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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1961 Winchester NE Rd Huntsville, AL 35811-7100

    • Investment properties
    • 7,840 SF
    • 1.59 lot acres
    OFF-MARKET
    Last Sale
    Feb 02, 2021
    $655,000
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0448487
    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.

    Current Use by Public Records

    • Pearl Alteration - Tailor, Prom, Bridal & Wedding, Men Suits / (Bike/Boat/Book/etc) Store
    • Wright Medical Inc / Medical Clinic
    • Restaurant Management Systems / Restaurant
    • Daqin Li / Alternative Medicine Practice / Spa & Massage Center
    • Genesis Residential / Department Store

    Property Details for 1961 Winchester NE Rd

    Year built
    2005
    Construction
    WOOD
    Lot size
    1.59 lot acres
    Property size
    7,840 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    08-08-34-4-000-081.000
    APU
    808344000081000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $730,000
      ML approach
      $785,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,160,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5017
    Latitude
    34.8145
    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
    $5,274
    $37,080
    $110,460
    $147,540
    -
    $185,400
    $552,300
    $737,700

    Comparable in this City

    • Value Estimation
      $3,395,000
      5,201 SF

      2191 Winchester NE Rd

      STORE/OFFICE (MIXED USE) • 5,201 SF
      2191 Winchester NE Rd, Huntsville, AL 35811-9198
      View Details
    • Value Estimation
      $695,000
      7,108 SF

      2107 Meridian N St

      STORE/OFFICE (MIXED USE) • 7,108 SF
      2107 Meridian N St, Huntsville, AL 35811-1866
      View Details
    • Value Estimation by Request
      2,352 SF

      5095 Moores Ml Rd

      STORE/OFFICE (MIXED USE) • 2,352 SF
      5095 Moores Ml Rd, Huntsville, AL 35811-1000
      View Details
    • Value Estimation
      $2,435,000
      16,200 SF

      2612 Winchester NE Rd

      STORE/OFFICE (MIXED USE) • 16,200 SF
      2612 Winchester NE Rd, Huntsville, AL 35811-8864
      View Details
    • Value Estimation by Request
      960 SF

      513 Redbud NW Dr

      STORE/OFFICE (MIXED USE) • 960 SF
      513 Redbud NW Dr, Huntsville, AL 35811-1772
      View Details
    • Value Estimation
      $1,100,000
      7,600 SF

      1372 Jordan Rd

      STORE/OFFICE (MIXED USE) • 7,600 SF
      1372 Jordan Rd, Huntsville, AL 35811-9100
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Huntsville Development Opportunity on Highway

      5.68+/- acres with high visibility and income potential.
      Highway 72 E, Huntsville, AL 35811
      View Details
    • $125,000
      0.25 Acres

      Residential Land in Huntsville, AL

      Fully prepped lot ready for a custom home.
      Hawks Way, Huntsville, AL 35811
      View Details
    • Contact for pricing
      239,964 SF

      Class A Apartment Asset

      Completed in 2022, located near Downtown Huntsville, Alabama.
      314 Old Gurley Rd NE, Huntsville, AL 35811
      View Details
    • New
      Contact for pricing
      9,000 SF

      Huntsville Commercial Office Space

      Newly renovated office space perfect for small professional services.
      117 Wholesale Ave NE, Huntsville, AL 35811
      View Details
    • Contact for pricing
      4.05 Acres

      Huntsville Commercial Land Opportunity

      4.05 Acres, High-Traffic Location
      6001 Moores Mill Rd, Huntsville, AL 35811
      View Details
    • Contact for pricing
      5.60 Acres

      Huntsville Commercial Land - High Mountain Rd

      Prime Huntsville land, high growth area, excellent access.
      0 High Mountain Rd, Huntsville, AL 35811
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      80,741 SF

      Lincoln Center Retail Space

      Huntsville, AL retail center: prime location, flexible space.
      200 Oakwood Ave, Huntsville, AL 35811
      View Details
    • $9 SF/Yr
      46,750 SF

      Huntsville Industrial Flex Space

      10-acre flex space, 46,750 sqft
      3415 Stanwood Blvd, Huntsville, AL 35811
      View Details
    • Contact for pricing

      Brownsboro Duplex with Patio

      Two-bedroom duplex with laminate floors, laundry room, and patio.
      703A Wall Rd, Brownsboro, AL 35811
      View Details
    • Contact for pricing
      46,750 SF

      Huntsville Industrial Facility with Expansion

      Adaptable industrial facility in Chase Industrial Park with expansion potential.
      3415 Stanwood Blvd NE, Huntsville, AL 35811
      View Details
    • Contact for pricing
      1 SF

      Huntsville Executive Office Suites

      Modern Suites, Prime Location, 3 Spaces Available
      2317 Meridian St, Huntsville, AL 35811
      View Details
    • Contact for pricing
      21,200 SF

      Winchester Plaza Retail Space

      High-growth area retail opportunity.
      2115 Winchester Rd, Huntsville, AL 35811
      View Details
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    1961 Winchester NE Rd
    Huntsville, AL 35811-7100
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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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