Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29111 Highway 72 Madison, AL 35756

    View on Map
    Claim this Listing
    For Sale
    $675,000

    COMMERCIAL - Madison, AL

    Lot size:
    1.24 Acres
    Added:
    Jun 13, 2025
    Days on Market:
    320
    Last Refresh:
    Apr 28 at 3:06 pm

    Property Features for 29111 Highway 72

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0907260000008000
    Lot size
    1.24 Acres

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Blake Johnson

    Listing agent Blake Johnson License #124644

    Listing office Keller Williams Realty Madison 1593 A Hughes Rd, Madison, AL

    Listing date Jun 13, 2025

    MLS# 21891598 Listing URL

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway 72 Commercial Land

    This 1.24-acre commercial land parcel features 200 feet of frontage on Highway 72, situated in an area experiencing rapid growth. The property is located on the major thoroughfare connecting Highway 72 and Holladay Lane, offering close proximity to Clift Farm and Redstone. It is ideally suited for multifamily, retail, or industrial development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store Storage Facility Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.8029
    Latitude
    34.6687

    Nearby Similar for Sale

    • $379,000
      1,956 SF

      Unzoned Madison County Commercial Property

      Unzoned commercial property suitable for various business and medical uses.
      469 Gillespie Road, Madison, AL 35758
      View Details
    • $399,900

      Unzoned Land Near Highway 72

      6 +/- acres with commercial, multi-family, or residential potential.
      6A Nance Road, Madison, AL 35757
      View Details
    • $800,000

      Commercial Lot on Madison Blvd

      Prime commercial lot with high-traffic exposure near Huntsville Airport.
      Madison Blvd lot: 1, Madison, AL 35758
      View Details
    • $795,000
      3,375 SF

      Madison, AL Commercial Opportunity

      3,375 SF facility suitable for various businesses.
      1489 Slaughter Road, Madison, AL 35758
      View Details
    • $524,000

      Commercial Land on Highway 72

      Prime commercial land in Madison with high traffic volume.
      7627 Highway 72 W, Madison, AL 35758
      View Details
    • $450,000

      Undeveloped Land in Madison, AL

      Unzoned land near schools, restaurants, and shopping in Madison.
      105 Monrovia Cove Lane, Madison, AL 35757
      View Details
    • $350,000

      Madison Commercial Land For Sale

      5 acres of commercial land in Madison, Alabama.
      5 Mose Chapel Road, Madison, AL 35758
      View Details
    • $1,995,000
      17,755 SF

      Madison Office Building For Sale

      Multi-tenant office building near I-565 in Madison, Alabama.
      26670 Success Drive, Madison, AL 35756
      View Details
    • $2,500,000
      800 SF

      Unzoned Acreage Near Highway 72

      4.2 acres of unzoned land near Highway 72.
      30633 Highway 72, Madison, AL 35758
      View Details
    • $450,000

      Commercial Lot in Madison, AL

      Commercial lot for sale near schools, shopping, and aerospace.
      102 Ivory Place, Madison, AL 35758
      View Details
    • $1,200,000

      Commercial Land in Madison, AL

      Prime commercial land opportunity in Madison, Alabama.
      754 Hughes Road, Madison, AL 35758
      View Details
    • $4,285,044

      Prime Farmland Near Redstone Arsenal

      119-acre farmland with home near Redstone Arsenal and Tennessee River.
      2507 SW Rockhouse Road, Madison, AL 35756
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.24 acre commercial land with 200 ft frontage.
    Where is this commercial land located?
    The property is located at 29111 Highway 72 Madison, AL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 1.24 acres with **200 ft frontage on HWY 72**; Located in the path of rapid growth; Ideally suited for multifamily, retail, or industrial development
    (256) 497-4129
    We can help!
    Listing Contact
    Blake Johnson
    Real Estate License ID: 124644
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!