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Property profile & analytics
OFF-MARKET Estimated value $525,000
Banks

3501 Memorial SW Pkwy Huntsville, AL 35801-5358

8,000 SF 1.32 ac lot Built 1985
Entity Owned Absentee Owner Free & Clear
Property ID
US03-0677900
Property summary
AI-generated overview

This exceptional Class A office building, located at 3501 Memorial Pkwy SW in Huntsville, Alabama, offers a prime opportunity for businesses seeking flexible and high-quality space. The property, totaling 10,002 square feet, is situated in Madison County and boasts a desirable location near Crestwood Medical Center (1.1 miles), Huntsville Hospital (2.1 miles), and Piedmont Point Shopping Center (1.4 miles). The building features attractive architecture and landscaping, ensuring high visibility and a professional image. The space is divisible, with a minimum leasable area of 3,500 square feet and a maximum contiguous space of 10,002 square feet. Currently, the entire 10,002 square feet is vacant, presenting a unique chance to occupy the entire building. The building is a three-story structure with ample parking, providing 88 spaces for tenants and visitors. Its convenient location offers easy access to downtown Huntsville, numerous hotels, restaurants, and various entertainment and shopping options. Tenant allowances are available based on lease terms. This property is ideal for a variety of office uses, including traditional office, executive office, and medical office settings.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,000 SF
Lot 1.32 ac (57,456 SF)
APN 14-06-13-3-004-006.000
UPID US03-0677900
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
  • Jennifer B. Martin, OD Physician
  • Paulus Title Main Office Title Company
  • John Eitzen Ophthalmologist
  • Maynor Mitchell & Lee Optl Shp Ophthalmologist (Bike/Boat/Book/etc) Store
  • Brian Baxter, OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
$665k
Blend (final) Blend
$525k
Owner & transaction history
REDSTONE FEDERAL CREDIT UNION
REDSTONE FEDERAL CREDIT UNION
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $720,000 +14.7%
Warehouse, storage $635,000 +1.4%
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