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Property profile & analytics
OFF-MARKET
Estimated value
$4,700,000
Retail properties & Spaces
3240 Memorial NW Pkwy Huntsville, AL 35810-2431
Entity Owned
Absentee Owner
Free & Clear
Property ID
US03-0914556
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1990
Construction
MIXED
Total area
93,713 SF
Lot
8.26 ac (359,806 SF)
APN
14-06-24-2-001-022.000
UPID
US03-0914556
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
-
Farmers Home Furniture | Huntsville, AL Furniture & Home Goods Home Decor Store
-
Big Lots Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.00M
Blend (final)
Blend
$4.70M
Owner & transaction history
Huntsville Commons LLC
Huntsville Commons LLC
since 2026
Last sale
$4.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Huntsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.70M
Range $4.23M – $5.17M · ±10% · vs last sale $4.33M (Feb 19 2026)
Last sale anchor
$4.33M
Feb 19 2026
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$50 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$41,994
Tax year 2023
Assessed value
$724,040
Assessed 2023
Previous assessed
$702,640
+3.0% YoY
Effective rate
5.80%
On assessed value
Assessed land
$218,060
Assessed improvement
$505,980
Land market value
$1,090,300
Improvement market value
$2,529,900
Total market value
$3,620,200
Applied tax rate
2.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1990
Construction
MIXED
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
93,713 SF
Lot
8.26 ac (359,806 SF)
APN
14-06-24-2-001-022.000
UPID
US03-0914556
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Construction
MIXED
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
8.26 ac
Current owner
From public records · entity-resolved
Huntsville Commons LLC
Entity
Free & Clear · 0 yrs held
Mailing address
110 E ANDREWS DR NW STE #211, ATLANTA, GA 30305-1317
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
$4,325,000
Huntsville Commons LLC
SR Huntsville LLC
Quitclaim Deed
—
Apr 16, 2020
—
Ccc-madison LLC
—
Deed
related
$36,994 · Trustmark Nat'l Bk
—
—
Mh Huntsville LLC|rr Huntsville LLC
—
Deed Of Trust
related
$1,600,000 · Miscellaneous Ins Co
—
—
Ccc-madison LLC
—
Deed Of Trust
related
$36,994 · Trustmark Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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