Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    709 Memorial NW Pkwy Huntsville, AL 35801-5829
    Property profile & analytics

    709 Memorial NW Pkwy, Huntsville, AL 35801-5829

    View on Map
    • Retail space
    • 6,880 SF
    • 0.34 lot acres
    Off-Market
    Last Sale Dec 18, 2023
    $500,000
    Property ID
    US03-0925232
    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
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 709 Memorial NW Pkwy

    Year built
    1964
    Lot size
    0.34 lot acres
    Property type
    Retail space
    APN
    14-07-35-2-006-073.000
    APU
    1407352006073000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 18, 2023 $500,000 Randall A Schrimsher Margo Anne Hughes Warranty Deed $260k · Merit Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $465,000
      ML approach
      $535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $529,000
      Market price range: $530k - $1.67M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5989
    Latitude
    34.7357
    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
    $2,375
    $8,900
    $32,040
    $40,940
    -
    $44,500
    $160,200
    $204,700

    Comparable in this City

    • Value Estimation by Request
      4,050 SF

      1212 Hundley NW Dr

      RETAIL STORES (PERSONAL SERVICES)
      1212 Hundley NW Dr, Huntsville, AL 35801-5733
      View Details
    • Value Estimation by Request
      1,460 SF

      818 Andrew Jackson NE Way

      RETAIL STORES (PERSONAL SERVICES)
      818 Andrew Jackson NE Way, Huntsville, AL 35801
      View Details
    • Value Estimation by Request
      0.06 Acres

      705 Cook NW Ave

      RETAIL STORES (PERSONAL SERVICES)
      705 Cook NW Ave, Huntsville, AL 35801-5720
      View Details
    • Value Estimation by Request
      1,890 SF

      521 Fountain SW Row

      RETAIL STORES (PERSONAL SERVICES)
      521 Fountain SW Row, Huntsville, AL 35801-4335
      View Details
    • Value Estimation
      $755,000
      7,020 SF

      3055 Leeman Fry SW Rd

      RETAIL STORES (PERSONAL SERVICES)
      3055 Leeman Fry SW Rd, Huntsville, AL 35801-5614
      View Details
    • Value Estimation
      $12,115,000
      63,462 SF

      2900 Memorial SW Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      2900 Memorial SW Pkwy, Huntsville, AL 35801-5634
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,988 SF

      High-Traffic Retail Space Available

      Retail space with high visibility and excellent growth potential.
      2800 Memorial Pkwy SW, Huntsville, AL 35801
      View Details
    • Contact for pricing

      New Class A Office/Retail Space

      High visibility, new construction office and retail space for sale.
      3409 Memorial Pkwy SW, Huntsville, AL 35801
      View Details
    • Contact for pricing
      4,570 SF

      Huntsville Retail Building For Sale

      4,570 SF retail building in high-traffic Huntsville location.
      1001 Memorial Pkwy N, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Huntsville Office Building in CBD

      Class B office building in Huntsville's prime Central Business District.
      308 Clinton Ave W, Huntsville, AL 35801
      View Details
    • $2,250,000

      Huntsville Commercial Land - Airport Rd

      Prime Commercial Land, Southeast Huntsville
      0 Airport Rd, 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

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Memorial Parkway

      Retail space available in a highly trafficked Huntsville location.
      1407 Memorial Pkwy NW, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Mixed-Use Property with Warehouse

      Office/retail with warehouse, roll-up door, and side load dock.
      3055 Leeman Ferry Rd SW, Huntsville, AL 35801
      View Details
    • $6,500 /Mo

      Huntsville Retail Space For Rent

      Retail space available on University Drive in Huntsville, Alabama.
      1847 University Dr NW, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Historic Mill Destination with Modern Amenities

      Premier Huntsville destination with office, retail, and food & beverage.
      1300 Meridian St N, Huntsville, AL 35801
      View Details
    • Contact for pricing

      High-Traffic Retail and Office Space

      Retail, food & beverage, and office space in Huntsville, AL.
      3312 S Memorial Pkwy, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Huntsville Retail/Automotive/Service Space Available

      Ideally located retail space for lease on busy Huntsville Road.
      3030 Memorial Pkwy SW, 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.
    709 Memorial NW Pkwy
    Huntsville, AL 35801-5829
    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
    709 Memorial NW Pkwy, 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!