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    4600 Bob Wallace SW Ave Huntsville, AL 35805-3300
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    Property profile & analytics

    4600 Bob Wallace SW Ave, Huntsville, AL 35805-3300

    View on Map
    • Sports & entertainment properties
    • 6,120 SF
    • 1.42 lot acres
    Off-Market
    Last Sale Sep 4, 2020
    $450,000
    Property ID
    US03-0568940
    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
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • First Little Steps / Daycare Center
    • A Perfect Start Learning Center / Daycare Center / Foster Care Service

    Property Details for 4600 Bob Wallace SW Ave

    Year built
    1976
    Lot size
    1.42 lot acres
    Property type
    Sports & entertainment properties
    APN
    17-02-04-4-001-061.000
    APU
    1702044001061000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 4, 2020 $450,000 A Perfect Start Learning Ctr L Griffin Properties LLC Grant Deed $360k · Trustmark Nat'l Bk
    Jan 6, 2012 $437,000 Griffin Properties LLC Sullivan Square LLC Grant Deed $434k · First Commercial Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $595,000
      ML approach
      $575,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $448,000
      Market price range: $167k - $595k

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.631
    Latitude
    34.7135
    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
    $5,703
    $49,400
    $48,920
    $98,320
    -
    $247,000
    $244,600
    $491,600

    Comparable in this City

    • Value Estimation
      $515,000
      112.00 Acres

      1 Tranquility Base

      RECREATIONAL, ENTERTAINMENT
      1 Tranquility Base, Huntsville, AL 35805-3371
      View Details
    • Value Estimation by Request
      6,010 SF

      3103 15th SW Ave

      RECREATIONAL, ENTERTAINMENT
      3103 15th SW Ave, Huntsville, AL 35805-4615
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    • Value Estimation by Request
      5,600 SF

      3806 Colonial Park SW Cir

      RECREATIONAL, ENTERTAINMENT
      3806 Colonial Park SW Cir, Huntsville, AL 35805-5106
      View Details
    • Value Estimation
      $665,000
      10,104 SF

      5014 Bradford NW Dr

      RECREATIONAL, ENTERTAINMENT
      5014 Bradford NW Dr, Huntsville, AL 35805-1953
      View Details
    • Value Estimation
      $1,295,000
      21,620 SF

      2500 10th SW St

      RECREATIONAL, ENTERTAINMENT
      2500 10th SW St, Huntsville, AL 35805-4029
      View Details
    • Value Estimation by Request
      2,652 SF

      2002 13th SW St

      RECREATIONAL, ENTERTAINMENT
      2002 13th SW St, Huntsville, AL 35805-3524
      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
    • $89,899

      Land Available in Huntsville

      Land for sale located on 9th Avenue SW, Huntsville.
      4303 9Th Ave SW, Huntsville, AL 35805
      View Details
    • Contact for pricing

      Updated Multifamily Investment Opportunity

      Recently updated portfolio with W/D hookups and full occupancy.
      4105 Broyles Ave, Huntsville, AL 35805
      View Details
    • $595,000
      4,428 SF

      Huntsville Multifamily Investment Opportunity

      Four-unit property near Redstone Arsenal with recent updates.
      3504 Penny St SW, Huntsville, AL 35805
      View Details
    • Contact for pricing

      Prime Land Near Medical Facilities

      5.47-acre commercial land near Holmes Avenue and 14th Street.
      3601 Cci Dr, Huntsville, AL 35805
      View Details
    • New
      $99,900
      0.26 Acres

      Zoned Residential and Office Lot

      Oversized vacant lot in a mixed-use area, zoned RO2 for residential and professional office development.
      2609 9Th Ave SW, Huntsville, AL 35805
      View Details

    Similar Nearby for Lease

    • 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
      4,100 SF

      Huntsville Landmark Building Office Space

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

      Huntsville Warehouse Space Available

      50,000 SF warehouse space for lease in Cumming Research Park.
      103 Wynn Dr NW, Huntsville, AL 35805
      View Details
    • Contact for pricing
      43,493 SF

      Cummings Research Park Office Space

      17,000 SF Furnished Office Available
      6000 Technology Dr, Huntsville, AL 35805
      View Details
    • $15 SF/Yr

      Huntsville Office Space for Rent

      Office suites available in a growing commercial area.
      2705 Artie St Southwest, Huntsville, AL 35805
      View Details
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    Huntsville, AL 35805-3300
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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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