Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    602 Davis SW Cir Huntsville, AL 35801-5014
    Back to Search
    Property profile & analytics

    602 Davis SW Cir Huntsville, AL 35801-5014

    View on Map
    • Medical Office Space
    • 2,987 SF
    • 0.10 lot acres
    Off-Market
    Property ID
    US03-1263208
    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

    • Kenneth A Alongi DMD , PC / Dental Office
    • Davis Circle Complex / Dental Office

    Property Details for 602 Davis SW Cir

    Year built
    1974
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    2,987 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    17-01-01-2-000-023.000-CONDO
    APU
    1701012000023000CONDO

    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
    -86.5878
    Latitude
    34.7238
    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
    $4,987
    $21,700
    $64,280
    $85,980
    -
    $108,500
    $321,400
    $429,900

    Comparable in this City

    • Value Estimation by Request
      2,754 SF

      520 Madison SE St

      MEDICAL BUILDING • 2,754 SF
      520 Madison SE St, Huntsville, AL 35801-4224
      View Details
    • Value Estimation
      $760,000
      3,798 SF

      1111 Gleneagles SW Dr

      MEDICAL BUILDING • 3,798 SF
      1111 Gleneagles SW Dr, Huntsville, AL 35801-7417
      View Details
    • Value Estimation
      $965,000
      7,570 SF

      2325 Pansy SW St

      MEDICAL BUILDING • 7,570 SF
      2325 Pansy SW St, Huntsville, AL 35801-3834
      View Details
    • Value Estimation by Request
      2,854 SF

      4038 Balmoral SW Dr

      MEDICAL BUILDING • 2,854 SF
      4038 Balmoral SW Dr, Huntsville, AL 35801-6421
      View Details
    • Value Estimation
      $1,275,000
      9,158 SF

      4000 Balmoral SW Dr

      MEDICAL BUILDING • 9,158 SF
      4000 Balmoral SW Dr, Huntsville, AL 35801-7430
      View Details
    • Value Estimation
      $2,500,000
      12,219 SF

      4007 Balmoral SW Dr

      MEDICAL BUILDING • 12,219 SF
      4007 Balmoral SW Dr, Huntsville, AL 35801
      View Details

    Similar Nearby for Sale

    • $395,000
      Pending

      Medical Office Near Crestwood Center

      Medical office space for sale or lease in Huntsville, Alabama.
      333 Whitesport Dr, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Historic Yarbrough Office Building

      Boutique office building in downtown Huntsville entertainment district.
      120 E Holmes Ave, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Modern Office with Open Design

      Sleek office space with parking and rooftop terrace.
      200 Davis Cir Sw, Huntsville, AL 35801
      View Details
    • Contact for pricing
      2,500 SF

      Huntsville Office Space - 2500 sq ft

      Modern Huntsville office, prime location. Great value.
      303 Williams Ave, Huntsville, AL 35801
      View Details
    • Contact for pricing
      4,102 SF

      Huntsville Stand-Alone Brick Office Building

      Stand-alone brick office building with multiple offices and amenities.
      929 Merchants Walk, Huntsville, AL 35801
      View Details
    • Contact for pricing
      3,850 SF

      Huntsville Office Space - Medical District

      Affordable Office Suite, Huntsville Medical District
      220 Rhett Ave, Huntsville, AL 35801
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Huntsville Medical Office Space Available

      Two-story medical office building with high visibility and accessibility.
      1311 Memorial Pkwy NW, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Class A Office/Medical Building

      Four-story office and medical building near Memorial Parkway.
      3501 Memorial Pkwy SW, Huntsville, AL 35801
      View Details
    • Contact for pricing

      New Building on South Parkway

      New 7,600 SF building suitable for office, medical, retail.
      3409 Memorial Pkwy SW, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space for lease or sale near hospitals.
      101 Bob Wallace Ave SW, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Flexible Property on Memorial Parkway

      Adaptable space for industrial, warehouse, office, or service-oriented businesses.
      2518 Memorial Pkwy SW, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Downtown Huntsville Office Space Available

      Mid-century modern office building in the heart of Downtown.
      200 West Westside Sq, Huntsville, AL 35801
      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.
    602 Davis SW Cir
    Huntsville, AL 35801-5014
    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
    602 Davis SW Cir, Huntsville, AL, 35801
    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!