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

    2732 Johnson SW Rd Huntsville, AL 35805-5880

    • Sports & entertainment properties
    • 8,364 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0753828
    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

    • Covenant Ministries Church / Church

    Property Details for 2732 Johnson SW Rd

    Year built
    1985
    Lot size
    0.54 lot acres
    Property size
    8,364 SF
    Property type
    Sports & entertainment properties
    APN
    17-06-14-1-002-061.000
    APU
    1706141002061000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5993
    Latitude
    34.691
    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
    $3,748
    $6,120
    $58,500
    $64,620
    -
    $30,600
    $292,500
    $323,100

    Comparable in this City

    • Value Estimation by Request
      1,271 SF

      303 Jordan NW Ln

      RECREATIONAL, ENTERTAINMENT • 1,271 SF
      303 Jordan NW Ln, Huntsville, AL 35805-2603
      View Details
    • Value Estimation
      $6,700,000
      1,247 SF

      4405 Judith SW Ln

      RECREATIONAL, ENTERTAINMENT • 1,247 SF
      4405 Judith SW Ln, Huntsville, AL 35805-3324
      View Details
    • Value Estimation
      $2,030,000
      10.72 Acres

      3001 9th SW Ave

      RECREATIONAL, ENTERTAINMENT • 10.72 Acres
      3001 9th SW Ave, Huntsville, AL 35805-4021
      View Details
    • Value Estimation by Request
      4,262 SF

      3709 Governors SW Dr

      RECREATIONAL, ENTERTAINMENT • 4,262 SF
      3709 Governors SW Dr, Huntsville, AL 35805-3543
      View Details
    • Value Estimation by Request
      11,256 SF

      2610 Long SW Ave

      RECREATIONAL, ENTERTAINMENT • 11,256 SF
      2610 Long SW Ave, Huntsville, AL 35805
      View Details
    • Value Estimation by Request
      11,132 SF

      2315 Triana SW Blvd

      RECREATIONAL, ENTERTAINMENT • 11,132 SF
      2315 Triana SW Blvd, Huntsville, AL 35805-3683
      View Details

    Similar Nearby for Sale

    • $449,900
      1,560 SF

      Huntsville Commercial Corner Lot

      Corner lot near Stovehouse, suitable for office or service shop.
      200 8Th St NW, Huntsville, AL 35805
      View Details
    • $60,000
      0.34 Acres

      Huntsville Land For Sale

      Level lot in growing location near Redstone Arsenal.
      34 Lot Mcvay St SW, Huntsville, AL 35805
      View Details
    • $2,100,000
      11,368 SF

      Renovated Studio Apartments in Huntsville

      28 renovated studio apartments near shopping, universities, and Redstone Arsenal.
      3004 SW Clopton St, Huntsville, AL 35805
      View Details
    • New
      $800,000
      7,366 SF

      Updated Multifamily Investment Opportunity

      Recently updated multifamily portfolio with full occupancy in Huntsville, Alabama.
      4105 Broyles Ave, Huntsville, AL 35805
      View Details
    • Contact for pricing
      200,000 SF

      Huntsville Mixed-Use Development Opportunity

      Mixed-use development with office, retail, and restaurant spaces available for sale.
      3414 Governors Dr SW, Huntsville, AL 35805
      View Details
    • Contact for pricing
      0.17 Acres

      Huntsville Commercial Land - Build to Suit

      Prime .17-acre lot, Huntsville, build-to-suit options.
      2700 Hall Ave, Huntsville, AL 35805
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      134,318 SF

      Intuitive Center: Huntsville Office Space

      Class A office campus; 3 suites available.
      5030 Bradford Dr, Huntsville, AL 35805
      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
      View Details
    • Contact for pricing
      11,575 SF

      Commercial Space with Residential Units

      Commercial space available on ground floor with residential units above.
      4810 Bradford Dr NW, Huntsville, AL 35805
      View Details
    • $22 SF/Yr
      102,000 SF

      Premier Office Space in Huntsville

      Two-story office buildings in Cummings Research Park, ideal for high-tech.
      5025 Bradford Dr, Huntsville, AL 35805
      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
    • $2,500 /Mo
      2,036 SF

      Huntsville Office Space For Rent

      Office building near Campus 805 with ample parking.
      2613 Clinton Ave W, Huntsville, AL 35805
      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.
    2732 Johnson SW Rd
    Huntsville, AL 35805-5880
    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.