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

    102 Essex Ct, Unit C Madison, AL 35758

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18 SF/Yr

    Class A medical/office space with exam and procedure rooms.

    Property Features for 102 Essex Ct

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Dustin Taylor
    Source: Crexi

    Listing Agency: Taylor Properties Listing Agent: Dustin Taylor

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Professional Office Space in Madison

    This Class A professional office space is available for rent in Madison, Alabama. The suite features 3 exam rooms, a procedure room, a doctor's executive office, a reception area, a waiting area, a conference room, and a kitchenette. It also includes a nurses' station and 2 restrooms. Monument signage is available.
    Location Intelligence

    Current Use by Public Records

    Jones Lana Counselor Dr. Jitendra A. Jain, ... Pediatrician Crestwood Medical Group ... Medical Clinic Elite Podiatry Medical Clinic Bright Starts Pediatrics Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Madison Animal Care Hospital, Dr. Brian Magee, Catisfaction Cat Clinic, Paradise Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.7538258
    Latitude
    34.6792879

    Nearby Similar for Lease

    • $3,000 /Mo
      1,050 SF

      Madison Live/Work Townhome For Rent

      Live/work townhome with retail/office space in Madison, AL.
      205 Mission St, Madison, AL 35756
      View Details
    • $17 SF/Yr
      24,200 SF

      Retail/Office Space in Madison, AL

      Multi-tenant retail center with high visibility and ample parking.
      3810 Sullivan St, Madison, AL 35758
      View Details
    • $16,000 /Mo
      24,000 SF

      Madison Commercial Flex Space Available

      24,000 SF flex space with office in Madison, AL.
      7109 Greenbrier Rd, Madison, AL 35756
      View Details
    • $7,000 /Mo
      4,971 SF

      Madison Office Space For Rent

      Office space available for lease in Madison, Alabama.
      235 Portal Ln, Madison, AL 35758
      View Details
    • $57,677
      100,000 SF

      Madison AL Warehouse For Lease

      100,000 SF warehouse in Madison, AL, near I-565.
      9324 Madison Blvd, Madison, AL 35758
      View Details
    • Contact for pricing

      Retail Space in Town Madison

      Endcap space in a dynamic mixed-use development with high visibility.
      125 Stadium Way, Madison, AL 35758
      View Details
    • $3,000 /Mo
      1,946 SF

      Live/Work Townhome with Commercial Space

      Townhome with business/retail/office space in Traditional Neighborhood Development.
      205 Mission St, Madison, AL 35756
      View Details
    • Contact for pricing

      Madison Office Warehouse with Yard

      Office warehouse for lease with excellent I-565 access.
      29599 Old Highway 20, Madison, AL 35756
      View Details
    • $21 SF/Yr

      Madison Blvd Professional Center Space

      Professional center space on Madison Blvd with signage opportunity.
      8331 Madison Blvd, Madison, AL 35758
      View Details
    • $12 SF/Yr

      Prime Retail/Medical Space on County Line

      Move-in ready space in thriving Madison corridor, ideal for medical/retail.
      10971 County Line Rd, Madison, AL 35758
      View Details
    • $30 SF/Yr

      Prime Retail Space in Madison

      Retail spaces available in a high-traffic, growing area.
      105 Brookridge Dr, Madison, AL 35758
      View Details
    • $7,150 /Mo
      10,000 SF

      Commercial Space in Madison, AL

      Commercial space available for lease in Madison, Alabama.
      7055 Greenbriar Rd, Madison, AL 35756
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Class A medical/office space with exam and procedure rooms.
    Where is this medical office space located?
    The property is located at 102 Essex Ct, Unit C Madison, AL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Class A professional office space; - Includes multiple exam rooms and a procedure room; - Features a doctor's executive office
    (256) 683-3876
    Request Owner's contact information
    102 Essex Ct, Unit C Madison, AL 35758
    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.
    102 Essex Ct, Unit C
    Madison, AL 35758
    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
    102 Essex Ct, Unit C Madison, AL 35758
    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

    We can help!
    Listing Contact
    Dustin Taylor
    Real Estate License ID: 86399
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!