469 Gillespie Road, Madison, AL 35758
- Added:
- Dec 27, 2025
- Days on Market:
- 164
- Last Refresh:
- Jun 9 at 12:06 pm
Property Features for 469 Gillespie Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- Size
- 1,956 SF
- Lot size
- 1.00 Acre
Utilities
- Sewer type
- Septic Tank
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Wood
Listing agent Alex Mukai License #99826 (256) 714-1300
Listing office Avanti Realty Services LLC 6079 Wall Triana Hwy, AL (256) 714-1300
Listing date Dec 27, 2025
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HighLights
- Un‑zoned land in the City of Madison, allowing for commercial, multi‑family, or medical facilities.
- Prime location in the heart of Madison.
- Versatile property suitable for various single‑use tenants (e.g., office, clinic, store, restaurant).
- New septic tank installed in 2009.
- Updated flooring and plumbing in bath & kitchen (2018).
- Includes storm shelter, two storage buildings, 8'x60' front porch, and 12x12 screened patio.
Overview
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.9k | $24.00 |
| − Vacancy | −$4.7k | −$2.40 |
| EGI | $42.2k | $21.60 |
| − OpEx | −$16.9k | −$8.64 |
| NOI | $25.3k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Madison
- State
- Alabama
- Longitude
- -86.756604
- Latitude
- 34.729267