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    Property profile & analytics

    2005 Bob Wallace SW Ave Huntsville, AL 35805-4708

    • Investment properties
    • 11,009 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimation
    $1,075,000
    Last Sale
    Aug 19, 2022
    $810,700
    Location Intelligence
    Property ID
    US03-0776390
    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

    • HOA Resources LLC / Corporate Office
    • TWO OAKS BUILDING COMPANY / Home Builder

    Property Details for 2005 Bob Wallace SW Ave

    Year built
    1958
    Construction
    MIXED
    Lot size
    0.62 lot acres
    Property size
    11,009 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    17-01-11-1-000-022.000
    APU
    1701111000022000

    Description

    This exceptional 5,350-square-foot single-tenant office space is ideally situated at 2005 Bob Wallace Ave SW in Huntsville, Alabama. Built in 1960 and extensively renovated in 2019, this Class B property boasts upscale finishes throughout its one-story layout. The building sits on a 0.62-acre lot and offers ample parking with 15 spaces. Its convenient location provides easy access to key Huntsville areas, including The Shops at Merchants Walk (including Whole Foods), the vibrant Downtown area, the Medical District, Joe Davis Stadium, the Airport Road Corridor, and Redstone Arsenal. The property is zoned H-I and features a total building area of 5,350 square feet, all of which is currently vacant and ready for immediate occupancy. The property's Madison County location, within the Huntsville submarket, and its proximity to thriving commercial centers make it an attractive option for businesses seeking a well-maintained, modern office space in a dynamic and rapidly developing area. The APN is 17-01-11-1-000-022.000 and the zip code is 35805. This is a rare opportunity to secure a fully renovated, single-story office building in a highly desirable Huntsville location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $935,000
      6.5%
      $840,000
      7%
      $900,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $930,000
      Geo Method
      $950,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $865,000
      Retail
      $785,000
      Mixed-Use
      $980,000
      Hospitality
      $1,060,000
      Educational
      $785,000
      Residential Income
      $1,020,000
      Energy
      $815,000
      Income-Based Land
      $830,000
      Food Service
      $955,000

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5921
    Latitude
    34.7107
    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
    $7,177
    $10,800
    $112,940
    $123,740
    -
    $54,000
    $564,700
    $618,700

    Comparable in this City

    • Value Estimation
      $510,000
      1,152 SF

      2211 Seminole SW Dr

      STORE/OFFICE (MIXED USE) • 1,152 SF
      2211 Seminole SW Dr, Huntsville, AL 35805-3848
      View Details
    • Value Estimation
      $560,000
      2.38 Acres

      Newby Rd

      STORE/OFFICE (MIXED USE) • 2.38 Acres
      Newby Rd, Huntsville, AL 35805
      View Details
    • Value Estimation by Request
      0.61 Acres

      2827 Newby SW Rd

      STORE/OFFICE (MIXED USE) • 0.61 Acres
      2827 Newby SW Rd, Huntsville, AL 35805-4704
      View Details
    • Value Estimation by Request
      254 SF

      2214 Clinton W Ave

      STORE/OFFICE (MIXED USE) • 254 SF
      2214 Clinton W Ave, Huntsville, AL 35805
      View Details
    • Value Estimation
      $545,000
      9,166 SF

      3306 Governors SW Dr

      STORE/OFFICE (MIXED USE) • 9,166 SF
      3306 Governors SW Dr, Huntsville, AL 35805-3634
      View Details
    • Value Estimation
      $355,000
      5,129 SF

      3011 Bob Wallace SW Ave

      STORE/OFFICE (MIXED USE) • 5,129 SF
      3011 Bob Wallace SW Ave, Huntsville, AL 35805-4001
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • $2,850 /Mo

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      Commercial Space with Residential Units

      Commercial space available on ground floor with residential units above.
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    Huntsville, AL 35805-4708
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    Realmo Value Estimation

    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.

    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.

    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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