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    2250 Sparkman NW Dr Huntsville, AL 35810-4907
    Property profile & analytics

    2250 Sparkman NW Dr Huntsville, AL 35810-4907

    View on Map
    • Strip malls
    • 43,018 SF
    • 7.57 lot acres
    Off-Market
    Last Sale Jan 22, 2025
    Property ID
    US03-0984082
    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
    $2,065,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ABC SELECT SPIRITS / (Bike/Boat/Book/etc) Store
    • T-Mobile Authorized Retailer / Telecommunications Service / Data Center
    • Rent-A-Center / Furniture & Home Goods / Home Decor Store
    • GameStop / Arcade & Gaming Center / Electronics & Wireless Store
    • Hibbett Sports / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store

    Property Details for 2250 Sparkman NW Dr

    Year built
    2006
    Lot size
    7.57 lot acres
    Property size
    43,018 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    14-06-23-1-002-077.001
    APU
    1406231002077001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,685,000
      Current use
      COMMERCIAL (GENERAL)
      $2,955,000
      Change: +75% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,880,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5949
    Latitude
    34.7649
    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
    $78,448
    $263,940
    $1,088,620
    $1,352,560
    -
    $1,319,700
    $5,443,100
    $6,762,800

    Comparable in this City

    • Value Estimation
      $1,260,000
      64,068 SF

      3700 Blue Spg NW Rd

      SHOPPING CENTER, STRIP CENTER • 64,068 SF
      3700 Blue Spg NW Rd, Huntsville, AL 35810-3479
      View Details
    • Value Estimation by Request
      11,650 SF

      11041 Hwy 662nd N

      SHOPPING CENTER, STRIP CENTER • 11,650 SF
      11041 Hwy 662nd N, Huntsville, AL 35810
      View Details
    • Value Estimation by Request
      2,970 SF

      2590 Sparkman NW Dr

      SHOPPING CENTER, STRIP CENTER • 2,970 SF
      2590 Sparkman NW Dr, Huntsville, AL 35810-3809
      View Details
    • Value Estimation
      $1,400,000
      36,344 SF

      3505 Pulaski NW Pike

      SHOPPING CENTER, STRIP CENTER • 36,344 SF
      3505 Pulaski NW Pike, Huntsville, AL 35810-2657
      View Details
    • Value Estimation
      $825,000
      22,590 SF

      2105 Mastin Lk NW Rd

      SHOPPING CENTER, STRIP CENTER • 22,590 SF
      2105 Mastin Lk NW Rd, Huntsville, AL 35810-2871
      View Details
    • Value Estimation by Request
      13,725 SF

      2007 Memorial NW Pkwy

      SHOPPING CENTER, STRIP CENTER • 13,725 SF
      2007 Memorial NW Pkwy, Huntsville, AL 35810-4509
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,210 SF

      Adaptable Industrial-Retail Space For Sale

      Versatile property with retail storefront and warehouse space in Huntsville.
      3724 Blue Spring Rd NW, Huntsville, AL 35810
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    • Contact for pricing

      10116 N Memorial Pkwy, Huntsville, AL 35810

      Commercial land
      10116 N Memorial Pkwy, Huntsville, AL 35810
      View Details
    • $675,000
      4,075 SF

      Huntsville Commercial Property For Sale

      Versatile commercial property suitable for retail, office, or investment.
      5978 Pulaski Pike NW, Huntsville, AL 35810
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    • $319,000

      Commercial Property on Pulaski Pike

      Versatile commercial property suitable for retail, office, or investment.
      5978 Pulaski Ct NW Pike, Huntsville, AL 35810
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    • $54,899

      Land For Sale Huntsville

      Land available in Huntsville, Alabama.
      4411 Lakeview Dr NW, Huntsville, AL 35810
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    • $987,500
      19.95 Acres

      Huntsville Land For Sale

      19.95 acre wooded land parcel in Huntsville, Alabama.
      6269 Pulaski Pike, Huntsville, AL 35810
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,440 SF

      Huntsville Commons Retail Space

      Prime Retail Space near Walmart
      2200 Sparkman Dr, Huntsville, AL 35810
      View Details
    • Contact for pricing

      Neighborhood Center Anchored by Dollar General

      Neighborhood center anchored by Dollar General Market and Vital Smiles.
      3700 Blue Spring Rd NW, Huntsville, AL 35810
      View Details
    • Contact for pricing

      High-Visibility Retail Space Available

      Retail and service center with suites from 514-5,165 SF.
      3000 N Memorial Pkwy, Huntsville, AL 35810
      View Details
    • $1,500 /Mo
      11,700 SF

      Huntsville Office/Retail Plaza For Rent

      Multi-tenant plaza with leasable space, strong visibility, and on-site parking.
      4206 NW Oakwood Ave, Huntsville, AL 35810
      View Details
    • Contact for pricing

      Huntsville Retail Space Available

      Retail space available, 4,800 SqFt in Huntsville, Alabama.
      3423 Pulaski Pike NW, Huntsville, AL 35810
      View Details
    • Contact for pricing

      Retail Space on Memorial Parkway

      Retail space for lease in North Huntsville with high visibility.
      2417 Memorial Pkwy NW, Huntsville, AL 35810
      View Details

    Property Visit Statistics

    • Visits by month
      17.8k
    • Visitors by month
      12.0k
    • Avg Time on site
      16 min
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    Huntsville, AL 35810-4907
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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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