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    11607 Memorial SE Pkwy Huntsville, AL 35803-2151

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    11607 Memorial SE Pkwy Huntsville, AL 35803-2151

    View on Map
    • Commercial real estate
    • 60,050 SF
    • 3.38 lot acres
    Off-Market
    Property ID
    US03-0546929
    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
    $4,485,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Life Storage - Huntsville / Storage Facility
    • M & W Equipment / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Oak Mountain State Park Campground / Park
    • lackland self storage / Storage Facility

    Property Details for 11607 Memorial SE Pkwy

    Year built
    1990
    Lot size
    3.38 lot acres
    Property size
    60,050 SF
    Property type
    Commercial real estate
    APN
    23-03-07-1-003-022.000
    APU
    2303071003022000

    Description

    This exceptional retail property, located at 11607 Memorial Parkway Southwest in Huntsville, Alabama, presents a compelling investment opportunity. The 40,000 square foot building sits on a substantial 2.76-acre lot, offering ample space for parking or potential expansion. Its prime location in South Huntsville provides excellent visibility and accessibility, directly adjacent to Memorial Parkway. The area is experiencing significant growth and redevelopment, creating a strong market for commercial ventures. The property is currently configured for multi-tenant occupancy, with short-term leases in place for portions of the building, offering immediate cash flow and flexibility for future development. The substantial lot size allows for a variety of uses, including the possibility of a single large tenant or multiple smaller businesses. This property is ideal for investors seeking a high-visibility location with significant upside potential in a rapidly developing area. The asking price is $3,750,000. The property's zoning and current lease agreements are available upon request. This is a rare opportunity to acquire a well-positioned retail center in a thriving Alabama market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,564,000
      Market price range: $4.56M - $14.8M

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5651
    Latitude
    34.6187
    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
    $25,246
    $26,520
    $408,760
    $435,280
    -
    $132,600
    $2,043,800
    $2,176,400

    Comparable in this City

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    • Value Estimation
      $1,970,000
      24,200 SF

      11613 Memorial SE Pkwy

      COMMERCIAL (GENERAL) • 24,200 SF
      11613 Memorial SE Pkwy, Huntsville, AL 35803-2151
      View Details
    • Value Estimation by Request
      0.85 Acres

      2025 Fisher SW St

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    • Value Estimation by Request
      2.93 Acres

      Memorial Pkwy

      Land • 2.93 Acres
      0 Memorial Pkwy, Huntsville, AL 35803
      View Details
    • Value Estimation
      $2,745,000
      32,400 SF

      2450 Redstone SW Rd

      COMMERCIAL (GENERAL) • 32,400 SF
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    • Value Estimation by Request
      36 SF

      11707 Memorial SE Pkwy

      COMMERCIAL (GENERAL) • 36 SF
      11707 Memorial SE Pkwy, Huntsville, AL 35803-3328
      View Details

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    Similar Nearby for Lease

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      Retail Space in Magna Carta Plaza

      Retail space available in high-traffic Huntsville shopping center.
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      55,159 SF

      Huntsville Retail Center Opportunity

      Prime Huntsville storefront space available.
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      High-Traffic Retail Opportunity in Huntsville

      Premier retail space on high-traffic Memorial Parkway in Huntsville, Alabama.
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      View Details
    • Contact for pricing

      Hays Farm Office Building

      Office space for rent in mixed-use development near Redstone.
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      View Details
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    Huntsville, AL 35803-2151
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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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