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Property profile & analytics
FOR LEASE
Investment properties
641 Wynn Dr Northwest Huntsville, AL 35816
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0553195
For Lease
1 / 10
$4,400,000
641 Wynn Dr Northwest, Huntsville, AL 35816
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,040 SF
Lot
4.15 ac (180,774 SF)
APN
14-09-32-2-000-020.001
UPID
US03-0553195
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
-
Penta Research Inc Engineering Consultant
-
The Tatitlek Corporation - Huntsville AL Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.63M
CAP Approach
CAP
$4.28M
Comparable Approach
Comparable
$5.68M
Blend (final)
Blend
$4.40M
Owner & transaction history
Landquest Properties LLC · 5 yrs held
Landquest Properties LLC
since 2021
Last sale
$3.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.7M
+36.6%
Office building
$3.7M
+7.4%
Retail stores
$3.5M
+3.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Huntsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,855,000
ML approach
$4,625,000
CAP Approach
CAP Return
Estimation
6%
$4,635,000
6.5%
$4,280,000
7%
$3,975,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,415,000
Current use
MEDICAL BUILDING
$4,665,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$3,665,000
Change: +7% · Conversion: Easy
RETAIL STORES
$3,545,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±10% · vs last sale $3.49M (Feb 4 2022)
Last sale anchor
$3.49M
Feb 4 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,014
Tax year 2023
Assessed value
$517,480
Assessed 2023
Previous assessed
$382,700
+35.2% YoY
Effective rate
5.80%
On assessed value
Assessed land
$114,960
Assessed improvement
$402,520
Land market value
$574,800
Improvement market value
$2,012,600
Total market value
$2,587,400
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
23,040 SF
Lot
4.15 ac (180,774 SF)
APN
14-09-32-2-000-020.001
UPID
US03-0553195
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$4.7M
OFFICE BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$3.5M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
4.15 ac
Current owner
From public records · entity-resolved
Landquest Properties LLC
Entity
Mailing address
561 E 36TH AVE STE #400, ANCHORAGE, AK 99503-4170
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2021
$2,700,000
Landquest Properties LLC
City Investment Company Ltd
Warranty Deed
$2,160,000 · Servisfirst Bank
Sep 30, 2009
—
City Investment Co Ltd
—
Trustees Deed
related
$1,800,000 · Servisfirst Bank
Feb 1, 2008
—
City Investment Co Ltd
—
Trustees Deed
related
$1,700,000 · First American Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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