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Property profile & analytics
OFF-MARKET
Estimated value
$6,910,000
Manufacturing properties
4000 Memorial SW Pkwy Huntsville, AL 35802-1326
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0598980
Property summary
AI-generated overview
This exceptional 175,000-square-foot industrial property, located at 4000 Memorial Pkwy SW in Huntsville, Alabama, presents a significant opportunity. The building, constructed in 1963 and classified as Class C, offers a flexible layout ideal for a variety of uses. Currently, 54,000 square feet of space is available, divisible into units as small as 3,000 square feet. The property sits on a generous 12-acre lot, providing ample room for expansion or outdoor storage. Features include 18-26 foot ceiling heights, enhancing storage and operational efficiency. Loading and unloading are facilitated by four loading docks and three dock-high doors. The property benefits from three-phase power, essential for many industrial operations. Its zoning is designated as Heavy Industrial, allowing for a wide range of permitted uses. Situated in Huntsville's Hubzone and on South Memorial Parkway, this location offers exceptional visibility and convenient access, making it an attractive option for businesses seeking a strategic presence in the Huntsville market. The property is a single-tenant building within Madison County, Alabama, and has a zip code of 35802.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1963
Total area
119,042 SF
Lot
12.43 ac (541,451 SF)
APN
17-06-24-1-000-002.000
UPID
US03-0598980
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.18M
Blend (final)
Blend
$6.91M
Owner & transaction history
Crown Leasing INC · 16 yrs held
Crown Leasing INC
since 2010
Last sale
$7.4M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$8.0M
+1.9%
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
$6,910,000
ML approach
$8,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,810,000
Current use
WAREHOUSE, STORAGE
$7,955,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$6.91M
Range $6.22M – $7.60M · ±10% · vs last sale $7.43M (Aug 9 2023)
Last sale anchor
$7.43M
Aug 9 2023
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
$58 / 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
$43,594
Tax year 2023
Assessed value
$751,620
Assessed 2023
Previous assessed
$705,980
+6.5% YoY
Effective rate
5.80%
On assessed value
Assessed land
$435,060
Assessed improvement
$316,560
Land market value
$2,175,300
Improvement market value
$1,582,800
Total market value
$3,758,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1963
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
119,042 SF
Lot
12.43 ac (541,451 SF)
APN
17-06-24-1-000-002.000
UPID
US03-0598980
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.8M
WAREHOUSE, STORAGE
Est. value
$8.0M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
12.43 ac
Current owner
From public records · entity-resolved
Crown Leasing INC
Entity
Free & Clear · 16 yrs held
Mailing address
2601 S BAYSHORE DR #1720, MIAMI, FL 33133-5417
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2010
$1,000
Crown Leasing INC
Industrial Dev Board Of City/hunt
Warranty Deed
—
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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