3030 University Dr NW Huntsville, AL 35816
Office buildings
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Individually Owned
5-yr Hold
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3030 University Dr NW, Huntsville, AL 35816
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Estimated value (blended)
$630k
Range $567k – $693k (±10%)
Implied cap rate
4.00%
In-place · NOI ÷ last sale
Property ID
US03-0230726
Property summary
AI-generated overview
This exceptional 10,783-square-foot car wash facility, located at 3030 University Dr NW in Huntsville, Alabama, presents a compelling investment opportunity. Currently vacant, the property offers significant potential for redevelopment or conversion to alternative commercial uses. Situated on a 1.6-acre lot in Madison County (zip code 35816), this single-story building was constructed in 1989 and is zoned for Light Industry. The asking price is $1,350,000, translating to $125.20 per square foot. The property's substantial size and versatile zoning provide ample flexibility for a variety of commercial ventures. Its prime location in Huntsville offers excellent visibility and accessibility, making it an attractive prospect for entrepreneurs and investors seeking a high-return investment. The property's existing infrastructure provides a solid foundation for future development, minimizing initial setup costs. This is a rare chance to acquire a significant commercial property in a thriving Alabama market. Serious inquiries are encouraged to explore the full potential of this unique opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
MIXED
Total area
1,848 SF
Lot
1.6 ac (69,827 SF)
APN
14-08-34-2-003-027.000
UPID
US03-0230726
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$385k
Comparable Approach
Comparable
$489k
Blend (final)
Blend
$630k
Owner & transaction history
since 2020
Last sale
$475,000
4 recorded transactions
Zoning & alternative use
Top alternative use upside
Medical building
$375,000
+27.2%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$630k
Value range
$567k – $693k
±10% around blend
Estimated value / SF
$341 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
40
Income certainty
100
$567k
blend $630k
$693k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,848 SF
Lot area
1.6 ac
Year built
1989
Stories
1
APN
14-08-34-2-003-027.000
Assessed value
$113,140
Annual tax
$6,562
3
Income approach: direct capitalization
Partial preview
Income approach indication
$385k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$420k
@ 6.5% CAP return
$385k
@ 7% CAP return
$360k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$6,562
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$462k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.7 mi away · 1,494 SF
1.8 mi away · 1,674 SF
1.8 mi away · 2,375 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$630k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 161 sales
$159
+114%
County 185 sales
$166
+105%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $341/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+27%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.00%
Selected cap rate for this office buildings
Derived from the Huntsville market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.00%
9.0%
NOI (est.)
$68k *
Last sale · Nov 2020
$475k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.70M
Move the market yield to see immediate price impact.
Value / SF
$922
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.50%4.00%4.50%
$61k
$1.75M
$1.53M
$1.36M
$68k
$1.95M
$1.70M
$1.51M
$75k
$2.14M
$1.87M
$1.67M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$500k
0.9 mi · May 2026 · $278/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,562
Tax year 2023
Assessed value
$113,140
Assessed 2023
Previous assessed
$107,620
+5.1% YoY
Effective rate
5.80%
On assessed value
Assessed land
$67,020
Assessed improvement
$46,120
Land market value
$335,100
Improvement market value
$230,600
Total market value
$565,700
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1989
Construction
MIXED
Heating
FORCED AIR
Cooling
YES
Buildings
5
Stories
1
Units
1
Bathrooms
1
Total area
1,848 SF
Lot
1.6 ac (69,827 SF)
APN
14-08-34-2-003-027.000
UPID
US03-0230726
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
MIXED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
1
Bathrooms
1
Lot
1.6 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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