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    Property profile & analytics
    FOR LEASE
    Warehouses

    223 Washington St NE, Huntsville, AL 35801

    7,500 SF 0.34 ac lot Built 1990
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US03-0435712
    Property summary
    AI-generated overview

    223 Washington Street in Huntsville, Alabama offers exceptional office space in the vibrant Lewter District. This brand-new, five-story mixed-use building, slated for completion in 2025, provides flexible office suites ranging from 2,730 to 27,544 contiguous square feet. The building features a modern design and will be delivered as a "white box," allowing for complete tenant customization. Located in the heart of downtown Huntsville, the property boasts unparalleled walkability to a diverse array of restaurants, shops, and entertainment venues, ensuring a dynamic and convenient work environment. The building's prime location also presents excellent signage opportunities. While the building itself doesn't include on-site parking, ample covered parking is conveniently located within two blocks. The first floor will be dedicated to retail space, complementing the office spaces on floors two through five. The official groundbreaking ceremony for the Lewter District is scheduled for November 20th, 2024. This is a unique opportunity to secure space in a state-of-the-art building in a thriving downtown area. Contact us today to learn more about leasing options and availability.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1990
    Total area 7,500 SF
    Lot 0.34 ac (14,862 SF)
    APN 14-07-36-3-002-019.000
    UPID US03-0435712
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.63M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.68M
    Owner & transaction history
    223 Washington Huntsville LLC · 3 yrs held
    223 Washington Huntsville LLC
    since 2023
    Last sale
    $1.7M
    1 recorded transaction
    2023
    $1.7M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.6M +221.3%
    Office building $1.4M +182.1%
    Commercial (general) $1.1M +121.7%
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    More about this property
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