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    255 Short Pike SW Rd Huntsville, AL 35824-1003
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    Property profile & analytics

    255 Short Pike SW Rd, Huntsville, AL 35824-1003

    View on Map
    • Distribution centers
    • 208,750 SF
    • 16.00 lot acres
    Off-Market
    Last Sale Nov 13, 2020
    $13,619,488
    Property ID
    US03-0699868
    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
    $13,275,000
    Show details
    Cap Rate Potential
    8.3%
    Distribution centers
    Location Intelligence

    Current Use by Public Records

    • Perez Services Inc / Construction Company / General Contractor
    • Navistar, Inc. Warehouse / Warehouse & Storage

    Property Details for 255 Short Pike SW Rd

    Year built
    2007
    Lot size
    16.00 lot acres
    Property type
    Distribution centers
    APN
    16-09-29-0-000-004.001
    APU
    1609290000004001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 12, 2025 — Es 19925 Independence LLC — Deed · related $655M · Rbc Real Estate Capital Corp
    Nov 13, 2020 $13,619,488 Es 255 Short Pike LLC Gcp-adc Huntsville One LLC Warranty Deed —
    Dec 5, 2017 — Gcp-adc Huntsville One LLC — Grant Deed · related $60M · Miscellaneous Ins Co
    Jan 27, 2017 — Gcp-adc Huntsville One LLC — Loan Modification · related $200M · Wells Fargo Bk
    Oct 9, 2013 $8,000 Moody Commerce Park One LLC Centennial Casualty Co Warranty Deed —
    Oct 9, 2013 $23,000 Adc-mt LLC Airport Distribution Center Ll Warranty Deed —
    Oct 9, 2013 $72,231,000 Gcp-adc Huntsville One LLC Moody Commerce Park One LLC Trustees Deed $72.2M · Wfb NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $18,015,000
      ML approach
      $11,895,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,965,000
      Market price range: $9.00M - $23.1M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $13,955,000
      Current use
      INDUSTRIAL (GENERAL)
      $13,690,000
      Change: -2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.7607
    Latitude
    34.6647
    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
    $106,155
    $140,800
    $1,689,460
    $1,830,260
    -
    $704,000
    $8,447,300
    $9,151,300

    Comparable in this City

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      DISTRIBUTION WAREHOUSE
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      1895 Remington Trl

      Life science properties
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    • Value Estimation
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      71,788 SF

      2903 Wall Triana SW Hwy

      DISTRIBUTION WAREHOUSE
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    • Value Estimation by Request
      9,100 SF

      103 Jetplex SW Blvd

      DISTRIBUTION WAREHOUSE
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      View Details

    Similar Nearby for Sale

    • Contact for pricing
      348,000 SF

      Office/Warehouse/Production Space in Huntsville

      Office, warehouse, and production space in Jetplex Industrial Park.
      1840 SW Remington Trl, Huntsville, AL 35824
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Wall Triana Hwy SW, Madison, AL 35824
      View Details
    • $750,000
      2.65 Acres

      Huntsville Commercial Acreage For Sale

      Commercial acreage in fast-growing city, suitable for various businesses.
      233 Williams Cir SW, Huntsville, AL 35824
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Martin Rd SW, Huntsville, AL 35824
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      172,000 SF

      Jetport Industrial Center Lease

      Huntsville, AL: Class A Flex Space
      1895 Remington Trl, 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
    • Contact for pricing

      Huntsville Industrial & Office Space

      102,100 SF industrial and office space available for lease.
      1000 James Record Rd SW, Huntsville, AL 35824
      View Details
    • Contact for pricing

      Huntsville Industrial Building with Showroom

      18,164 SF industrial building with warehouse and showroom space.
      350 Southwest Electronics Blvd, Huntsville, AL 35824
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease.
      Wall Triana Hwy SW, Madison, AL 35824
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease.
      Martin Rd SW, Huntsville, AL 35824
      View Details
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    255 Short Pike SW Rd
    Huntsville, AL 35824-1003
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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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    255 Short Pike SW Rd, Huntsville, AL, 35824
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