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    Property profile & analytics

    2733 University Dr Huntsville, AL 35816

    • Retail properties
    • 7,200 SF
    • 1.61 lot acres
    For Sale
    View listing
    $895,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0636814
    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

    • Mitchell Economy Carpets, Inc. / Carpet & Flooring Store

    Property Details for 2733 University Dr

    Year built
    1980
    Lot size
    1.61 lot acres
    Property size
    7,200 SF
    Property type
    Retail properties
    APN
    14-08-34-1-002-020.000
    APU
    1408341002020000

    Description

    Exceptional investment opportunity: a 7,200 square foot retail/warehouse building in Huntsville, Alabama, is available for $995,000. Located at 2733 University Dr NW, this single-story, 1980-built property sits on a 1.61-acre lot and boasts 116 feet of road frontage in a high-traffic area. The building features 4,800 square feet of warehouse space, complete with a loading dock and a 12-foot drive-in door. An office space and a retail showroom complement the warehouse area. A significant advantage is the large, fenced area (over half an acre) to the east of the building, currently subleased to a third party. The property benefits from a brand new roof. This property is zoned for Light Industry and is located within a HUB Zone, offering potential advantages for certain businesses. This represents a compelling price point for a property of this size and features in a well-established business district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $558,000
      Market price range: $236k - $584k

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $680,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6091
    Latitude
    34.7353
    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
    $5,218
    $42,120
    $47,840
    $89,960
    -
    $210,600
    $239,200
    $449,800

    Comparable in this City

    • Value Estimation by Request
      3,038 SF

      1209 Posey NW St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,038 SF
      1209 Posey NW St, Huntsville, AL 35816-2507
      View Details
    • Value Estimation by Request
      6,400 SF

      Jordan NW Ln

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,400 SF
      Jordan NW Ln, Huntsville, AL 35816
      View Details
    • Value Estimation by Request
      3,000 SF

      1006 Putman NW Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,000 SF
      1006 Putman NW Dr, Huntsville, AL 35816-2212
      View Details
    • Value Estimation by Request
      3,900 SF

      1801 Sportsman NW Ln

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,900 SF
      1801 Sportsman NW Ln, Huntsville, AL 35816-1441
      View Details
    • Value Estimation by Request
      4,000 SF

      2609 University NW Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,000 SF
      2609 University NW Dr, Huntsville, AL 35816-3316
      View Details
    • Value Estimation
      $885,000
      3,300 SF

      2830 Jordan NW Ln

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,300 SF
      2830 Jordan NW Ln, Huntsville, AL 35816-1018
      View Details

    Similar Nearby for Sale

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      Huntsville Retail Space - $995K

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    • $1,350,000
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      Huntsville Car Wash - Investment Opportunity

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      Huntsville Retail Investment Opportunity

      9,659 sq. ft. retail property in high-traffic Huntsville area.
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      Huntsville Commercial Building For Sale

      7,200 SF commercial building with warehouse and retail/office space.
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    Similar Nearby for Lease

    • Contact for pricing
      82,559 SF

      Huntsville Warehouse - 82,559 SF

      Prime Huntsville warehouse, divisible suites, high ceilings.
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      Huntsville Retail Space - University Dr

      Class A Retail, 3200 sq ft, Huntsville AL
      4009 University Dr, Huntsville, AL 35816
      View Details
    • Contact for pricing

      Retail Space on University Drive

      Retail space for rent with high visibility and access.
      4016 University Dr, Huntsville, AL 35816
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    • $7,987 /Mo
      25,782 SF

      Huntsville Office/Retail Space Available

      Class B office/retail building in high-traffic Huntsville location.
      1555 Boardwalk, Huntsville, AL 35816
      View Details
    • Contact for pricing
      19,697 SF

      Retail Center with Long-Term Tenant

      Retail property featuring AT&T as a major tenant.
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      View Details
    • Contact for pricing

      New Retail Space Available

      Class A retail space in central Huntsville location for lease.
      4009 University Dr NW, Huntsville, AL 35816
      View Details
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    Huntsville, AL 35816
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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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