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    8415 Whitesburg SE Dr Huntsville, AL 35802-3053
    Property profile & analytics

    8415 Whitesburg SE Dr, Huntsville, AL 35802-3053

    View on Map
    • Investment properties
    • 6,000 SF
    • 2.36 lot acres
    Off-Market
    Property ID
    US03-0645137
    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
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jorge De Aguinaga Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • Caity's Pet Grooming / Pet Grooming Service
    • Serenity Hair Studio / Hair Salon / Nail Salon
    • Venue4You / Hotel & Motel / Resort

    Property Details for 8415 Whitesburg SE Dr

    Year built
    2002
    Lot size
    2.36 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    18-09-31-1-002-043.000
    APU
    1809311002043000

    Description

    This newly renovated, 15,000 square foot retail center at 8415 Whitesburg Drive in Huntsville, Alabama offers seven suites, with 11,423 square feet currently available. Spaces range from 919 to 6,000 contiguous square feet, ideal for a variety of retail tenants. Located in Madison County's desirable Jones Valley area, the property benefits from high visibility and convenient access to major transportation routes, including North and South Memorial Parkway. Its strategic location near Grissom High School, the post office, and numerous local amenities ensures consistent foot traffic and a strong customer base. The surrounding area is anchored by affluent neighborhoods, providing a steady stream of potential customers. The property underwent renovations in 2023, offering modern and updated spaces for businesses. This single-story building presents a fantastic opportunity for businesses seeking a prime retail location in a thriving Huntsville community. The property's convenient access and strong demographics make it an attractive investment for businesses looking to establish or expand their presence in this dynamic market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,210,000
      6.5%
      $1,115,000
      7%
      $1,035,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $789,000
      Market price range: $211k - $789k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $890,000
      Current use
      MEDICAL BUILDING
      $1,215,000
      Change: +37% Conversion: Easy
      OFFICE BUILDING
      $955,000
      Change: +7% Conversion: Easy
      RETAIL STORES
      $925,000
      Change: +4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5656
    Latitude
    34.6536
    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
    $17,922
    $82,380
    $226,620
    $309,000
    -
    $411,900
    $1,133,100
    $1,545,000

    Comparable in this City

    • Value Estimation
      $4,130,000
      29,520 SF

      8920 Memorial SW Pkwy

      STORE/OFFICE (MIXED USE)
      8920 Memorial SW Pkwy, Huntsville, AL 35802-3029
      View Details
    • Value Estimation
      $520,000
      0.67 Acres

      9020 Memorial SW Pkwy

      STORE/OFFICE (MIXED USE)
      9020 Memorial SW Pkwy, Huntsville, AL 35802-3070
      View Details
    • Value Estimation
      $1,710,000
      14,300 SF

      9013 Memorial SE Pkwy

      STORE/OFFICE (MIXED USE)
      9013 Memorial SE Pkwy, Huntsville, AL 35802-3026
      View Details
    • Value Estimation
      $885,000
      4,750 SF

      7900 Bailey Cv SE Rd

      STORE/OFFICE (MIXED USE)
      7900 Bailey Cv SE Rd, Huntsville, AL 35802-3324
      View Details
    • Value Estimation
      $1,870,000
      9,936 SF

      2785 Carl T Jones SE Dr

      STORE/OFFICE (MIXED USE)
      2785 Carl T Jones SE Dr, Huntsville, AL 35802-4946
      View Details
    • Value Estimation
      $2,915,000
      15,508 SF

      2030 Cecil Ashburn SE Dr

      STORE/OFFICE (MIXED USE)
      2030 Cecil Ashburn SE Dr, Huntsville, AL 35802-2561
      View Details

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      Huntsville Fourplex with Townhouse Units

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      Residential Land in Huntsville, AL

      Residential land near shopping and downtown Huntsville with valley views.
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      Residential Land in Gated Community

      Residential land in Huntsville's premier golf course community.
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      Residential land in a gated community with stunning views.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Jones Valley

      Retail space available in Huntsville's Jones Valley area.
      2030 Cecil Ashburn Dr, Huntsville, AL 35802
      View Details
    • Contact for pricing

      New Retail and Office Space

      New commercial spaces for lease in Huntsville, Alabama.
      2626 Carl T Jones Dr SE, Huntsville, AL 35802
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space in Huntsville's high-income area with excellent visibility.
      5000 Whitesburg Dr, Huntsville, AL 35802
      View Details
    • Contact for pricing

      New Retail Space in Huntsville

      Dining, shopping, and service-oriented spaces in growing Huntsville area.
      Haysland Rd SW, Huntsville, AL 35802
      View Details
    • Contact for pricing
      10,000 SF

      Modern Climate-Controlled Flex Space

      Modern, climate-controlled flex units ideal for storage, inventory, operations.
      4049 Chris Dr SW, Huntsville, AL 35802
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Huntsville, Alabama.
      2742 Carl T Jones Dr SE, Huntsville, AL 35802
      View Details
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    Huntsville, AL 35802-3053
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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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