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Property profile & analytics
OFF-MARKET Estimated value $13,425,000
Office buildings

301 Voyager NW Way Huntsville, AL 35806-3201

112,312 SF 10.77 ac lot Built 2007
Entity Owned 18-yr Hold Absentee Owner Free & Clear
Property ID
US03-0678976
Property summary
AI-generated overview

This exceptional investment opportunity presents a portfolio of six Class A office buildings totaling 1,037,513 square feet, boasting a remarkable 95% occupancy rate. Strategically located in Huntsville, Alabama's thriving Cummings Research Park and vibrant downtown core, the portfolio generates a substantial net operating income (NOI) of $9,239,061. The portfolio benefits from a diverse tenant base, anchored by a major, credit-rated corporation that occupies 40% of the space and has a long-term lease history. This anchor tenant's presence ensures stable cash flow and provides a strong foundation for future growth. Significant leasing upside potential exists, with over $800,000 in potential additional NOI. The portfolio's prime location within Cummings Research Park, the second-largest research park in the U.S., and the proximity to Downtown Huntsville's expanding amenities, ensures consistent demand and strong rental growth. An attractive assumable loan with a 3.41% interest rate and a maturity date in August 2031 further enhances the investment's appeal. The portfolio's institutional-quality assets, long-term tenant occupancy (average 8.6 years), and the robust Huntsville economy, fueled by significant federal funding and private sector growth, make this a compelling investment opportunity with substantial upside potential. The property is subject to a ground lease expiring in November 2106.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Total area 112,312 SF
Lot 10.77 ac (469,141 SF)
APN 16-01-01-0-000-035.001
UPID US03-0678976
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
  • Northrop Grumman Corporation Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.43M
Owner & transaction history
Huntersville Nyl LLC · 18 yrs held
Huntersville Nyl LLC
since 2007
6 recorded transactions
2022
Price N/A
2021
Price N/A
2020
Price N/A
2018
Price N/A
2007
$22.1M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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