2905 Bob Wallace SW Ave Huntsville, AL 35805-4176
- Investment properties
- 22,875 SF
- 1.47 lot acres
Current Use by Public Records
- Cartridge World / Recycling Center / Toner Cartridge Supplier
- Fierce Factor Athletics LLC. / Gym
- Dynamic Expressions Performing Arts / Art School
- 1 in Christ International / Association Or Organization
- Trinity Orthotics & Pedorthics / Orthotics & Prosthetics Service / Orthopedic Shoe Store
Property Details for 2905 Bob Wallace SW Ave
- Year built
- 1989
- Construction
- MIXED
- Lot size
- 1.47 lot acres
- Property size
- 22,875 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 17-01-11-2-001-023.000
- APU
- 1701112001023000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,985,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,625,000
- 6.5%
- $1,475,000
- 7%
- $1,390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,275,000
- Geo Method
- $1,515,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,350,000
- Retail
- $1,240,000
- Mixed-Use
- $1,275,000
- Hospitality
- $1,620,000
- Educational
- $1,425,000
- Residential Income
- $1,590,000
- Energy
- $1,460,000
- Income-Based Land
- $1,610,000
- Food Service
- $1,555,000
Location Insight
- Map
- Local Demand
- City
- Huntsville
- County
- Madison
- State
- Alabama
- Longitude
- -86.6046
- Latitude
- 34.7108
- CBSA code
- 26620
- CBSA name
- HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA
