna Carta Place, located at 11310 Memorial Pkwy SW, Huntsville, AL 35803, presents a compelling retail investment opportunity. This established property comprises three single-story buildings totaling 22,400 square feet, situated on Memorial Parkway, a major thoroughfare in Huntsville. The property's strategic location between the expanding Hays Farm neighborhoods and Redstone Road ensures high visibility and accessibility for businesses. Currently, one retail space of 3,600 square feet is available. The property is zoned LI - Light Industry, allowing for a variety of retail uses, including strip center, neighborhood center, shopping center, and restaurant operations. The property's multiple tenancy structure offers flexibility for various business models. Its high traffic count and convenient access make it an ideal location for businesses seeking maximum exposure and customer reach within a thriving Huntsville community. The property's established presence and prime location offer a strong foundation for future growth and profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,515,000
      ML approach
      $4,545,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,715,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5678
    Latitude
    34.6227
    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
    $19,838
    $35,260
    $306,780
    $342,040
    -
    $176,300
    $1,533,900
    $1,710,200

    Comparable in this City

    • Value Estimation
      $1,485,000
      11,466 SF

      11823 Memorial SE Pkwy

      STORE/OFFICE (MIXED USE)
      11823 Memorial SE Pkwy, Huntsville, AL 35803-3398
      View Details
    • Value Estimation
      $930,000
      8,319 SF

      11920 Memorial SW Pkwy

      STORE/OFFICE (MIXED USE)
      11920 Memorial SW Pkwy, Huntsville, AL 35803-3306
      View Details
    • Value Estimation
      $765,000
      5,040 SF

      11602 Memorial SW Pkwy

      STORE/OFFICE (MIXED USE)
      11602 Memorial SW Pkwy, Huntsville, AL 35803-2152
      View Details
    • Value Estimation
      $1,890,000
      16,250 SF

      2130 Redstone SW Rd

      STORE/OFFICE (MIXED USE)
      2130 Redstone SW Rd, Huntsville, AL 35803-2669
      View Details
    • Value Estimation by Request
      3,342 SF

      11515 Memorial SE Pkwy

      STORE/OFFICE (MIXED USE)
      11515 Memorial SE Pkwy, Huntsville, AL 35803-4423
      View Details
    • Value Estimation
      $3,845,000
      27,400 SF

      11700 Memorial SW Pkwy

      STORE/OFFICE (MIXED USE)
      11700 Memorial SW Pkwy, Huntsville, AL 35803-3351
      View Details

    Similar Nearby for Sale

    • $35,000
      0.36 Acres

      Huntsville Land with Mountain Views

      Land in Timber Ridge community, ideal for building or investment.
      15034 Greentree Trl, Huntsville, AL 35803
      View Details
    • Contact for pricing

      Huntsville Land For Sale

      Commercial land available in Huntsville, Alabama.
      12310 Parkway South Memorial Pkwy SW, Huntsville, AL 35803
      View Details
    • Contact for pricing

      Commercial Land on M-72 Frontage

      Commercial land with high traffic count and road frontage.
      4.9A Lee Ln Se, Huntsville, AL 35803
      View Details
    • $75,000
      0.70 Acres

      Unrestricted Lot in Huntsville, AL

      Large, level lot with utilities in southeast Huntsville/New Hope area.
      140 Beshears Rd, Huntsville, AL 35803
      View Details
    • $53,500
      0.61 Acres

      Huntsville Land with Mountain Views

      0.61 acre lot ready for building with utilities.
      557 Cap Adkins Rd, Huntsville, AL 35803
      View Details
    • $4,950,000
      25.12 Acres

      Huntsville Industrial Land - 25 Acres

      Prime Huntsville location, heavy industrial zoning. $4.95M.
      13111 Memorial Pkwy, Huntsville, AL 35803
      View Details

    Similar Nearby for Lease

    • 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

      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

      Huntsville Warehouse Space Available

      Warehouse space for rent in Huntsville, Alabama.
      110 Green Cove Rd Southeast, 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

      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

      Hays Farm Office Building

      Office space for rent in mixed-use development near Redstone.
      885 Haysland Rd SW, Huntsville, AL 35803
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11310 Memorial Pkwy SW
    Huntsville, AL 35803
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11310 Memorial Pkwy SW, Huntsville, AL, 35803
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!