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    3402 6Th Ave Huntsville, AL 35805
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    3402 6Th Ave Huntsville, AL 35805

    View on Map
    • Office Units
    • 962 SF
    Off-Market
    Property ID
    US03-0767264
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jade Communications Inc / Tech Support Center / IT Consulting Firm

    Property Details for 3402 6Th Ave

    Property size
    962 SF
    Property type
    Office Units
    Property subtype
    Commercial real estate

    Description

    Leasing Commercial/Business Only. No Residential Lease. Zoned Light Commercial. Recently renovated building for a small business with need of multiple offices. Two separate offices, 1 bathroom, common waiting room/lobby with full kitchen. Building sits on a double lot and has a gravel parking lot ... which can be used for parking and storing business vehicles or customers. Easy access to Governor's Drive and 5 minute walk to Stovehouse. 1 office has direct access to exterior.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6123834
    Latitude
    34.7192625

    Comparable in this City

    • Contact for pricing
      44,285 SF

      Class A Office Asset

      Fully leased office space in Cummings Research Park.
      4904 Research Dr NW, Huntsville, AL 35805
      View Details
    • $449,900

      Corner Lot Near Stovehouse

      Office or service shop in the heart of Stovehouse area.
      200 8Th St NW, 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
    • $875,000
      10,153 SF

      Remodeled Building on Triana Blvd

      Recently remodeled mixed-use building with strong exposure and easy access.
      3124 SW Triana Blvd, Huntsville, AL 35805
      View Details
    • Contact for pricing
      10,763 SF

      Huntsville Office/Warehouse/Industrial Space

      10,763 SqFt office, warehouse, and industrial space available.
      2613 Clinton Ave W, Huntsville, AL 35805
      View Details
    • Contact for pricing

      Versatile Flex Space Opportunity

      8,125 SF flex space suitable for various business needs.
      3321 Triana Blvd SW, Huntsville, AL 35805
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      44,285 SF

      Class A Office Asset

      Fully leased office space in Cummings Research Park.
      4904 Research Dr NW, Huntsville, AL 35805
      View Details
    • $449,900

      Corner Lot Near Stovehouse

      Office or service shop in the heart of Stovehouse area.
      200 8Th St NW, Huntsville, AL 35805
      View Details
    • Contact for pricing
      10,763 SF

      Huntsville Office/Warehouse/Industrial Space

      10,763 SqFt office, warehouse, and industrial space available.
      2613 Clinton Ave W, Huntsville, AL 35805
      View Details
    • Contact for pricing

      Versatile Flex Space Opportunity

      8,125 SF flex space suitable for various business needs.
      3321 Triana Blvd SW, 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
    • $875,000
      10,153 SF

      Remodeled Building on Triana Blvd

      Recently remodeled mixed-use building with strong exposure and easy access.
      3124 SW Triana Blvd, Huntsville, AL 35805
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,254 SF

      Office Space in HUBZone

      Office suites with private offices and a conference room.
      2705 Artie St SW, Huntsville, AL 35805
      View Details
    • Contact for pricing

      Cummings Research Park Office Space

      Office and R&D space in premier Huntsville location.
      4900-70 Corporate Dr, Huntsville, AL 35805
      View Details
    • $14 SF/Yr

      Huntsville Landmark Building Office Space

      Office space in central Huntsville location with high visibility.
      2400 Bob Wallace Ave SW, Huntsville, AL 35805
      View Details
    • $2,850 /Mo

      Huntsville Warehouse with Updated Office

      Warehouse with office space available in central Huntsville location.
      207 Lowry St NW, Huntsville, AL 35805
      View Details
    • $15 SF/Yr

      Huntsville Office/R&D Park

      Office and R&D space in Cummings Research Park.
      4900-70 Corporate Dr, Huntsville, AL 35805
      View Details
    • $600 /Mo
      7,500 SF

      Huntsville Office Space For Rent

      Office space for rent with utilities and internet included.
      3113 Ivy Ave, Huntsville, AL 35805
      View Details
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    3402 6Th Ave
    Huntsville, AL 35805
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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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