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Property profile & analytics
OFF-MARKET
Estimated value
$5,445,000
Outlet malls
1401 Memorial NW Pkwy Huntsville, AL 35801-5934
Entity Owned
5-yr Hold
Free & Clear
Property ID
US03-1623426
Property summary
AI-generated overview
This exceptional 1.11-acre (48,561 square foot) commercial outparcel presents a unique opportunity in Huntsville, Alabama. Located at 1401 Memorial Pkwy NW, 35816, this property is ideally situated for a variety of commercial developments. The land is available for ground lease or build-to-suit, offering flexibility to tailor the development to specific business needs. The single-tenant configuration ensures a streamlined and efficient operation. This prime location in Madison County provides excellent visibility and accessibility, making it an attractive proposition for businesses seeking a high-traffic area. The property's size allows for substantial development potential, catering to a range of commercial ventures. With its strategic location and adaptable options, this outparcel represents a compelling investment opportunity in a thriving Huntsville market. The property is classified as commercial land with a single tenancy and is zoned for commercial use. Interested parties are encouraged to explore the possibilities this exceptional location offers. Detailed site plans and zoning information are available upon request.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1970
Construction
MIXED
Total area
104,000 SF
Lot
15.86 ac (690,644 SF)
APN
14-07-26-3-001-006.000
UPID
US03-1623426
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
-
At Home Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.76M
Blend (final)
Blend
$5.45M
Owner & transaction history
1401 Memorial Pkwy Huntsville LLC · 5 yrs held
1401 Memorial Pkwy Huntsville LLC
since 2021
Last sale
$5.0M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,560,000
ML approach
$5,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.45M
Range $4.90M – $5.99M · ±10% · vs last sale $5.00M (May 27 2021)
Last sale anchor
$5.00M
May 27 2021
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
$52 / 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
$57,965
Tax year 2023
Assessed value
$999,400
Assessed 2023
Previous assessed
$986,320
+1.3% YoY
Effective rate
5.80%
On assessed value
Assessed land
$690,640
Assessed improvement
$308,760
Land market value
$3,453,200
Improvement market value
$1,543,800
Total market value
$4,997,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1970
Construction
MIXED
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
104,000 SF
Lot
15.86 ac (690,644 SF)
APN
14-07-26-3-001-006.000
UPID
US03-1623426
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
Building & site characteristics
From public records
Year built
1970
Construction
MIXED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
15.86 ac
Current owner
From public records · entity-resolved
1401 Memorial Pkwy Huntsville LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4680 PINSON VLY PKWY, CENTER POINT, AL 35215-1607
Ownership since
2021
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 27, 2021
$5,000,000
1401 Memorial Pkwy Huntsville LLC
Ebr Huntsville LLC
Special 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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