1807 University DrHuntsville, AL 35801

Property Details for 1807 University Dr

Year built

1975

Construction

WOOD

Lot size

0.20 AC

Property size (Sq ft)

2,016 SF

Property type

Medical offices

Property subtype

Medical centers

APN

14-07-35-1-003-012.000

APU

1407351003012000

Description

This exceptional 2,284 square foot medical office building in Huntsville, Alabama, presents a unique investment opportunity. Built in 1975 and renovated in 2015, this Class B property features a one-and-a-half-story design with a brick veneer exterior and metal roof. The ground floor encompasses approximately 1,594 square feet and includes a welcoming waiting room, reception area, five examination rooms, a small lab, x-ray area, and two restrooms. The upper level, adding approximately 690 square feet, offers a breakroom, office space, storage, and a three-fixture restroom with a shower. The 0.4-acre lot provides ample parking with approximately 20 spaces. The property benefits from a five-year lease and is ideally situated at 1807 University Dr, Huntsville, AL 35801, in Madison County. The building's solid construction and recent renovations make it an attractive option for both owner-occupiers and investors seeking a stable, established medical practice location. The property's convenient location and established patient base contribute to its strong potential for continued success. This well-maintained building offers a blend of functionality and comfort, making it a highly desirable asset in the thriving Huntsville market.

• CAP approach

  CAP return

  Valuation

  6%

  $426,393

  6.5%

  $393,593

  7%

  $365,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $328,386

  Geo Method

  $393,241

• Alternative Use

  Use

  Valuation

  Residential

  $488,056

  Hospitality

  $447,056

  Educational

  $371,946

  Medical

  $384,738

  Retail

  $578,582

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7402

Longitude

-86.5965

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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