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    5150 Meridian St Huntsville, AL 35810
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    5150 Meridian St Huntsville, AL 35810

    View on Map
    • Commercial real estate
    • 51.00 lot acres
    Off-Market
    Property ID
    US03-0058201
    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

    • Commercial real estate

    Property Details for 5150 Meridian St

    Lot size
    51.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 51-acre commercial land parcel presents a remarkable development opportunity in Huntsville, Alabama. Strategically located at 5150 Meridian Street, this property boasts 670 feet of frontage on Meridian Street, offering significant visibility and accessibility. The land is comprised of two distinct zoning classifications: approximately 18 acres are zoned for Light Industry, while the remaining approximately 33 acres are zoned R-1 and R-2 Residential, providing flexibility for a mixed-use development. Madison County assessment records indicate roughly 23 acres of open land. Situated east of Memorial Parkway and north of Winchester Road, behind Bennett Nursery, this location benefits from proximity to a burgeoning commercial area, including a new Food City and other developing properties, just one mile away. This property is being offered via a simultaneous live and online auction on Saturday, October 5, 2024, at 10:00 AM, held live on-site. The asking price of $2,750,000 is an estimate based on comparable recent sales and does not represent a minimum bid or reserve. This is a prime opportunity for investors and developers seeking a large-scale project in a rapidly growing area. The property's size, zoning versatility, and strategic location make it an ideal candidate for a variety of commercial and residential developments. Detailed zoning information and assessment records are available upon request. Don't miss this chance to acquire a significant piece of Huntsville real estate.

    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
    01089
    State
    Alabama
    Longitude
    -86.563751
    Latitude
    34.805484

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      Two light industry zoned parcels available near future bypass.
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      Land on Memorial Parkway

      Land available on N Memorial Parkway North, Huntsville, AL
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    Similar Nearby for Sale

    • $54,899

      Land For Sale Huntsville

      Land available in Huntsville, Alabama.
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      19.95 Acres

      Huntsville Land For Sale

      19.95 acre wooded land parcel in Huntsville, Alabama.
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    • $410,000

      North Huntsville Acreage For Sale

      1.52 acres in North Huntsville, ideal for restaurant development.
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      2.29 Acres

      Huntsville Commercial Land Opportunity

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    Similar Nearby for Lease

    • Contact for pricing

      Prime Corner Lot for Lease

      4.88 acres available for ground lease on Memorial Parkway.
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      Prime Corner Lot for Lease

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      Neighborhood Center Anchored by Dollar General

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      15,007 SF

      Huntsville Office Space For Rent

      Office suites with signage and walkable to amenities for lease.
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      High-Visibility Retail Space Available

      Retail and service center with suites from 514-5,165 SF.
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    • Contact for pricing

      Huntsville Retail Space Available

      Retail space available, 4,800 SqFt in Huntsville, Alabama.
      3423 Pulaski Pike NW, Huntsville, AL 35810
      View Details
    Request Owner's contact information
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    5150 Meridian St
    Huntsville, AL 35810
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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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    5150 Meridian St, Huntsville, AL, 35810
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