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Property profile & analytics
OFF-MARKET
Estimated value
$15,620,000
Office buildings
13000 Memorial SW Pkwy Huntsville, AL 35803-6000
Individually Owned
7-yr Hold
Free & Clear
Property ID
US03-0758172
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
MIXED
Total area
83,720 SF
Lot
109 ac (4,748,040 SF)
APN
23-04-19-0-002-001.000
UPID
US03-0758172
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
-
Sanmina Corporation Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.55M
Comparable Approach
Comparable
$18.42M
Blend (final)
Blend
$15.62M
Owner & transaction history
Industrial Dev Board Of The Ci · 7 yrs held
Industrial Dev Board Of The Ci
since 2018
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$16.9M
+27.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,015,000
6.5%
$17,550,000
7%
$16,300,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,320,000
Current use
MEDICAL BUILDING
$16,945,000
Change: +27% · Conversion: Easy
RETAIL STORES
$12,875,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$12,405,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$15.62M
Range $14.06M – $17.18M · ±10%
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
$187 / 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
$199,780
Tax year 2023
Assessed value
$3,444,480
Assessed 2023
Previous assessed
$3,261,880
+5.6% YoY
Effective rate
5.80%
On assessed value
Assessed land
$239,800
Assessed improvement
$3,204,680
Land market value
$1,199,000
Improvement market value
$16,023,400
Total market value
$17,222,400
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
MIXED
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
1
Bathrooms
1
Total area
83,720 SF
Lot
109 ac (4,748,040 SF)
APN
23-04-19-0-002-001.000
UPID
US03-0758172
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
OFFICE BUILDING Current
Est. value
$13.3M
MEDICAL BUILDING
Est. value
$16.9M
RETAIL STORES
Est. value
$12.9M
COMMERCIAL (GENERAL)
Est. value
$12.4M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1989
Construction
MIXED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
1
Lot
109 ac
Current owner
From public records · entity-resolved
Industrial Dev Board Of The Ci
Individual
Free & Clear · 7 yrs held
Mailing address
13000 MEMORIAL PKWY SW, HUNTSVILLE, AL 35803-6000
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2018
—
Industrial Dev Board Of The Ci
Sci Technology INC
Warranty Deed
—
Aug 29, 2014
—
Sci Technology INC
—
Grant Deed
related
$375,000,000 · Us Bk
Oct 14, 2009
—
Sci Technology INC
Industrial Dev Board Of City/hunt
Warranty Deed
—
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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