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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2308 Meridian St North Huntsville, AL 35811

    • Warehouses
    • 56,880 SF
    • 9.52 lot acres
    For Lease
    View listing
    $5 SF/Yr
    Last Sale
    Apr 24, 2020
    $2,350,000
    Value Estimations
    $2,815,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0969110
    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

    • Wilkie's Trucking / Trucking Company
    • Apex Packaging & Industrial Supply LLC / Big Box & Wholesale Store
    • Access Garage Doors of Huntsville / Building Supply / General Contractor
    • PODS Moving & Storage / Moving Company / Storage Facility
    • M M Interiors Inc / Interior Design / Home Decor Store

    Property Details for 2308 Meridian St North

    Year built
    1960
    Lot size
    9.52 lot acres
    Property size
    56,880 SF
    Property type
    Warehouses
    APN
    14-07-25-1-001-005.000
    APU
    1407251001005000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,110,000
      ML approach
      $2,900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,554,000
      Market price range: $2.45M - $6.29M
      AI Estimate
      $2,639,000
      Market price range: $1.65M - $4.22M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,800,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,730,000
      Change: -2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5793
    Latitude
    34.7534
    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
    $24,734
    $121,960
    $304,480
    $426,440
    -
    $609,800
    $1,522,400
    $2,132,200

    Comparable in this City

    • Value Estimation
      $1,300,000
      15,000 SF

      2327 Meridian N St

      WAREHOUSE, STORAGE • 15,000 SF
      2327 Meridian N St, Huntsville, AL 35811-1840
      View Details
    • Value Estimation by Request
      33,120 SF

      4905 Moores Ml Rd

      WAREHOUSE, STORAGE • 33,120 SF
      4905 Moores Ml Rd, Huntsville, AL 35811-1511
      View Details
    • Value Estimation by Request
      7,500 SF

      2341 Dug Hl Rd

      WAREHOUSE, STORAGE • 7,500 SF
      2341 Dug Hl Rd, Huntsville, AL 35811
      View Details
    • Value Estimation by Request
      1,408 SF

      613 Oakwood NW Ave

      WAREHOUSE, STORAGE • 1,408 SF
      613 Oakwood NW Ave, Huntsville, AL 35811-1625
      View Details
    • Value Estimation by Request
      5,625 SF

      125 Wholesale NE Ave

      WAREHOUSE, STORAGE • 5,625 SF
      125 Wholesale NE Ave, Huntsville, AL 35811-1517
      View Details
    • Value Estimation
      $2,850,000
      5,480 SF

      850 Winchester NE Rd

      WAREHOUSE, STORAGE • 5,480 SF
      850 Winchester NE Rd, Huntsville, AL 35811-1040
      View Details

    Similar Nearby for Sale

    • $2,000,000

      New Market Warehouse and Land

      26-acre property with warehouse and barn near Maysville Road.
      4465 Maysville Rd NE, Huntsville, AL 35811
      View Details
    • $12,500,000
      93,812 SF

      Huntsville Manufacturing Facility

      93,812 SF Industrial Building, $12.5M
      3333 Stanwood Blvd, Huntsville, AL 35811
      View Details
    • $484,000
      1.22 Acres

      Huntsville Retail Lot - C-4 Zoning

      Prime Huntsville location, 1.22 acres, C-4 zoning.
      0 Shields Rd, Huntsville, AL 35811
      View Details
    • $3,215,000

      Huntsville Development Opportunity on Highway

      5.68+/- acres with high visibility and income potential.
      Highway 72 E, Huntsville, AL 35811
      View Details
    • $125,000
      0.25 Acres

      Residential Land in Huntsville, AL

      Fully prepped lot ready for a custom home.
      Hawks Way, Huntsville, AL 35811
      View Details
    • Contact for pricing
      0.96 Acres

      Huntsville Commercial Land

      Prime Mixed-Use Lots, Hwy 72
      0 Old Gurley Rd, Huntsville, AL 35811
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr

      Huntsville Warehouse and Yard Space

      Multi-building storage facility with convenient access to major thoroughfares.
      2308 Meridian St North, Huntsville, AL 35811
      View Details
    • $9 SF/Yr
      46,750 SF

      Huntsville Industrial Flex Space

      10-acre flex space, 46,750 sqft
      3415 Stanwood Blvd, Huntsville, AL 35811
      View Details
    • Contact for pricing
      46,750 SF

      Huntsville Industrial Facility with Expansion

      Adaptable industrial facility in Chase Industrial Park with expansion potential.
      3415 Stanwood Blvd NE, Huntsville, AL 35811
      View Details
    • Contact for pricing
      1 SF

      Huntsville Executive Office Suites

      Modern Suites, Prime Location, 3 Spaces Available
      2317 Meridian St, Huntsville, AL 35811
      View Details
    • $18 SF/Yr
      80,741 SF

      Lincoln Center Retail Space

      Huntsville, AL retail center: prime location, flexible space.
      200 Oakwood Ave, Huntsville, AL 35811
      View Details
    • $13 SF/Yr
      6,000 SF

      Huntsville Medical Office Space

      1,416 sq ft Medical Office Suite Available
      5107 Moores Mill Rd, Huntsville, AL 35811
      View Details
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    Huntsville, AL 35811
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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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