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

    2610 Artie SW St Huntsville, AL 35805-4707

    • Office buildings
    • 6,454 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Aug 12, 2022
    $475,000
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0238294
    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

    • Lamb Commercial Services / Real Estate Agency

    Property Details for 2610 Artie SW St

    Year built
    1973
    Construction
    MIXED
    Lot size
    0.20 lot acres
    Property size
    6,454 SF
    Property type
    Office buildings
    APN
    17-01-11-1-000-013.000
    APU
    1701111000013000

    Description

    This exceptional single-story office building at 2610-2612 Artie Street in Madison County offers 6,452 square feet of versatile space, ideal for executive, traditional, or medical office uses. The property features four suites, with a minimum divisible space of 1,343 square feet and up to 6,452 square feet available contiguously. Modern amenities include ample lighting and well-maintained restroom facilities. Convenient on-site parking is provided, and the location boasts excellent accessibility to major transportation routes and public transportation, ensuring easy commutes for employees and clients. Situated on a 0.33-acre lot (APN: 17-01-11-1-000-013.000), this property presents a prime opportunity for businesses seeking a functional and conveniently located office space. The building's single-story design and multiple suite options offer flexibility for various business needs and sizes. Its strategic location offers significant advantages for attracting clients and employees alike. This is a rare opportunity to acquire a well-maintained and conveniently located office building in a thriving area. Don't miss out on this chance to establish or expand your business in a prime Madison County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $660,000
      ML approach
      $615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $575,000
      Market price range: $575k - $1.38M
      AI Estimate
      $360,000
      Market price range: $233k - $1.20M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $930,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5931
    Latitude
    34.7092
    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
    $3,725
    $3,480
    $60,740
    $64,220
    -
    $17,400
    $303,700
    $321,100

    Comparable in this City

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      119,402 SF

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    • Value Estimation by Request
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      505 Jordan NW Ln

      OFFICE BUILDING • 950 SF
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      893 SF

      3401 8th SW Ave

      OFFICE BUILDING • 893 SF
      3401 8th SW Ave, Huntsville, AL 35805-3617
      View Details
    • Value Estimation
      $10,245,000
      50,400 SF

      4800 Bradford NW Dr

      OFFICE BUILDING • 50,400 SF
      4800 Bradford NW Dr, Huntsville, AL 35805-1949
      View Details
    • Value Estimation by Request
      916 SF

      2010 Seminole SW Dr

      OFFICE BUILDING • 916 SF
      2010 Seminole SW Dr, Huntsville, AL 35805-3810
      View Details
    • Value Estimation by Request
      1,494 SF

      2004 Summer SW St

      OFFICE BUILDING • 1,494 SF
      2004 Summer SW St, Huntsville, AL 35805-3846
      View Details

    Similar Nearby for Sale

    • $750,000
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      Huntsville Office Building For Sale

      Well-maintained 6,624 SF office building in a prime location.
      2611 Artie St SW, Huntsville, AL 35805
      View Details
    • $450,000

      Huntsville Investment Opportunity

      Two office/residential buildings and two storage buildings on 0.37 acres.
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    • $540,000
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      Huntsville Commercial Land For Sale

      Commercial land in redeveloping entertainment district, ideal for shop, office.
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    • $449,900
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      Huntsville Commercial Corner Lot

      Corner lot near Stovehouse, suitable for office or service shop.
      200 8Th St NW, Huntsville, AL 35805
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      184,811 SF

      Huntsville Office/R&D Park

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      45,000 SF

      Technology Drive Office/Lab Space

      Contiguous office and lab space in Huntsville's Research Park.
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    Similar Nearby for Lease

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      Premier Office Space in Huntsville

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    • $12,375 /Mo
      140,000 SF

      Huntsville Office Building For Rent

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    • $21 SF/Yr
      134,318 SF

      Intuitive Center: Huntsville Office Space

      Class A office campus; 3 suites available.
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      View Details
    • Contact for pricing
      35,360 SF

      Anthem House: Huntsville Office Suites

      MidCity District: Premium Office Space
      945 Mid City Dr, Huntsville, AL 35805
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      11,575 SF

      Commercial Space with Residential Units

      Commercial space available on ground floor with residential units above.
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      View Details
    • $2,850 /Mo

      Huntsville Warehouse with Updated Office

      Warehouse with office space available in central Huntsville location.
      207 Lowry St NW, Huntsville, AL 35805
      View Details
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    Huntsville, AL 35805-4707
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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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