4628 Commercial DrHuntsville, AL 35816

Property Details for 4628 Commercial Dr

Year built

1977

Lot size

0.43 AC

Property size (Sq ft)

7,500 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

14-08-33-1-001-026.000

APU

1408331001026000

Description

This exceptional 8,250-square-foot industrial property in Huntsville, Alabama, presents a unique investment opportunity. Located at 4628 Commercial Dr NW, 35816, this fee-simple property boasts a versatile design ideal for various uses, encompassing flex, manufacturing, and warehouse functionalities. Built in 1977, the single-story building features a spacious 7,400-square-foot warehouse area, partially heated and cooled, complemented by approximately 850 square feet of office space. The office area includes four individual offices and a reception area. The property sits on a 0.43-acre lot and includes a substantial 7,500-square-foot paved and fenced parking lot, providing ample space for approximately 15 vehicles. Three drive-in doors facilitate efficient loading and unloading. The ceiling height ranges from 12 to 14 feet, offering excellent vertical space. The property is zoned LI and is offered at $618,750, translating to $75 per square foot. The current owner is open to a short-term leaseback arrangement. This property offers a compelling blend of functionality, location, and potential, making it an attractive investment prospect in the thriving Huntsville market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,331,836

  6.5%

  $2,152,464

  7%

  $1,998,716

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,078,620

  Geo Method

  $3,686,634

• Alternative Use

  Use

  Valuation

  Residential

  $1,815,684

  Hospitality

  $1,663,156

  Educational

  $1,383,727

  Medical

  $1,431,315

  Retail

  $2,152,464

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7409

Longitude

-86.6308

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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