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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    120 Governors SE Dr Huntsville, AL 35801-4336

    • Medical offices
    • 20,052 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimations
    $2,570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0655094
    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.

    Current Use by Public Records

    • Dr. Patrick Tomeny / Physician
    • Mary O'hear / Physician
    • Dr. Sebastian Jacobi / Physician
    • Cynthia Rogers / Physician
    • Erica Goering / Physician

    Property Details for 120 Governors SE Dr

    Year built
    1987
    Construction
    MIXED
    Lot size
    1.26 lot acres
    Property size
    20,052 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    17-01-01-4-002-001.000
    APU
    1701014002001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,080,000
      Market price range: $868k - $3.71M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,780,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5773
    Latitude
    34.7196
    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
    $32,037
    $246,220
    $306,140
    $552,360
    -
    $1,231,100
    $1,530,700
    $2,761,800

    Comparable in this City

    • Value Estimation by Request
      336 SF

      420 Lowell SE Dr

      MEDICAL BUILDING • 336 SF
      420 Lowell SE Dr, Huntsville, AL 35801-3754
      View Details
    • Value Estimation
      $515,000
      16,898 SF

      185 Whitesport Dr Sw Ste, Unit 1

      MEDICAL BUILDING • 16,898 SF
      185 Whitesport Dr Sw Ste, Huntsville, AL 35801-6487
      View Details
    • Value Estimation
      $865,000
      3,150 SF

      420 Lowell Dr Se Ste, Unit 201

      MEDICAL BUILDING • 3,150 SF
      420 Lowell Dr Se Ste, Huntsville, AL 35801-3763
      View Details
    • Value Estimation
      $655,000
      3,769 SF

      101 Bob Wallace SW Ave

      MEDICAL BUILDING • 3,769 SF
      101 Bob Wallace SW Ave, Huntsville, AL 35801-3847
      View Details
    • Value Estimation
      $2,500,000
      5,272 SF

      310 Clinton W Ave

      MEDICAL BUILDING • 5,272 SF
      310 Clinton W Ave, Huntsville, AL 35801-5527
      View Details
    • Value Estimation by Request
      2,787 SF

      420 Lowell SE Dr

      MEDICAL BUILDING • 2,787 SF
      420 Lowell SE Dr, Huntsville, AL 35801-3754
      View Details

    Similar Nearby for Sale

    • $395,000
      1,938 SF

      Huntsville Medical Office Building

      1,938 SF Medical Office - Vacant
      333 Whitesport Dr, Huntsville, AL 35801
      View Details
    • $395,000
      30,000 SF

      Medical Office Near Crestwood Center

      Medical office for sale or lease near Crestwood Medical Center.
      333 Whitesport Dr, Huntsville, AL 35801
      View Details
    • $650,000
      2,172 SF

      Huntsville Office Space Near Medical

      Office space near medical district, easily converted, 2,172 SF.
      317 Longwood Dr, Huntsville, AL 35801
      View Details
    • Contact for pricing
      4,352 SF

      Downtown Huntsville Office Suite

      Prestigious Office Space, High Visibility
      101 Northside Sq, Huntsville, AL 35801
      View Details
    • $550,000

      Office Conversion Opportunity Near UAB

      House near medical district suitable for office conversion.
      315 Longwood Dr Sw, Huntsville, AL 35801
      View Details
    • Contact for pricing
      2,500 SF

      Huntsville Office Space - 2500 sq ft

      Modern Huntsville office, prime location. Great value.
      303 Williams Ave, Huntsville, AL 35801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,810 SF

      Huntsville Medical Office Suites

      Prime Medical Space Available in Huntsville, AL
      101 Bob Wallace Ave, Huntsville, AL 35801
      View Details
    • Contact for pricing
      10,002 SF

      Huntsville Office Space Available

      Class A Office Building, 10,002 SF
      3501 Memorial Pkwy, Huntsville, AL 35801
      View Details
    • $18 SF/Yr
      5,860 SF

      Huntsville Medical Office Space

      1,970 SF Medical Office for Lease
      117 Longwood Dr, Huntsville, AL 35801
      View Details
    • Contact for pricing
      2,147 SF

      Huntsville Medical Office Space

      ±2,147 SF Medical Office Suite Available
      810 Shoney Dr, Huntsville, AL 35801
      View Details
    • $1,950 /Mo
      5,860 SF

      Huntsville Retail/Office/Medical Space

      1970 SF space suitable for retail, office, or medical use.
      117 Longwood Dr SE, Huntsville, AL 35801
      View Details
    • $5,400 /Mo
      16,500 SF

      Downtown Huntsville Executive Suites

      Prestigious Office Space, Prime Location
      116 Jefferson St, Huntsville, AL 35801
      View Details

    Property Visit Statistics

    • Visits by month
      3.2k
    • Visitors by month
      2.5k
    • Avg Time on site
      17 min
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    120 Governors SE Dr
    Huntsville, AL 35801-4336
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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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