7500 Memorial PkwyHuntsville, AL 35802

Property Details for 7500 Memorial Pkwy

Year built

1988

Construction

WOOD

Lot size

1.84 AC

Property size (Sq ft)

1,128 SF

Property type

Office properties

Property subtype

Office buildings

APN

18-09-30-2-000-014.012

APU

1809302000014012

Description

This exceptional office property, located at 7500 S Memorial Pkwy in Huntsville, Alabama (zip code 35801), offers a diverse range of office spaces to suit various business needs. The property, situated on a 7.53-acre lot, comprises seven buildings with a total of 110,000 square feet. The building, constructed in 1986 and renovated in 2015, is classified as Class B and features a three-story design. Multiple tenancy options are available, with spaces ranging from a minimum of 1,977 square feet to a maximum contiguous space of 20,000 square feet. The property boasts ample parking with 506 spaces and includes one elevator for convenient access. Its zoning is C4, allowing for a mix of commercial uses. The location benefits from high visibility and foot traffic due to its combination of retail and office space. Its convenient location near Redstone Arsenal and the new Hays Farm development provides excellent access to a thriving business community and residential areas. The property is situated in the South Huntsville submarket of Madison County, Alabama, and is easily accessible from S. Memorial Pkwy and Blvd South. Several office options are available, including a first-floor space.

• CAP approach

  CAP return

  Valuation

  6%

  $238,577

  6.5%

  $220,225

  7%

  $204,494

• Comparable approach

  Method

  Valuation

  Relative Method

  $183,740

  Geo Method

  $220,028

• Alternative Use

  Use

  Valuation

  Residential

  $273,079

  Hospitality

  $250,139

  Educational

  $208,112

  Medical

  $215,270

  Retail

  $323,731

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.6678

Longitude

-86.5746

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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