4812 Commercial DrHuntsville, AL 35816

Property Details for 4812 Commercial Dr

Year built

1978

Lot size

0.63 AC

Property size (Sq ft)

9,760 SF

Property type

Office properties

Property subtype

Office buildings

APN

14-08-33-2-001-004.001

APU

1408332001004001

Description

This exceptional investment opportunity presents a 9,760-square-foot single-tenant office and warehouse building situated at 4812 Commercial Drive NW in Huntsville, Alabama. The property, classified as Class C, was constructed in 1978 and sits on a 0.63-acre lot. The building's zoning is Light Industry (LI), allowing for a variety of commercial uses. The entire 9,760 square feet is currently vacant, presenting a unique chance for immediate occupancy and customization. The property boasts ample surface parking, a significant advantage for employees and clients. Its location in Northwest Huntsville offers convenient access to Highway 53 and University Drive, ensuring excellent visibility and accessibility. The combination of office and warehouse space makes this property ideal for businesses requiring both administrative space and substantial storage capacity. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Alabama market. The property's features, including its size, ample parking, and convenient location, make it an attractive investment for a wide range of businesses. The building's existing infrastructure provides a solid foundation for immediate use or potential renovation to suit specific business needs. The 35816 zip code further enhances its appeal within the Huntsville commercial real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,064,282

  6.5%

  $1,905,492

  7%

  $1,769,385

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,589,806

  Geo Method

  $1,903,786

• Alternative Use

  Use

  Valuation

  Residential

  $2,362,810

  Hospitality

  $2,164,321

  Educational

  $1,800,690

  Medical

  $1,862,618

  Retail

  $2,801,073

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7409

Longitude

-86.6362

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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