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    11594 Memorial Pkwy SW Huntsville, AL 35803
    Property profile & analytics

    11594 Memorial Pkwy SW Huntsville, AL 35803

    View on Map
    • Drive through restaurants
    • 4,918 SF
    • 1.31 lot acres
    For Sale
    $3,250,000
    View Listing →
    New Slim Chickens Drive-Thru For Sale
    $3,250,000
    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 Listing
    Property ID
    US03-1621280
    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

    • Slim Chickens / Restaurant

    Property Details for 11594 Memorial Pkwy SW

    Year built
    2022
    Construction
    WOOD
    Lot size
    1.31 lot acres
    Property size
    4,918 SF
    Property type
    Drive through restaurants
    APN
    23-03-07-2-003-075.000
    APU
    2303072003075000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,390,000
      ML approach
      $1,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,773,000
      Market price range: $935k - $3.20M

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.568
    Latitude
    34.6178
    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
    $12,373
    $34,360
    $178,960
    $213,320
    -
    $171,800
    $818,000
    $989,800

    Comparable in this City

    • Value Estimation
      $3,235,000
      1.12 Acres

      11214 Memorial SW Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.12 Acres
      11214 Memorial SW Pkwy, Huntsville, AL 35803-2124
      View Details
    • Value Estimation
      $1,050,000
      2,528 SF

      10019 Memorial SE Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,528 SF
      10019 Memorial SE Pkwy, Huntsville, AL 35803-1009
      View Details
    • Value Estimation
      $2,545,000
      4,180 SF

      10055 Memorial SE Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,180 SF
      10055 Memorial SE Pkwy, Huntsville, AL 35803-1009
      View Details
    • Value Estimation
      $1,955,000
      2,239 SF

      11707 Memorial SE Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,239 SF
      11707 Memorial SE Pkwy, Huntsville, AL 35803-3328
      View Details
    • Value Estimation by Request
      1,320 SF

      11606 Memorial SW Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,320 SF
      11606 Memorial SW Pkwy, Huntsville, AL 35803-2152
      View Details
    • Value Estimation by Request
      2,364 SF

      11212 Memorial SW Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,364 SF
      11212 Memorial SW Pkwy, Huntsville, AL 35803-2124
      View Details

    Similar Nearby for Sale

    • $3,250,000
      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
    • $1,773,800

      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
    • $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
    • $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
    • $2,000,000

      South Huntsville Commercial Building For Sale

      10,672 SF commercial building with office and warehouse space.
      12519 South Memorial Pkwy, Huntsville, AL 35803
      View Details

    Similar Nearby for Lease

    • 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

      Retail Center in South Huntsville

      16,250 SF retail center with prominent visibility.
      2130 Redstone Rd 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

      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

      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

      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
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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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