Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5078 Meridian N St Huntsville, AL 35810-1008
    Back to Search
    Property profile & analytics

    5078 Meridian N St, Huntsville, AL 35810-1008

    View on Map
    • Distribution centers
    • 9,600 SF
    • 1.03 lot acres
    Off-Market
    Last Sale Aug 26, 2022
    $135,000
    Property ID
    US03-0052641
    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

    • Price Wrecker Services / Auto Repair Shop / Auto Parts Store
    • Pro Auto / Auto Repair Shop
    • Madison Wholesalers Inc / Big Box & Wholesale Store

    Property Details for 5078 Meridian N St

    Year built
    2005
    Lot size
    1.03 lot acres
    Property type
    Distribution centers
    APN
    13-03-07-0-000-031.019
    APU
    1303070000031019

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 26, 2022 $135,000 Pro Auto LLC Ali Nejad Mohammand Warranty Deed $141k · Neighborhood Concepts INC
    Feb 19, 2021 — Pro Auto LLC — Deed · related $50k · Progress Bank & Trust
    Oct 30, 2020 $575,000 Proauto LLC Mohammand A Nejad Warranty Deed $540k · Progress Bk&tr
    Jun 5, 2009 $10,000 Mohammand A Nejad Madison Wholesalers INC Warranty Deed —

    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
    -86.5712
    Latitude
    34.7984
    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
    $4,685
    $8,960
    $71,820
    $80,780
    -
    $44,800
    $359,100
    $403,900

    Comparable in this City

    • Value Estimation by Request
      7,500 SF

      3139 Ldg NW Rd

      DISTRIBUTION WAREHOUSE
      3139 Ldg NW Rd, Huntsville, AL 35810-2927
      View Details
    • Value Estimation by Request
      30,000 SF

      2000 Bob Wade Ln

      Flex space
      2000 Bob Wade Ln, Huntsville, AL 35810
      View Details
    • Value Estimation by Request
      0.21 Acres

      Trade Dr

      Distribution properties
      0 Trade Dr, Huntsville, AL 35810
      View Details
    • Value Estimation
      $9,810,000
      100,000 SF

      6240 Mastin Lk NW Rd

      DISTRIBUTION WAREHOUSE
      6240 Mastin Lk NW Rd, Huntsville, AL 35810-2938
      View Details
    • Value Estimation by Request
      30,000 SF

      5150 Memorial Pkwy

      Distribution properties
      5150 Memorial Pkwy, Huntsville, AL 35810
      View Details
    • Value Estimation
      $1,975,000
      31,108 SF

      113 Winchester NW Rd

      DISTRIBUTION WAREHOUSE
      113 Winchester NW Rd, Huntsville, AL 35810-1012
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,225 SF

      Huntsville Self-Storage Value-Add Opportunity

      Self-storage facility with expansion potential in growing Huntsville market.
      5070 Meridian St N Huntsville AL, Huntsville, AL 35810
      View Details
    • Contact for pricing
      3,210 SF

      Adaptable Industrial-Retail Space For Sale

      Versatile property with retail storefront and warehouse space in Huntsville.
      3724 Blue Spring Rd NW, Huntsville, AL 35810
      View Details
    • Contact for pricing

      Huntsville Development Site For Sale

      12.63-acre development site with dual frontage and high visibility.
      4936 Meridian St N, Huntsville, AL 35810
      View Details
    • Contact for pricing

      10116 N Memorial Pkwy, Huntsville, AL 35810

      Commercial land
      10116 N Memorial Pkwy, Huntsville, AL 35810
      View Details
    • $75,000
      0.42 Acres

      Huntsville, AL Build Site Land

      Excellent 0.42 acre build site in Huntsville, Alabama.
      6603 Amberlee Ln, Huntsville, AL 35810
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Huntsville Flex Industrial Space Available

      Flex industrial space with frontage on Memorial Parkway, ready for occupancy.
      5150 North Memorial Pkwy, Huntsville, AL 35810
      View Details
    • Contact for pricing

      Huntsville Industrial Property Near Highway

      Industrial property with easy highway access near major manufacturers.
      2000 Bob Wade Ln NW, Huntsville, AL 35810
      View Details
    • $12 SF/Yr

      Hampton Cove Office/Warehouse Space

      6,600 SF office/warehouse with highway frontage and flexible zoning.
      5535 Alabama 431, Huntsville, AL 35810
      View Details
    • $3,000 /Mo
      4,000 SF

      Huntsville Commercial Space with Shop

      Office and shop space available for lease in Huntsville.
      2908 Meridian St, Huntsville, AL 35810
      View Details
    • Contact for pricing

      Neighborhood Center Anchored by Dollar General

      Neighborhood center anchored by Dollar General Market and Vital Smiles.
      3700 Blue Spring Rd NW, Huntsville, AL 35810
      View Details
    • $1,500 /Mo
      11,700 SF

      Huntsville Office/Retail Plaza For Rent

      Multi-tenant plaza with leasable space, strong visibility, and on-site parking.
      4206 NW Oakwood Ave, Huntsville, AL 35810
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5078 Meridian N St
    Huntsville, AL 35810-1008
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5078 Meridian N St, Huntsville, AL, 35810
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!