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    2112 Memorial Pkwy Huntsville, AL 35801
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    Property profile & analytics

    2112 Memorial Pkwy, Huntsville, AL 35801

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    • Medical Office Space
    • 7,884 SF
    Off-Market
    Property ID
    US03-0941627
    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

    • Medical Office Space

    Property Details for 2112 Memorial Pkwy

    Property type
    Medical Office Space

    Description

    This 7,884 square foot freestanding medical office building is ideally located in Huntsville, Alabama, at 2112 Memorial Parkway SW, in Madison County, zip code 35801. The property boasts a convenient location, offering easy access to the Huntsville Medical District and a short, approximately five-minute drive to Interstate 565. Previously utilized as a veterinary office, the building is well-suited for a variety of medical uses. Features include ample waiting and reception areas, designed to accommodate patient flow, and several dedicated medical exam rooms. The property also includes a fenced-in exterior area, providing additional security and potential for outdoor use. This building presents a unique opportunity for medical professionals seeking a well-established and conveniently located space to establish or expand their practice. The property's size and features make it suitable for a range of medical specialties. Its proximity to major roadways and the medical district ensures high visibility and accessibility for patients and staff. The existing infrastructure and layout offer immediate occupancy potential, minimizing the need for extensive renovations. This turnkey solution allows for a swift transition and immediate commencement of operations.

    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
    -86.5931881
    Latitude
    34.7179129

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      Huntsville Redevelopment Opportunity

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      Medical Office Near Crestwood Center

      Medical office space for sale or lease in Huntsville, Alabama.
      333 Whitesport Dr, Huntsville, AL 35801
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      Huntsville Redevelopment Opportunity

      6.10-acre property with redevelopment potential in Huntsville, Alabama.
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      1,380 SF

      Income-Producing Duplex with Value-Add Potential

      Income-producing duplex with long-term tenants and value-add potential.
      805 Mckinley Ave NE, Huntsville, AL 35801
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      Income-Producing Duplex with Value-Add Potential

      Income-producing duplex with long-term tenants and value-add potential.
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      Historic Yarbrough Office Building

      Boutique office building in downtown Huntsville entertainment district.
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      Modern Office with Open Design

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    Similar Nearby for Lease

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      Huntsville Medical Office Space Available

      Two-story medical office building with high visibility and accessibility.
      1311 Memorial Pkwy NW, Huntsville, AL 35801
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      New Building on South Parkway

      New 7,600 SF building suitable for office, medical, retail.
      3409 Memorial Pkwy SW, Huntsville, AL 35801
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      Centralized Location with Controlled Access

      Multiple lease options available in a centralized location.
      501 Madison St, Huntsville, AL 35801
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      Commercial Space Available

      Commercial space for rent at 401 Meridian St N.
      401 Meridian St N, Huntsville, AL 35801
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      Flexible Property on Memorial Parkway

      Adaptable space for industrial, warehouse, office, or service-oriented businesses.
      2518 Memorial Pkwy SW, Huntsville, AL 35801
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      Mixed-Use Property with Warehouse

      Office/retail with warehouse, roll-up door, and side load dock.
      3055 Leeman Ferry Rd SW, Huntsville, AL 35801
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    Huntsville, AL 35801
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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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