Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8501 Whitesburg SE Dr Huntsville, AL 35802-3011
    Back to Search
    Property profile & analytics

    8501 Whitesburg SE Dr, Huntsville, AL 35802-3011

    View on Map
    • Outlet malls
    • 12,000 SF
    • 1.79 lot acres
    Off-Market
    Last Sale Feb 10, 2023
    Property ID
    US03-2018331
    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
    $1,105,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Goodwill Store & Donation Center / Discount Store

    Property Details for 8501 Whitesburg SE Dr

    Year built
    1984
    Lot size
    1.79 lot acres
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    18-09-31-1-002-043.002
    APU
    1809311002043002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 10, 2023 — Alabama Goodwill Industries INC Piedmont Companies INC Deed —
    Feb 10, 2023 $1,500,000 Piedmont Companies INC Alabama Goodwill Industries INC Warranty Deed $3.8M · Piedmont Fsb
    Oct 19, 2017 — Alabama Goodwill Industries In — Deed · related $740k · Servisfirst Bk
    — — Alabama Goodwill Industries In — Deed Of Trust · related $740k · Servisfirst Bk

    Description

    This exceptional 29,500-square-foot retail property is situated in south Huntsville, offering a unique blend of functional spaces. The building boasts 20,000 square feet of fully climate-controlled flex space, perfect for adaptable business needs, complemented by 9,500 square feet of traditional warehouse space. This versatile layout caters to a wide range of commercial enterprises. The property's high visibility and prominent location on Whitesburg Drive ensure excellent brand recognition and accessibility. Its strategic location offers immediate access to one of Huntsville's major thoroughfares, Whitesburg Drive, and is less than half a mile from Memorial Parkway (Highway 231), providing convenient access for employees and customers. Furthermore, its proximity to Redstone Arsenal via Martin Road adds significant appeal for businesses serving or supporting the Arsenal's operations. The substantial lot size is a key advantage, providing ample space for extensive parking to accommodate a large workforce or clientele, or even a laydown yard for storage or equipment. This property presents a rare opportunity to acquire a well-positioned, versatile commercial space in a thriving Huntsville location. The entire building is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific requirements. The property is located in Madison County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,326,000
      Market price range: $1.01M - $2.97M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,780,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5656
    Latitude
    34.6529
    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
    $0.00
    $62,220
    $128,220
    $190,440
    -
    $311,100
    $641,100
    $952,200

    Comparable in this City

    • Value Estimation
      $14,365,000
      175,364 SF

      2750 Carl T Jones SE Dr

      WHOLESALE OUTLET, DISCOUNT STORE
      2750 Carl T Jones SE Dr, Huntsville, AL 35802-4913
      View Details
    • Value Estimation
      $1,055,000
      13,125 SF

      8503 Whitesburg SE Dr

      WHOLESALE OUTLET, DISCOUNT STORE
      8503 Whitesburg SE Dr, Huntsville, AL 35802-3001
      View Details
    • Value Estimation
      $880,000
      10,800 SF

      8513 Whitesburg SE Dr

      WHOLESALE OUTLET, DISCOUNT STORE
      8513 Whitesburg SE Dr, Huntsville, AL 35802-3011
      View Details
    • Value Estimation
      $1,020,000
      75,490 SF

      7500 Memorial SW Pkwy

      SHOPPING CENTER, STRIP CENTER
      7500 Memorial SW Pkwy, Huntsville, AL 35802-2227
      View Details
    • Value Estimation
      $4,880,000
      75,490 SF

      7500 Memorial SW Pkwy

      SHOPPING CENTER, STRIP CENTER
      7500 Memorial SW Pkwy, Huntsville, AL 35802-2227
      View Details
    • Value Estimation
      $4,900,000
      75,491 SF

      7500 Memorial SW Pkwy

      SHOPPING CENTER, STRIP CENTER
      7500 Memorial SW Pkwy, Huntsville, AL 35802-2227
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Retail Space in Huntsville

      Neighborhood community center with retail, medical, and office suites available.
      7900 Bailey Cove Rd, Huntsville, AL 35802
      View Details
    • Contact for pricing

      Neighborhood Retail Center in Huntsville

      Prime retail space in affluent Huntsville neighborhood.
      7900 Bailey Cove Rd, Huntsville, AL 35802
      View Details
    • Contact for pricing
      27,001 SF

      Huntsville Multi-Purpose Office Park

      27,001 SF multi-purpose office park for sale in Huntsville, AL.
      8300 Whitesburg Dr SE, Huntsville, AL 35802
      View Details
    • $284,000

      Land for Sale

      Land available in Huntsville, Alabama.
      22 Ridge Dr South, Huntsville, AL 35802
      View Details
    • $1,700,000
      74.00 Acres

      Unrestricted Land in New Market

      74+/- acres of unrestricted land in New Market, Alabama.
      Joe Quick Rd, Huntsville, AL 35802
      View Details
    • $475,000
      0.31 Acres

      Residential Land in Golf Community

      Corner lot in Ledges Golf Community ready for your dream home.
      150 Ledge View Dr, Huntsville, AL 35802
      View Details

    Similar Nearby for Lease

    • 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
      1,790 SF

      Huntsville Retail Space For Rent

      Retail suites available in Huntsville, recently renovated with resurfaced parking.
      9009 Memorial Pkwy SW, Huntsville, AL 35802
      View Details
    • $26 SF/Yr

      Retail Space in Jones Valley

      Retail space for lease in high-traffic Jones Valley area.
      2030 Cecil Ashburn Dr, Huntsville, AL 35802
      View Details
    • Contact for pricing

      Huntsville Retail/Medical/Office Space Available

      6638 SF space in high-visibility Huntsville shopping center.
      7900 Bailey Cove Rd SE, Huntsville, AL 35802
      View Details
    • Contact for pricing
      26,090 SF

      Huntsville Office Suite - 4,250 SF

      Prime Huntsville office space, recently renovated.
      8300 Whitesburg Dr, 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
    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.
    8501 Whitesburg SE Dr
    Huntsville, AL 35802-3011
    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
    8501 Whitesburg SE Dr, Huntsville, AL, 35802
    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!