6459 University DrHuntsville, AL 35806

Property Details for 6459 University Dr

Year built

2002

Lot size

1.50 AC

Property size (Sq ft)

6,108 SF

Property type

Office buildings

APN

15-07-25-0-002-024.000

APU

1507250002024000

Description

This exceptional 6,000-square-foot Class A creative office building in Huntsville, Alabama, is available for sale at $1,500,000. Located on a 1.5-acre lot at 6459 University Drive, this single-story building boasts a prime location with 97 feet of frontage on a high-traffic corridor (approximately 51,200 cars daily). Recently renovated in 2021 with $1.5 million in improvements, the property features office space, a large reception area, a prep area, and a convenient roll-up door. The property is currently vacant and offered as a fee-simple ownership with a NNN lease type. Its strategic location offers easy access to Research Park Blvd (HWY 255), Interstate 565, and both Huntsville and Madison. The property benefits from strong tenant synergy, surrounded by numerous retail establishments including Target, Walmart, and CarMax, as well as residential areas, creating a robust consumer base. The building's previous use as an auto dealership provides adaptable space for various businesses. The pro-forma NOI is $102,000, resulting in a 6.80% pro-forma cap rate. The permitted zoning is CIP. This investment opportunity offers exceptional visibility and access within a vibrant retail/automotive corridor, just 0.6 miles from the Westside Center and six miles from downtown Huntsville.

• CAP approach

  CAP return

  Valuation

  6%

  $1,291,869

  6.5%

  $1,192,494

  7%

  $1,107,316

• Comparable approach

  Method

  Valuation

  Relative Method

  $994,932

  Geo Method

  $1,191,426

• Alternative Use

  Use

  Valuation

  Residential

  $1,478,693

  Hospitality

  $1,354,475

  Educational

  $1,126,907

  Medical

  $1,165,663

  Retail

  $1,752,966

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.7457

Longitude

-86.6862

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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