1525 Perimeter PkwyHuntsville, AL 35806

Property Details for 1525 Perimeter Pkwy

Year built

1989

Lot size

6.82 AC

Property size (Sq ft)

139,650 SF

Property type

Office buildings

APN

14-09-30-3-000-021.000

APU

1409303000021000

Description

This exceptional Class A office building, located at 1525 Perimeter Pkwy NW in Huntsville, Alabama (35806), offers 137,510 square feet of versatile space across five stories. The property, situated in Madison County near University Drive, features a single building with three elevators (two passenger, one service), recently renovated in 2020. The building boasts a prime location within Perimeter Corporate Park, offering convenient access to restaurants, shopping, and entertainment. Its proximity to Cummings Research Park and Redstone Arsenal (via Research Park Boulevard and I-565) provides unparalleled convenience for employees and clients. The building's modern design caters to various office needs, including creative, executive, and traditional office spaces. Currently, one 4,630 square foot space is available for lease in this multi-tenant building. The recently updated lobby and common areas enhance the overall professional atmosphere. This property offers the benefits of a Research Park location without the associated restrictions, making it an ideal choice for businesses seeking a prestigious and accessible Huntsville address.

• CAP approach

  CAP return

  Valuation

  6%

  $29,536,584

  6.5%

  $27,264,538

  7%

  $25,317,072

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,747,586

  Geo Method

  $27,240,128

• Alternative Use

  Use

  Valuation

  Residential

  $33,808,028

  Hospitality

  $30,967,972

  Educational

  $25,764,990

  Medical

  $26,651,086

  Retail

  $40,078,872

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.746

Longitude

-86.6737

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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