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    3149 Ldg NW Rd Huntsville, AL 35810-2927
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    Property profile & analytics

    3149 Ldg NW Rd Huntsville, AL 35810-2927

    View on Map
    • Warehouses
    • 21,300 SF
    • 0.92 lot acres
    Off-Market
    Property ID
    US03-0485228
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mcconnell Jones Lanier & Mrphy / Insurance Agency
    • Hanwha Cimarron / Storage Facility

    Property Details for 3149 Ldg NW Rd

    Year built
    1975
    Lot size
    0.92 lot acres
    Property size
    21,300 SF
    Property type
    Warehouses
    APN
    14-04-20-0-002-036.000
    APU
    1404200002036000

    Description

    This exceptional 26,345-square-foot commercial property, located at 3149 Lodge Rd NW in Huntsville, Alabama, presents a unique opportunity for a single tenant. Situated on a 0.92-acre lot in Madison County, this property seamlessly blends executive office space with warehouse functionality. Built in 1975, the building boasts a substantial 24-foot ceiling height, providing ample vertical space for various uses. The warehouse component is further enhanced by two convenient drive-in doors, facilitating efficient loading and unloading. The property is fully vacant and ready for immediate occupancy. Power is provided by a robust 480-volt, 3-phase system, ensuring sufficient capacity for demanding operations. The property's classification as both office and industrial makes it ideal for businesses requiring a blend of administrative and storage/production space. Its location in Huntsville, AL, zip code 35810, offers excellent access to transportation networks and a thriving business community. This single-tenant property provides the opportunity to customize the space to perfectly meet your business needs. The property is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $530,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $513,000
      Market price range: $488k - $1.55M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6459
    Latitude
    34.7679
    CBSA code
    26620
    CBSA name
    HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,472
    $10,820
    $83,520
    $94,340
    -
    $54,100
    $417,600
    $471,700

    Comparable in this City

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    • Value Estimation
      $745,000
      10,300 SF

      3107 Memorial NW Pkwy

      WAREHOUSE, STORAGE • 10,300 SF
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    • Value Estimation
      $1,735,000
      19,040 SF

      103 Winchester NW Rd

      WAREHOUSE, STORAGE • 19,040 SF
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      View Details
    • Value Estimation by Request
      30,000 SF

      2000 Bob Wade Ln

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    • Value Estimation
      $8,685,000
      92,625 SF

      3211 Memorial NW Pkwy

      WAREHOUSE, STORAGE • 92,625 SF
      3211 Memorial NW Pkwy, Huntsville, AL 35810-2405
      View Details
    • Value Estimation
      $2,245,000
      2.00 Acres

      7325 Opportunity NW Blvd

      WAREHOUSE, STORAGE • 2.00 Acres
      7325 Opportunity NW Blvd, Huntsville, AL 35810-6048
      View Details

    Similar Nearby for Sale

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      3,210 SF

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      Versatile property with retail storefront and warehouse space in Huntsville.
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      23,225 SF

      Huntsville Self-Storage Value-Add Opportunity

      Self-storage facility with expansion potential in growing Huntsville market.
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    • $987,500
      19.95 Acres

      Huntsville Land For Sale

      19.95 acre wooded land parcel in Huntsville, Alabama.
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    • $54,899

      Land For Sale Huntsville

      Land available in Huntsville, Alabama.
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    • $410,000

      North Huntsville Acreage For Sale

      1.52 acres in North Huntsville, ideal for restaurant development.
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    • $750,000
      2.29 Acres

      Huntsville Commercial Land Opportunity

      2.29 acres of cleared land with high visibility.
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    Similar Nearby for Lease

    • $12 SF/Yr

      Hampton Cove Office/Warehouse Space

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      5535 Alabama 431, Huntsville, AL 35810
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    • Contact for pricing

      Huntsville Industrial Property Near Highway

      Industrial property with easy highway access near major manufacturers.
      2000 Bob Wade Ln NW, Huntsville, AL 35810
      View Details
    • $12 SF/Yr

      Huntsville Flex Industrial Space Available

      Flex industrial space with frontage on Memorial Parkway, ready for occupancy.
      5150 North Memorial Pkwy, Huntsville, AL 35810
      View Details
    • $3,000 /Mo
      4,000 SF

      Huntsville Commercial Space with Shop

      Office and shop space available for lease in Huntsville.
      2908 Meridian St, Huntsville, AL 35810
      View Details
    • Contact for pricing

      Neighborhood Center Anchored by Dollar General

      Neighborhood center anchored by Dollar General Market and Vital Smiles.
      3700 Blue Spring Rd NW, Huntsville, AL 35810
      View Details
    • Contact for pricing
      15,007 SF

      Huntsville Office Space For Rent

      Office suites with signage and walkable to amenities for lease.
      3202-3208 Memorial Pkwy, Huntsville, AL 35810
      View Details
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    Huntsville, AL 35810-2927
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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