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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4009 University Dr Huntsville, AL 35816

    • Commercial land
    • 3,206 SF
    • 1.19 lot acres
    For Lease
    View listing
    Last Sale
    Feb 12, 2021
    $500,000
    Value Estimations
    $540,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0756791
    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

    • Valley Wide Dental / Dental Office

    Property Details for 4009 University Dr

    Year built
    1972
    Lot size
    1.19 lot acres
    Property size
    3,206 SF
    Property type
    Commercial land
    APN
    14-08-33-4-002-041.000
    APU
    1408334002041000

    Description

    This exceptional 3,200 square foot Class A retail space is ideally situated at 4009 University Drive NW in Huntsville, Alabama, within Madison County (zip code 35816). Currently vacant and available for immediate occupancy, this single-tenant property boasts a prime location along one of Huntsville's busiest retail thoroughfares, University Drive (Highway 72). The building offers excellent visibility and easy access, making it an attractive option for businesses seeking high foot traffic. Delivered in shell condition, this new construction allows for tenant improvements tailored to specific needs, with tenant improvement allowances available. A minimum five-year lease term is required. Its central location provides convenient access to downtown Huntsville, MidCity, and the Cummings Research Park (CRP). Furthermore, the property's proximity to the University of Alabama in Huntsville (UAH) ensures a strong potential customer base. The property is a single-tenant space within a larger building, offering 3200 total square feet. This presents a unique opportunity for a business seeking a high-profile location in a thriving area of Huntsville.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $555,000
      ML approach
      $545,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $645,000
      6.5%
      $595,000
      7%
      $555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $701,000
      Market price range: $244k - $791k
      AI Estimate
      $356,000
      Market price range: $127k - $356k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $475,000
      Current use
      MEDICAL BUILDING
      $650,000
      Change: +37% Conversion: Easy
      OFFICE BUILDING
      $510,000
      Change: +7% Conversion: Easy
      RETAIL STORES
      $495,000
      Change: +4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.6328
    Latitude
    34.7345
    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
    $3,608
    $62,200
    $0.00
    $62,200
    -
    $311,000
    $0.00
    $311,000

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
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      Jordan NW Ln

      VACANT COMMERCIAL LAND • 0.19 Acres
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    • Value Estimation by Request
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      Mitchell NW Dr

      VACANT COMMERCIAL LAND • 0.00 Acres
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    • Value Estimation by Request
      0.22 Acres

      1015 Putman NW Dr

      VACANT COMMERCIAL LAND • 0.22 Acres
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    • Value Estimation by Request
      0.10 Acres

      Putman NW Dr

      VACANT COMMERCIAL LAND • 0.10 Acres
      Putman NW Dr, Huntsville, AL 35816
      View Details
    • Value Estimation by Request
      0.11 Acres

      Pulaski NW Pike

      VACANT COMMERCIAL LAND • 0.11 Acres
      Pulaski NW Pike, Huntsville, AL 35816
      View Details

    Similar Nearby for Sale

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    • $45,000

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    • New
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      Huntsville Land For Sale

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    • $849,900
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      Huntsville Commercial Land with Building

      Commercial land with building suitable for high-traffic businesses.
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    • $425,000

      Huntsville Land Redevelopment Opportunity

      Prime land for retail, office, or medical redevelopment in Huntsville.
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      Huntsville Commercial Lot For Sale

      Commercially zoned lot with high visibility and public utilities.
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    Similar Nearby for Lease

    • Contact for pricing
      3,200 SF

      Huntsville Retail Space - University Dr

      Class A Retail, 3200 sq ft, Huntsville AL
      4009 University Dr, Huntsville, AL 35816
      View Details
    • Contact for pricing

      Retail Space on University Drive

      Retail space for rent with high visibility and access.
      4016 University Dr, Huntsville, AL 35816
      View Details
    • $7,987 /Mo
      25,782 SF

      Huntsville Office/Retail Space Available

      Class B office/retail building in high-traffic Huntsville location.
      1555 Boardwalk, Huntsville, AL 35816
      View Details
    • $6,220 /Mo
      11,056 SF

      Huntsville Office Space Available

      Office space for rent in Huntsville, Alabama.
      3158 University Dr, Huntsville, AL 35816
      View Details
    • $15 SF/Yr
      17,164 SF

      Prime Office Building, Sparkman Drive

      17,164 SF Office, Ample Parking
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    • $162 SF/Yr
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      Prime Huntsville Office Space

      7,100 SF Available, Boardwalk Location
      1555 The Boardwalk, Huntsville, AL 35816
      View Details
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    4009 University Dr
    Huntsville, AL 35816
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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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