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

    248 Dunlop SW Blvd Huntsville, AL 35824-1102

    • Office buildings
    • 29,400 SF
    • 80.00 lot acres
    OFF-MARKET
    Value Estimations
    $4,395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0629620
    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

    • Science and Engineering Services / Industrial Manufacturer / Production Facility
    • Science and Engineering Services, LLC / Aviation Consultant
    • Advanced Precision Parts / Logistics Company / Moving Company
    • Mitchell Industrial Contractor / General Contractor
    • Doug Johnson Contracting / Construction Company / General Contractor

    Property Details for 248 Dunlop SW Blvd

    Year built
    1969
    Construction
    MIXED
    Lot size
    80.00 lot acres
    Property size
    29,400 SF
    Property type
    Office buildings
    APN
    16-08-28-0-000-018.000
    APU
    1608280000018000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,741,000
      Market price range: $885k - $2.74M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,680,000
      Current use
      MEDICAL BUILDING
      $5,950,000
      Change: +27% Conversion: Easy
      RETAIL STORES
      $4,520,000
      Change: -3% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $4,355,000
      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
    -86.7468
    Latitude
    34.6637
    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
    $256,246
    $176,000
    $8,225,520
    $8,401,520
    -
    $880,000
    $41,127,600
    $42,007,600

    Comparable in this City

    • Value Estimation
      $4,865,000
      41,315 SF

      700 Martin SW Rd

      OFFICE BUILDING • 41,315 SF
      700 Martin SW Rd, Huntsville, AL 35824-1612
      View Details
    • Value Estimation
      $2,560,000
      16,698 SF

      2865 Wall Triana SW Hwy

      OFFICE BUILDING • 16,698 SF
      2865 Wall Triana SW Hwy, Huntsville, AL 35824-2729
      View Details
    • Value Estimation
      $1,645,000
      10,583 SF

      201 Electronics SW Blvd

      OFFICE BUILDING • 10,583 SF
      201 Electronics SW Blvd, Huntsville, AL 35824-2208
      View Details
    • Value Estimation
      $4,875,000
      17,928 SF

      125 Electronics SW Blvd

      OFFICE BUILDING • 17,928 SF
      125 Electronics SW Blvd, Huntsville, AL 35824-2212
      View Details
    • Value Estimation by Request
      3,060 SF

      114 Houston Goodson Way

      OFFICE BUILDING • 3,060 SF
      114 Houston Goodson Way, Huntsville, AL 35824
      View Details
    • Value Estimation
      $1,225,000
      7,920 SF

      201 James Record SW Rd

      OFFICE BUILDING • 7,920 SF
      201 James Record SW Rd, Huntsville, AL 35824-1513
      View Details

    Similar Nearby for Sale

    • $8,950,000
      63,000 SF

      Executive Office Building, Huntsville AL

      63,000 SF Office, Jetplex Park, $8.95M
      124 Jetplex Blvd, Huntsville, AL 35824
      View Details
    • Contact for pricing
      50.00 Acres

      Huntsville Industrial Land - 50 Acres

      Prime Huntsville acreage, ideal for industrial development.
      0 Wall Triana Hwy, Huntsville, AL 35824
      View Details
    • Contact for pricing

      Highly Visible Retail Outparcels Available

      Retail outparcels available adjacent to Redstone Arsenal Army Base.
      Huntsville, AL 35824
      View Details
    • $894,900
      9.42 Acres

      Huntsville Industrial Land - Airport Near

      9.42 Acres, Rail Access, Prime Location
      0 James Madison Dr, Huntsville, AL 35824
      View Details
    • $164,500

      Residential Lot in Lake Forest

      Cul-de-sac lot ready for a dream home.
      SW Cassine Ct, Huntsville, AL 35824
      View Details
    • Contact for pricing
      2.27 Acres

      Huntsville Commercial Land - 2.27 Acres

      Prime Huntsville location, build-to-suit options.
      0 Zierdt Rd & Grandview Blvd, Huntsville, AL 35824
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      63,000 SF

      Huntsville Executive Office Space

      63,000 SF Office, Ample Parking
      124 Jetplex Blvd, Huntsville, AL 35824
      View Details
    • Contact for pricing
      355,194 SF

      Huntsville Industrial/Office Space

      Large industrial space, flexible lease options.
      1000 James Record Rd, Huntsville, AL 35824
      View Details
    • $6 SF/Yr

      Renovated Industrial Facility in Jetplex

      Versatile industrial and office space in Huntsville's Jetplex Industrial Park.
      1000 James Record Rd SW, Huntsville, AL 35824
      View Details
    • $6 SF/Yr
      172,000 SF

      Jetport Industrial Center Lease

      Huntsville, AL: Class A Flex Space
      1895 Remington Trl, Huntsville, AL 35824
      View Details
    • Contact for pricing
      1 SF

      Huntsville Industrial Land Lease

      50-acre warehouse site, ideal for development.
      0 Wall Triana Hwy, Huntsville, AL 35824
      View Details
    • Contact for pricing

      Huntsville Commercial Land for Lease

      1.65-Acre Lot, Martin Road, Huntsville
      0 Martin Rd, Huntsville, AL 35824
      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.
    248 Dunlop SW Blvd
    Huntsville, AL 35824-1102
    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.