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

    2317 Meridian St Huntsville, AL 35811

    • Office buildings
    • 5,000 SF
    • 4.00 lot acres
    For Lease
    View listing
    Last Sale
    Jun 14, 2024
    $1,020,000
    Value Estimations
    $1,020,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0337132
    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

    • Mil-Spec Coatings Inc / Military Base
    • Mann Interiors / Interior Design / Home Decor Store
    • Clean Solutions / Janitorial Service / Carpet Cleaning Service
    • Metro Painting and Roofing / Painting / Carpenter
    • Cajun Bandit / Industrial Manufacturer / Production Facility

    Property Details for 2317 Meridian St

    Year built
    2001
    Lot size
    4.00 lot acres
    Property size
    5,000 SF
    Property type
    Office buildings
    APN
    14-07-25-1-001-017.000
    APU
    1407251001017000

    Description

    This newly remodeled multi-tenant office and warehouse property, known as "the Workplace," offers three available executive office suites in Huntsville, Alabama. Located at 2317 Meridian Street North, this property provides convenient access to I-565 via Oakwood Avenue and is situated near downtown Huntsville. The available spaces range in size from 1,000 to 1,640 square feet, making them ideal for a variety of small service-related businesses. The building is classified as both office and industrial space, and the current tenancy is multiple. The property is situated in Madison County, Alabama, with a zip code of 35811. The building's total square footage is 1 square foot (this is likely an error in the provided data and should be clarified with the property owner). The currently vacant square footage is also listed as 1 square foot (this is likely an error in the provided data and should be clarified with the property owner). This location offers a blend of modern amenities and a strategic position for businesses seeking a presence in Huntsville's thriving commercial landscape. Interested parties should inquire for further details regarding lease terms and specific suite availability. The property's convenient location and newly remodeled spaces present a compelling opportunity for businesses seeking efficient and well-appointed office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,020,000
      ML approach
      $1,020,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,135,000
      6.5%
      $1,050,000
      7%
      $975,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,324,000
      Market price range: $460k - $1.32M
      AI Estimate
      $1,241,000
      Market price range: $355k - $1.24M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $795,000
      Current use
      MEDICAL BUILDING
      $1,010,000
      Change: +27% Conversion: Easy
      RETAIL STORES
      $770,000
      Change: -3% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $740,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5815
    Latitude
    34.7544
    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
    $23,209
    $58,880
    $341,280
    $400,160
    -
    $294,400
    $1,706,400
    $2,000,800

    Comparable in this City

    • Value Estimation by Request
      2,250 SF

      700 Columbian NE Ln

      OFFICE BUILDING • 2,250 SF
      700 Columbian NE Ln, Huntsville, AL 35811
      View Details
    • Value Estimation by Request
      3,204 SF

      1060 Winchester NE Rd

      OFFICE BUILDING • 3,204 SF
      1060 Winchester NE Rd, Huntsville, AL 35811-8904
      View Details
    • Value Estimation
      $22,080,000
      218,890 SF

      1619 Hwy 72nd E

      OFFICE BUILDING • 218,890 SF
      1619 Hwy 72nd E, Huntsville, AL 35811-9658
      View Details
    • Value Estimation by Request
      1,160 SF

      116 Oakwood NW Ave

      OFFICE BUILDING • 1,160 SF
      116 Oakwood NW Ave, Huntsville, AL 35811-1824
      View Details
    • Value Estimation by Request
      4,470 SF

      5175 Moores Ml Rd

      OFFICE BUILDING • 4,470 SF
      5175 Moores Ml Rd, Huntsville, AL 35811-1007
      View Details
    • Value Estimation by Request
      2,400 SF

      308 Oakwood NW Ave

      OFFICE BUILDING • 2,400 SF
      308 Oakwood NW Ave, Huntsville, AL 35811-1737
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      9,000 SF

      Huntsville Commercial Office Space

      Newly renovated office space perfect for small professional services.
      117 Wholesale Ave NE, Huntsville, AL 35811
      View Details
    • Contact for pricing
      2,848 SF

      Huntsville Office Suite - Oakwood Ave.

      Class B Office, Newly Renovated, 2,848 sq ft
      1008 Oakwood Ave, Huntsville, AL 35811
      View Details
    • Contact for pricing

      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
      239,964 SF

      Class A Apartment Asset

      Completed in 2022, located near Downtown Huntsville, Alabama.
      314 Old Gurley Rd NE, Huntsville, AL 35811
      View Details
    • $499,500
      11.28 Acres

      Huntsville Residential Land - 11 Acres

      Prime 11-acre residential lot in NE Huntsville.
      0 Toby Dr, Huntsville, AL 35811
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Huntsville Executive Office Suites

      Modern Suites, Prime Location, 3 Spaces Available
      2317 Meridian St, 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
    • $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
    • $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
    • Contact for pricing
      21,200 SF

      Winchester Plaza Retail Space

      High-growth area retail opportunity.
      2115 Winchester Rd, Huntsville, AL 35811
      View Details
    • $40 SF/Yr
      2,600 SF

      Huntsville Retail Space For Lease

      Prime Huntsville location, 2600 sq ft available.
      0 Huntsville Al, Huntsville, AL 35811
      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.
    2317 Meridian St
    Huntsville, AL 35811
    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.