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Property profile & analytics
FOR LEASE
Investment properties
11310 Memorial Pkwy SW Huntsville, AL 35803
Entity Owned
1-yr Hold
Free & Clear
Property ID
US03-2941453
For Lease
1 / 2
$4,690,000
11310 Memorial Pkwy SW, Huntsville, AL 35803
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2009
Construction
WOOD
Total area
8,625 SF
Lot
1.35 ac (58,762 SF)
APN
23-03-07-2-003-003.014
UPID
US03-2941453
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.69M
Owner & transaction history
ST MAGNA CARTA LLC, · 3 yrs held
ST MAGNA CARTA LLC,
since 2023
Last sale
$4.9M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+190.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Huntsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,515,000
ML approach
$4,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,715,000
Change: +191% · Conversion: Difficult
Blend value · Realmo final
$4.69M
Range $4.22M – $5.16M · ±10% · vs last sale $4.85M (May 18 2023)
Last sale anchor
$4.85M
May 18 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$544 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,838
Tax year 2023
Assessed value
$342,040
Assessed 2023
Previous assessed
$220,620
+55.0% YoY
Effective rate
5.80%
On assessed value
Assessed land
$35,260
Assessed improvement
$306,780
Land market value
$176,300
Improvement market value
$1,533,900
Total market value
$1,710,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
2009
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
8,625 SF
Lot
1.35 ac (58,762 SF)
APN
23-03-07-2-003-003.014
UPID
US03-2941453
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.7M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
ST MAGNA CARTA LLC,
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 2368, HUNTSVILLE, AL 35804-2368
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2023
$4,850,000
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Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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