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Property profile & analytics
OFF-MARKET
Retail space

5850 University NW Dr Huntsville, AL 35806-2515

15,361 SF 9.76 ac lot Built 1995
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-0963712
Property summary
AI-generated overview

University Plaza, a prime retail investment opportunity in Huntsville, Alabama, presents a unique chance to acquire space within a thriving shopping center. This two-building, single-story center boasts a highly desirable location on University Drive/Highway 72, a major retail corridor. The property enjoys exceptional visibility and accessibility, situated directly across from the Midcity District and on the perimeter of Cummings Research Park. Its strategic position offers convenient access to a significant population base, with Redstone Gateway just 3.5 miles away and Redstone Arsenal/Gate 9 only 4.5 miles distant. The center benefits from a substantial daily traffic count of 53,000 vehicles per day, ensuring high exposure for tenants. Currently, there is approximately 4,439 square feet of retail space available for lease. Strong co-tenancy adds to the property's appeal, with established businesses such as HomeGoods, Best Buy, Office Depot, and Pier 88 Seafood Restaurant already in place. Further enhancing the property's value is the presence of approximately 1,000 new multi-family units within a 3-mile radius, providing a robust and growing customer base. This exceptional retail center offers a compelling investment opportunity in a dynamic and rapidly expanding market. The available space presents a rare chance to establish a presence in one of Huntsville's most sought-after retail locations.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1995
Total area 15,361 SF
Lot 9.76 ac (425,276 SF)
APN 14-09-31-0-000-003.000
UPID US03-0963712
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
Current use
Occupant on record · Public records
  • Geek Squad Tech Support Center (Bike/Boat/Book/etc) Store
  • Primo Water Exchange Big Box & Wholesale Store
  • Office Depot Print & Copy Services (Bike/Boat/Book/etc) Store Printing Service
  • University Plaza Shopping Center & Mall
  • HomeGoods Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mpg University Plaza Owner LLC · 3 yrs held
Mpg University Plaza Owner LLC
since 2023
Last sale
$14.9M
5 recorded transactions
2023
$14.9M
2019
$9.8M
2015
$5.9M
2015
$8.0M
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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