Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2238 Cecil Ashburn SE Dr Huntsville, AL 35802-2585

    • Assisted living facilities
    • 79,604 SF
    • 2.62 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2025
    $13,100,000
    Value Estimations
    $11,490,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2164739
    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

    • Thrive at Jones Farm / Nursing Home / Retirement Community
    • Restore Outpatient at Thrive Huntsville / Physician

    Property Details for 2238 Cecil Ashburn SE Dr

    Year built
    2017
    Lot size
    2.62 lot acres
    Property size
    79,604 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    18-05-21-0-000-006.009-CONDO
    APU
    1805210000006009CONDO

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,180,000
      ML approach
      $8,570,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $11,145,000
      MEDICAL BUILDING
      $9,375,000
      RESTAURANT
      $8,915,000
      OFFICE BUILDING
      $7,400,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5331
    Latitude
    34.6728
    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
    $121,299
    $304,640
    $1,786,720
    $2,091,360
    -
    $1,523,200
    $8,933,600
    $10,456,800

    Comparable in this City

    • Value Estimation
      $3,175,000
      86,928 SF

      2815 Carl T Jones SE Dr

      HOMES (RETIRED, NURSING) • 86,928 SF
      2815 Carl T Jones SE Dr, Huntsville, AL 35802-1258
      View Details
    • Value Estimation
      $4,035,000
      44,364 SF

      8020 Benaroya SW Ln

      HOMES (RETIRED, NURSING) • 44,364 SF
      8020 Benaroya SW Ln, Huntsville, AL 35802-4456
      View Details
    • Value Estimation
      $565,000
      7,566 SF

      4200 Chris SW Dr

      HOMES (RETIRED, NURSING) • 7,566 SF
      4200 Chris SW Dr, Huntsville, AL 35802-4197
      View Details
    • Value Estimation
      $1,215,000
      36,767 SF

      4010 Chris SW Dr

      HOMES (RETIRED, NURSING) • 36,767 SF
      4010 Chris SW Dr, Huntsville, AL 35802-4189
      View Details
    • Value Estimation
      $645,000
      9,410 SF

      3607 Whitesburg SE Dr

      HOMES (RETIRED, NURSING) • 9,410 SF
      3607 Whitesburg SE Dr, Huntsville, AL 35802-1041
      View Details
    • Value Estimation by Request
      1.30 Acres

      Carl T Jones Dr

      MEDICAL BUILDING • 1.30 Acres
      Carl T Jones Dr, Huntsville, AL 35802
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Huntsville Commercial Land Parcel

      Jones Valley buildable pad, 31,450 SF
      1305 Four Mile Post Rd, Huntsville, AL 35802
      View Details
    • Contact for pricing
      24,000 SF

      Huntsville Commercial Land - 24,000 SF

      Prime Huntsville commercial land, two buildable pads.
      2230 Cecil Ashburn Dr, Huntsville, AL 35802
      View Details
    • $282,000
      0.61 Acres

      Residential Land in Gated Community

      Residential land in a gated community with stunning views.
      28 Ridge Dr South, Huntsville, AL 35802
      View Details
    • $352,000
      0.63 Acres

      Residential Land in Gated Community

      Residential land in Huntsville's premier golf course community.
      14 Ridge Dr South, Huntsville, AL 35802
      View Details
    • $310,000
      0.69 Acres

      Residential Land in Gated Community

      Residential land in Huntsville's premier golf course community.
      16 Ridge Dr South, Huntsville, AL 35802
      View Details
    • $580,000
      0.24 Acres

      Corner Lot in The Ledges

      Corner lot ready for construction in The Ledges.
      66 Ledge View Dr SE, Huntsville, AL 35802
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,531 SF

      The Jessam on the Park: Huntsville Retail

      Huntsville retail space, prime location.
      0 Haysland Rd, Huntsville, AL 35802
      View Details
    • Contact for pricing
      53,534 SF

      Mayfair Professional Center: Premier Office Space

      Class A Office Suites, Huntsville, AL
      4700 Whitesburg Dr, Huntsville, AL 35802
      View Details
    • Contact for pricing
      26,090 SF

      Huntsville Office Suite - 4,250 SF

      Prime Huntsville office space, recently renovated.
      8300 Whitesburg Dr, Huntsville, AL 35802
      View Details
    • Contact for pricing
      48,098 SF

      5000 Whitesburg Dr

      Retail properties • 48,098 SF
      5000 Whitesburg Dr, Huntsville, AL 35802
      View Details
    • $26 SF/Yr
      15,900 SF

      Jones Valley Retail Center

      Huntsville Retail Space Available
      2030 Cecil Ashburn Dr, Huntsville, AL 35802
      View Details
    • Contact for pricing
      11,675 SF

      Huntsville Office Space For Lease

      New 2024 Office Building, Prime Location
      2626 Carl T Jones Dr, Huntsville, AL 35802
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2238 Cecil Ashburn SE Dr
    Huntsville, AL 35802-2585
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.