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    200 Oakwood NE Ave Huntsville, AL 35811-1963
    Property profile & analytics

    200 Oakwood NE Ave, Huntsville, AL 35811-1963

    View on Map
    • Strip malls
    • 6,600 SF
    • 8.58 lot acres
    Off-Market
    Last Sale Jan 12, 2024
    $4,900,000
    Property ID
    US03-0846326
    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
    $4,900,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Roses Discount Store / Discount Store
    • Cinco de Mayo / Restaurant
    • Envy Entertainment & Restaurant / Bar & Pub / Restaurant
    • Improv Entertainment / Theater & Performing Art Venue / Music Venue
    • Loan Till Payday Online / Loan Service

    Property Details for 200 Oakwood NE Ave

    Year built
    1984
    Construction
    WOOD
    Lot size
    8.58 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    14-07-25-3-001-002.000
    APU
    1407253001002000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 12, 2024 $4,900,000 Mpg 200 Oakwood Avenue LLC West Huntsville Land Company Special Warranty Deed —

    Description

    Lincoln Center, a thriving 80,741 square foot neighborhood retail center in Huntsville, Alabama, offers exceptional opportunities for businesses seeking high visibility and convenient access. Located at 200 Oakwood Ave NE, 35811, this property boasts an 8.58-acre lot and provides 400 parking spaces for ample customer convenience. The center enjoys excellent accessibility, situated beside the I-565 on-ramp, offering easy connectivity to Highway 72 and Downtown Huntsville. This strategic location places businesses within reach of a substantial customer base in a growing retail corridor. Currently, there is 12,600 square feet of vacant space available, divisible into units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 6,600 square feet, catering to a variety of business needs. Lincoln Center is experiencing significant growth, recently welcoming new tenants including Krab Kingz, Wave Restaurant & Lounge, Mexibbean Island Grill, and a local art and tattoo studio. Further enhancing the area's appeal, the adjacent Lincoln Mill, a 215,000 square foot former cotton mill, is undergoing a major redevelopment project, adding office, restaurant, and retail spaces, along with approximately 400 additional parking spaces. This revitalization project promises to further boost foot traffic and create a vibrant mixed-use environment. This is a rare opportunity to establish a presence in a dynamic and rapidly developing retail hub.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,900,000
      ML approach
      $4,900,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5817
    Latitude
    34.7484
    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
    $45,807
    $157,020
    $632,760
    $789,780
    -
    $785,100
    $3,163,800
    $3,948,900

    Comparable in this City

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      83,353 SF

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    • Value Estimation
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      78,256 SF

      2246 Winchester NE Rd

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    • Value Estimation
      $595,000
      28,044 SF

      4701 Meridian N St

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
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      18,405 SF

      2722 Park NW Dr

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    • Value Estimation by Request
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      WHOLESALE OUTLET, DISCOUNT STORE
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    • Value Estimation by Request
      5,000 SF

      429 Shields Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      429 Shields Rd, Huntsville, AL 35811-8943
      View Details

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      Well-located, equipped convenience store with recent updates.
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    Similar Nearby for Lease

    • Contact for pricing

      Huntsville Retail Center Space Available

      Retail spaces available in high-visibility Huntsville location near I-565.
      200 Oakwood Ave NE, Huntsville, AL 35811
      View Details
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      Huntsville Retail Center For Sale

      80,741 SF retail center with high visibility and ample parking.
      200 Oakwood Ave NE, Huntsville, AL 35811
      View Details
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      Huntsville Retail Center with Visibility

      Retail center in growing corridor with easy highway access.
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    • $40 SF/Yr
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      Huntsville Retail Space For Lease

      Prime Huntsville location, 2600 sq ft available.
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      Retail Center on Winchester Road

      Retail center with end suites available for rent.
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      Huntsville Warehouse and Yard Space

      Multi-building storage facility with convenient access to major thoroughfares.
      2308 Meridian St North, Huntsville, AL 35811
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    Huntsville, AL 35811-1963
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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.

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