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Property profile & analytics
OFF-MARKET Estimated value $950,000
Strip malls

3000 Memorial SW Pkwy Huntsville, AL 35801-5303

62,565 SF 7.1 ac lot Built 1963
Individually Owned Absentee Owner Free & Clear
Property ID
US03-0838188
Property summary
AI-generated overview

This exceptional investment opportunity presents a 62,565 square foot shopping center situated on a 7.1-acre corner lot in Huntsville, Alabama. Located at 3000 Memorial Pkwy NW, 35810, this Class B, single-story retail property boasts a prime location just minutes from downtown Huntsville and surrounded by a substantial residential population. Built in 1963 and renovated in 2015, the property features a multi-tenant occupancy with a 50% occupancy rate. Key tenants include Simply 10 and Value Village as anchors, with Title Max occupying one of two separate buildings on the site. Ample surface parking is available for customers and tenants. The property is zoned for Neighborhood Center use, offering significant value-add potential for a savvy investor. The asking price is $4,500,000, translating to $71.93 per square foot. This property offers a compelling combination of established tenants, convenient location, and considerable upside potential in a thriving market. The property's APN is 14-06-24-2-001-049.000. This is a rare opportunity to acquire a well-positioned retail center with strong anchor tenants and significant growth potential in a rapidly developing area of Huntsville.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1963
Total area 62,565 SF
Lot 7.1 ac (309,276 SF)
APN 14-06-24-2-001-049.000
UPID US03-0838188
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
  • Amie's African Hair Braiding Hair Salon
  • MK Wings II Memorial Pkwy NW Restaurant
  • Supreme Auto Brokers LLC Car Dealership
  • TitleMax Title Pawns Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$895k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.00M
Blend (final) Blend
$950k
Owner & transaction history
WALTER Y WALKER
WALTER Y WALKER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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