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    1656 Old Monrovia Rd NW Huntsville, AL 35806
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    Property profile & analytics

    1656 Old Monrovia Rd NW Huntsville, AL 35806

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    • Commercial real estate
    • 5.00 lot acres
    For Sale
    $2,200,000
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    Prime Land with Extensive Frontage For Sale
    $2,200,000

    Prime Land with Extensive Frontage

    C-1 zoned land with 1,025' frontage on Old Monrovia Road.

    1656 Old Monrovia Rd NW, Huntsville, AL 35806
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    Property ID
    US03-0350237
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1656 Old Monrovia Rd NW

    Lot size
    5.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5-acre commercial and residential land parcel is strategically located at 1656 Old Monrovia Road NW, Huntsville, AL 35806, in Madison County. Priced at $2,178,000 ($10/sq ft land value), this property offers significant potential for a variety of mixed-use developments. Its prime location provides convenient access to Research Park Boulevard and is just minutes away from the Village of Providence, a vibrant hub featuring numerous restaurants, services, and major retail and entertainment options. The property's proximity to Redstone Arsenal's main entrance and its adjacency to a Publix supermarket further enhance its desirability. This is an unparalleled opportunity to capitalize on the thriving Huntsville market and create a successful venture in a high-demand area. The land's versatility allows for diverse development possibilities, catering to both commercial and residential needs. This location offers easy access to major transportation arteries, ensuring convenient commutes and excellent connectivity for residents and businesses alike. The property's size and location make it an ideal investment for developers seeking a high-growth area with strong potential for return. Don't miss this chance to acquire a prime piece of Huntsville real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.682452323896
    Latitude
    34.757231809489

    Comparable in this City

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      Industrial Land Near Highway 53

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      Corner Lot on Highway 72

      1.60 acre corner lot with highway frontage for sale.
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    Similar Nearby for Sale

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      Commercial land suitable for multifamily development near Research Parkway.
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      544,064 SF

      Prime Commercial Land Opportunity

      12.49+/- acres near Research Park Blvd, Huntsville, AL
      Plummer Rd, Huntsville, AL 35806
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    • $965,000
      4,057 SF

      Mixed-Use Townhouse in Huntsville, AL

      Updated mixed-use townhouse with office and residential spaces for sale.
      63 Town Center Dr, Huntsville, AL 35806
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    • $485,000

      Huntsville Fourplex Investment Opportunity

      Four-unit multifamily property near I-565 and Research Park.
      6207 Friar Tuck Dr NW, Huntsville, AL 35806
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      Industrial Land Near Highway 53

      8.35 acres of industrial land for sale.
      Dan Tibbs Rd, Huntsville, AL 35806
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      Corner Lot on Highway 72

      1.60 acre corner lot with highway frontage for sale.
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    Similar Nearby for Lease

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      40-Acre Site Near Highway

      40+/- acre site for build-to-suit opportunities.
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      Commercial Land For Rent

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      Land Adjacent to Bridge Street

      Land available for ground lease or build to suit.
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      Huntsville Flex Space: Progress Center #7

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      Office Building in Cummings Research

      Professional office building with easy access to major highways.
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      Office Space with Auditorium

      Office space for rent with high-speed internet and auditorium.
      7800 Madison Blvd, Huntsville, AL 35806
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    Huntsville, AL 35806
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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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    1656 Old Monrovia Rd NW, Huntsville, AL, 35806
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