Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1403 Weatherly SE Plz Huntsville, AL 35803-2637
    Property profile & analytics

    1403 Weatherly SE Plz, Huntsville, AL 35803-2637

    View on Map
    • Office buildings
    • 9,736 SF
    • 0.72 lot acres
    Off-Market
    Property ID
    US03-0585124
    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
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Ann Marie Lee Family Dentistry / Dental Office
    • BU2FL BODY CONTOURING / Gym & Fitness Center / Training Center
    • Power Pro Pressure Washing / Landscaping / General Contractor
    • Instapost, LLC / Advertising Agency / Marketing & Advertising
    • Musgrove Cindy / Dental Office

    Property Details for 1403 Weatherly SE Plz

    Year built
    1996
    Construction
    MIXED
    Lot size
    0.72 lot acres
    Property type
    Office buildings
    APN
    18-09-32-4-001-045.000
    APU
    1809324001045000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 24, 2025 — Roger Dale Schwerman Roger D Schwerman Deed · related —
    Oct 27, 2017 $1,350,000 Roger D Schwerman Lee Rentals LLC Grant Deed $575k · Redstone FCU
    — — Lee Rentals LLC — Deed Of Trust · related $379k · Servisfirst Bank

    Description

    Weatherly Plaza Executive Offices offers exceptional value in a prime South Huntsville location. This single, two-story Class C building, totaling 19,964 square feet, underwent a complete renovation in 2023. The property features 34 parking spaces and is conveniently located near Bailey Cove. Multiple suites are available, ranging from a minimum of 200 square feet to a maximum contiguous space of 2,297 square feet, perfect for businesses of various sizes. Each suite is fully carpeted and most boast windows or skylights for ample natural light. The building offers after-hours climate control for added convenience. Lease rates are all-inclusive, covering property taxes, owner's insurance, maintenance, landscaping, all utilities, and exterior trash removal. Tenants are solely responsible for janitorial services, internet, and any other business-specific services. The property is zoned for commercial use and was originally constructed in 1996. A virtual tour is available via QR codes provided in the photo section. This is an excellent opportunity to secure affordable, well-maintained office space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,074,000
      Market price range: $895k - $2.58M
      AI Estimate
      $635,000
      Market price range: $390k - $1.39M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,550,000
      Current use
      RETAIL STORES
      $1,495,000
      Change: -3% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,445,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5411
    Latitude
    34.6438
    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
    $11,657
    $40,620
    $160,360
    $200,980
    -
    $203,100
    $801,800
    $1,004,900

    Comparable in this City

    • Value Estimation by Request
      990 SF

      11607 Memorial SE Pkwy

      OFFICE BUILDING
      11607 Memorial SE Pkwy, Huntsville, AL 35803-2151
      View Details
    • Value Estimation
      $625,000
      3,484 SF

      363 Linde SE Rd

      OFFICE BUILDING
      363 Linde SE Rd, Huntsville, AL 35803-6045
      View Details
    • Value Estimation
      $1,375,000
      7,250 SF

      15980 Chaney Thompson SE Rd

      OFFICE BUILDING
      15980 Chaney Thompson SE Rd, Huntsville, AL 35803-3938
      View Details
    • Value Estimation by Request
      1,776 SF

      2049 Fisher SW St

      OFFICE BUILDING
      2049 Fisher SW St, Huntsville, AL 35803-6005
      View Details
    • Value Estimation by Request
      3,000 SF

      11506 Gilleland SE Rd

      OFFICE BUILDING
      11506 Gilleland SE Rd, Huntsville, AL 35803-4327
      View Details
    • Value Estimation by Request
      1,860 SF

      11317 Memorial SE Pkwy

      OFFICE BUILDING
      11317 Memorial SE Pkwy, Huntsville, AL 35803-2125
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Huntsville Office Building For Sale

      Value-add office building with convenient access to Interstate 565.
      8213 Stephanie Dr S, Huntsville, AL 35803
      View Details
    • Contact for pricing
      10 SF

      Huntsville Industrial Property on Parkway

      91,930 SF industrial property on 10.23 acres in Huntsville.
      12090 Memorial Pkwy Southwest, Huntsville, AL 35803
      View Details
    • Contact for pricing

      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
    • Contact for pricing

      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
    • Contact for pricing
      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
    • $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

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Huntsville Office Space For Rent

      Office space in a vibrant South Huntsville commercial district.
      1428 Weatherly Rd SE, 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
      55,159 SF

      Huntsville Retail Center Opportunity

      Prime Huntsville storefront space available.
      11220 Memorial Pkwy, Huntsville, AL 35803
      View Details
    • 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

      Huntsville Warehouse Space Available

      Warehouse space for rent in Huntsville, Alabama.
      110 Green Cove Rd Southeast, Huntsville, AL 35803
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1403 Weatherly SE Plz
    Huntsville, AL 35803-2637
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1403 Weatherly SE Plz, Huntsville, AL, 35803
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!