Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    13 Pension Row Madison, AL 35758

    • Commercial real estate
    • 5.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0483867
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 13 Pension Row

    Lot size
    5.60 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.6-acre parcel in Madison, Alabama, presents a remarkable residential development opportunity. Currently zoned R2, the property boasts pre-approved plans for ten single-family residential lots, simplifying the development process. Conveniently located just one block from Old Town Madison and a short five-minute drive from Huntsville International Airport, this location offers unparalleled access to amenities and transportation. The existing site plan, approved by the City of Madison, provides a solid foundation for immediate development. The property also includes three existing buildings, offering flexibility for developers who may wish to incorporate them into their plans. This presents a unique opportunity to leverage existing structures or create a completely new residential community. The sellers are highly motivated and are open to exploring owner financing options to facilitate a smooth transaction. Furthermore, they are also willing to consider joint venture partnerships with prospective buyers interested in developing one or more of the lots, providing a collaborative approach to realizing the full potential of this prime real estate. This is an exceptional opportunity for developers seeking a turnkey project in a highly desirable location. The property is located at 13 Pension Row, Madison, AL 35758, in Madison County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.755195547738
    Latitude
    34.693520669296

    Comparable in this City

    • $3,000,000
      5.40 Acres

      Huntsville Land - Hwy 72 Commercial

      5.4 Acres, C4 Zoning, Prime Location
      8809 Us Highway 72, Madison, AL 35758
      View Details
    • $2,290,000
      11.60 Acres

      Madison, AL Development Land

      11.6 Acres, Multi-Use Zoning, $2.29M
      1655 Slaughter Rd, Madison, AL 35758
      View Details
    • $299,000
      1.93 Acres

      Madison Residential Land - Prime Location

      1.93 Acres, R-1A Zoning, High Growth Area
      5296 Wall Triana Hwy, Madison, AL 35758
      View Details
    • $419,000
      2.30 Acres

      Summerview Townhome Development

      8 Lots, Madison, AL - Build to Rent
      0 Summerview Dr, Madison, AL 35758
      View Details
    • $450,000
      0.35 Acres

      Madison Quadplex Investment Opportunity

      Well-maintained quadplex in Madison City Schools district.
      149 Angela Dr, Madison, AL 35758
      View Details
    • $279,900

      End Unit Townhome in Madison

      Townhome in Edgewater Community with updated kitchen and outdoor spaces.
      244 West Lake Cir, Madison, AL 35758
      View Details

    Similar Nearby for Sale

    • $3,000,000
      5.40 Acres

      Huntsville Land - Hwy 72 Commercial

      5.4 Acres, C4 Zoning, Prime Location
      8809 Us Highway 72, Madison, AL 35758
      View Details
    • $2,290,000
      11.60 Acres

      Madison, AL Development Land

      11.6 Acres, Multi-Use Zoning, $2.29M
      1655 Slaughter Rd, Madison, AL 35758
      View Details
    • $299,000
      1.93 Acres

      Madison Residential Land - Prime Location

      1.93 Acres, R-1A Zoning, High Growth Area
      5296 Wall Triana Hwy, Madison, AL 35758
      View Details
    • $419,000
      2.30 Acres

      Summerview Townhome Development

      8 Lots, Madison, AL - Build to Rent
      0 Summerview Dr, Madison, AL 35758
      View Details
    • $450,000
      0.35 Acres

      Madison Quadplex Investment Opportunity

      Well-maintained quadplex in Madison City Schools district.
      149 Angela Dr, Madison, AL 35758
      View Details
    • $279,900

      End Unit Townhome in Madison

      Townhome in Edgewater Community with updated kitchen and outdoor spaces.
      244 West Lake Cir, Madison, AL 35758
      View Details

    Similar Nearby for Lease

    • $995 /Mo
      864 SF

      Madison Condo For Rent

      Condo in the heart of Madison, walking distance to schools.
      103 Jodi Dr, Madison, AL 35758
      View Details
    • $995 /Mo

      Madison Condo For Rent

      Condo in the heart of Madison, walking distance to schools.
      102 Jodi Dr, Madison, AL 35758
      View Details
    • $995 /Mo
      864 SF

      Madison Condo For Rent

      Condo in the heart of Madison, walking distance to schools.
      102 Jodi Dr, Madison, AL 35758
      View Details
    • Contact for pricing
      1 SF

      Huntsville Retail Land Opportunity

      Prime 1.13-acre retail pad site.
      72 & County Line Rd, Madison, AL 35758
      View Details
    • Contact for pricing
      35,000 SF

      Madison County Industrial Campus

      Two modern warehouses, build-to-suit options.
      0 Palmer Rd, Madison, AL 35758
      View Details
    • Contact for pricing
      10,150 SF

      Madison Market Retail Spaces

      High-traffic retail spaces in Madison, AL
      97 Hughes Rd, Madison, AL 35758
      View Details
    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.
    13 Pension Row
    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
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.