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Property profile & analytics
FOR LEASE
Investment properties

2905 Bob Wallace Ave Huntsville, AL 35805

22,875 SF 1.47 ac lot Built 1989
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US03-2626685
Property summary
AI-generated overview

This exceptional office property at 2905 Bob Wallace Ave SW in Huntsville, Alabama, 35805 offers multiple tenancy in a single-story Class B building. Two spaces are currently available, ranging from 1,400 to 3,450 square feet, making it ideal for a variety of businesses. The property is categorized as both traditional office and medical office space, providing versatility for diverse needs. Located in the Home Center, a neighborhood center, this property enjoys convenient access to major thoroughfares including Memorial Parkway, Redstone Arsenal, and I-565. This strategic location benefits from an established tenant base representing a mix of industries, including government contractors, e-commerce, medical device companies, and other office spaces. The property is designated as a HUB Zone, offering potential advantages for qualifying businesses. Lease rates are competitive and offered AS-IS, with no CAM fees. The flexible space is suitable for various uses, including office, medical, showroom, retail, assembly, or multipurpose/flex space. This presents a unique opportunity to secure well-located, adaptable office space in a thriving Huntsville neighborhood.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1989
Construction MIXED
Total area 22,875 SF
Lot 1.47 ac (63,859 SF)
APN 17-01-11-2-001-023.000
UPID US03-2626685
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cartridge World Printer Repair Service Recycling Center
  • Fierce Factor Athletics LLC. Gym & Fitness Center
  • Dynamic Expressions Performing Arts Vocational School
  • 1 in Christ International Association Or Organization
  • Trinity Orthotics & Pedorthics Orthotics & Prosthetics Service Orthopedic Shoe Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.98M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.74M
Owner & transaction history
Reic LLC · 6 yrs held
Reic LLC
since 2020
Last sale
$1.5M
2 recorded transactions
2020
$1.5M
2019
$1.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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