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Property profile & analytics
FOR LEASE
Strip malls

1407 Memorial Pkwy NW Huntsville, AL 35801

44,430 SF 7 ac lot Built 1965
Entity Owned 7-yr Hold Free & Clear
Property ID
US03-1813012
Property summary
AI-generated overview

Oak Park Shopping Center, located at 1407 Memorial Pkwy NW, Huntsville, AL 35801, presents a prime retail opportunity in a bustling Alabama market. This established shopping center offers a total of 67,426 square feet of retail space, with multiple tenancies currently in place. For prospective tenants, there are two spaces immediately available, ranging from a minimum of 2,000 square feet to a maximum contiguous space of 7,360 square feet. A total of 9,360 square feet is currently vacant, providing flexibility for businesses of varying sizes. The strategic location at the intersection of Memorial Parkway and Oakwood Avenue ensures high visibility and accessibility for customers. This presents a unique chance to establish or expand a retail presence in a high-traffic area of Huntsville. The property's address is easily accessible and benefits from excellent visibility due to its location on a major thoroughfare. The available spaces are ideal for a variety of retail uses, offering a chance to capitalize on the strong local economy and consumer base. Serious inquiries are encouraged to explore this exceptional retail investment opportunity.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 44,430 SF
Lot 7 ac (304,876 SF)
APN 14-07-26-3-001-002.000
UPID US03-1813012
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
  • Untitled Hair Designs Hair Salon Nail Salon
  • Downtown Rescue Mission Thrift Store Discount Store
  • Health Unlimited Health
  • ORIENTAL MASSAGE Alternative Medicine Practice Spa & Massage Center
  • Up N Smoke #12 (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$845k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$955k
Owner & transaction history
Rtj LLC · 7 yrs held
Rtj LLC
since 2019
1 recorded transaction
2019
$1.6M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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