150 Park LoopHuntsville, AL 35806

Property Details for 150 Park Loop

Year built

1987

Lot size

2.83 AC

Property size (Sq ft)

56,038 SF

Property type

Office buildings

APN

15-07-25-0-002-040.000

APU

1507250002040000

Description

This three-story, 51,440-square-foot Class B office building at 150 West Park Loop NW, Huntsville, AL 35806, offers flexible space ideal for various business needs. The building, renovated in 2020, features one passenger elevator and is situated in Madison County's CIP - Commercial Industrial Park District zoning. Multiple tenancy options are available, ranging from 718 to 2,532 square feet. The property boasts a convenient location on the edge of Cummings Research Park, just south of University Drive, providing easy access to major highways (I-565), hotels, and retail destinations such as MidCity District, Village of Providence, and Bridge Street Town Centre. Its proximity to Redstone Arsenal's Gate 9 further enhances its appeal. This location offers the advantages of being near the Research Park without the associated restrictions. The building's traditional, executive, and creative office subtypes cater to a wide range of business styles.

• CAP approach

  CAP return

  Valuation

  6%

  $11,852,281

  6.5%

  $10,940,567

  7%

  $10,159,098

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,128,029

  Geo Method

  $10,930,772

• Alternative Use

  Use

  Valuation

  Residential

  $13,566,304

  Hospitality

  $12,426,661

  Educational

  $10,338,836

  Medical

  $10,694,405

  Retail

  $16,082,634

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7449

Longitude

-86.6908

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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