Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    315 Wynn NW Dr Huntsville, AL 35805-1987

    • Office buildings
    • 23,126 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimations
    $3,810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0839087
    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.

    Current Use by Public Records

    • DESE Research, Inc. / Corporate Office
    • Sierra Lobo Inc / Engineering Consultant

    Property Details for 315 Wynn NW Dr

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.50 lot acres
    Property size
    23,126 SF
    Property type
    Office buildings
    APN
    14-09-32-3-000-026.000
    APU
    1409323000026000

    Description

    This exceptional 10,312-square-foot single-story office building is ideally situated in Huntsville's thriving Cummings Research Park. Built in 1975, the property sits on a generous 4.57-acre lot and offers a flexible layout suitable for a variety of office uses, including traditional, creative, and executive office spaces. The building's single-tenant occupancy provides an excellent opportunity for a company seeking a substantial and well-positioned space. Its prime location offers significant visibility, perfect for building signage and brand enhancement. The property enjoys exceptional accessibility, with close proximity to key transportation arteries and amenities. Specifically, it's conveniently located just 1.9 miles (approximately a 4-minute drive) from I-565, 3.5 miles (approximately a 6-minute drive) from Redstone Arsenal Gate 9, 2.8 miles (approximately a 7-minute drive) from Bridge Street Town Centre, and 1.5 miles (approximately a 5-minute drive) from the vibrant Mid City mixed-use development. This presents a unique opportunity to establish a presence in a dynamic and rapidly growing area of Huntsville, Alabama, within the highly sought-after Cummings Research Park. The property's size and location make it an attractive option for businesses seeking a prominent and functional workspace. The address is 315 Wynn Dr NW, Huntsville, AL 35805.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,250,000
      6.5%
      $4,850,000
      7%
      $4,500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,699,000
      Market price range: $2.06M - $4.95M
      AI Estimate
      $2,885,000
      Market price range: $834k - $4.30M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,340,000
      Current use
      MEDICAL BUILDING
      $4,680,000
      Change: +40% Conversion: Easy
      RETAIL STORES
      $3,555,000
      Change: +6% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $3,425,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6567
    Latitude
    34.7298
    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
    $29,812
    $195,520
    $318,480
    $514,000
    -
    $977,600
    $1,592,400
    $2,570,000

    Comparable in this City

    • Value Estimation
      $805,000
      7,574 SF

      305 Seminole SW Dr

      OFFICE BUILDING • 7,574 SF
      305 Seminole SW Dr, Huntsville, AL 35805-3861
      View Details
    • Value Estimation by Request
      1,625 SF

      2606 Mortimer SW Ave

      OFFICE BUILDING • 1,625 SF
      2606 Mortimer SW Ave, Huntsville, AL 35805-3026
      View Details
    • Value Estimation by Request
      884 SF

      2601 Newby SW Rd

      OFFICE BUILDING • 884 SF
      2601 Newby SW Rd, Huntsville, AL 35805-4222
      View Details
    • Value Estimation by Request
      961 SF

      2105 13th SW St

      OFFICE BUILDING • 961 SF
      2105 13th SW St, Huntsville, AL 35805-3525
      View Details
    • Value Estimation by Request
      1,853 SF

      3314 Bob Wallace SW Ave

      OFFICE BUILDING • 1,853 SF
      3314 Bob Wallace SW Ave, Huntsville, AL 35805-4008
      View Details
    • Value Estimation
      $1,105,000
      8,977 SF

      3309 Bob Wallace SW Ave

      OFFICE BUILDING • 8,977 SF
      3309 Bob Wallace SW Ave, Huntsville, AL 35805-4007
      View Details

    Similar Nearby for Sale

    • $450,000

      Huntsville Investment Opportunity

      Two office/residential buildings and two storage buildings on 0.37 acres.
      302 Triana Blvd NW, Huntsville, AL 35805
      View Details
    • $750,000
      6,244 SF

      Huntsville Office Building For Sale

      Well-maintained 6,624 SF office building in a prime location.
      2611 Artie St SW, Huntsville, AL 35805
      View Details
    • Contact for pricing
      962 SF

      Huntsville Office Space - Prime Location

      Renovated Office Building, Ample Parking
      3402 6Th Ave, Huntsville, AL 35805
      View Details
    • Contact for pricing
      1,348 SF

      Huntsville Office Space - Move-In Ready

      Prime Huntsville location, updated office space.
      2309 Triana Blvd, Huntsville, AL 35805
      View Details
    • $449,900
      1,560 SF

      Huntsville Commercial Corner Lot

      Corner lot near Stovehouse, suitable for office or service shop.
      200 8Th St NW, Huntsville, AL 35805
      View Details
    • Contact for pricing
      184,811 SF

      Huntsville Office/R&D Park

      Office and R&D space in Cummings Research Park.
      4900-70 Corporate Dr, Huntsville, AL 35805
      View Details

    Similar Nearby for Lease

    • $12,375 /Mo
      140,000 SF

      Huntsville Office Building For Rent

      Full-service office building in Cummings Research Park, Huntsville, Alabama.
      215 Wynn Dr, Huntsville, AL 35805
      View Details
    • $22 SF/Yr
      102,000 SF

      Premier Office Space in Huntsville

      Two-story office buildings in Cummings Research Park, ideal for high-tech.
      5025 Bradford Dr, Huntsville, AL 35805
      View Details
    • $21 SF/Yr
      134,318 SF

      Intuitive Center: Huntsville Office Space

      Class A office campus; 3 suites available.
      5030 Bradford Dr, Huntsville, AL 35805
      View Details
    • Contact for pricing
      35,360 SF

      Anthem House: Huntsville Office Suites

      MidCity District: Premium Office Space
      945 Mid City Dr, Huntsville, AL 35805
      View Details
    • Contact for pricing
      11,575 SF

      Commercial Space with Residential Units

      Commercial space available on ground floor with residential units above.
      4810 Bradford Dr NW, Huntsville, AL 35805
      View Details
    • Contact for pricing
      47,255 SF

      Huntsville Executive Office Space

      8,000 SF Available in Cummings Research Park
      4955 Corporate Dr, Huntsville, AL 35805
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    315 Wynn NW Dr
    Huntsville, AL 35805-1987
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.