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

    9238 Madison Blvd Madison, AL 35758

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office space available in Madison, suitable for various applications.

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Gregg Hess
    Source: Naiglobal

    Listing Agency: NAI Chase Commercial | Birmingham Listing Agent: Gregg Hess

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

    Learn more

    Overview

    Madison Office Centre Prime Space

    Meadow Green Office Centre, situated in Madison, Alabama, is designed to accommodate a range of uses including research and development, sales and service training, medical, computer, and high-technology applications. The property offers office spaces ranging from 2,000 to 10,000 square feet within the 107,770 square foot building.
    Location Intelligence

    Current Use by Public Records

    Robert L Geist, ... Physician North Alabama Family ... Counselor Anika Wilson, MD Physician Brandy Ortiz, Red ... Real Estate Agency Medical Exam Office Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.762016
    Latitude
    34.674587

    Nearby Similar for Sale

    • $1,995,000
      17,755 SF

      Madison Office Building For Sale

      Multi-tenant office building near I-565 in Madison, Alabama.
      26670 Success Dr, Madison, AL 35756
      View Details
    • $795,000
      3,375 SF

      Madison, AL Commercial Opportunity

      3,375 SF facility suitable for various businesses.
      1489 Slaughter Rd, Madison, AL 35758
      View Details
    • $859,000
      3,373 SF

      Madison Retail Property For Sale

      Commercial property in Madison, Alabama, suitable for retail businesses.
      401 Slaughter Rd, Madison, AL 35758
      View Details
    • $4,842,056
      119.04 Acres

      Prime Farmland Near Redstone Arsenal

      119-acre farmland convenient to Redstone Arsenal and surrounding cities.
      2507 SW Rockhouse Rd, Madison, AL 35756
      View Details
    • $379,000
      1,956 SF

      Unzoned Madison County Commercial Property

      Unzoned commercial property suitable for various business and medical uses.
      469 Gillespie Rd, Madison, AL 35758
      View Details
    • $354,900
      1,846 SF

      Madison Commercial Property For Sale

      Retail and office space available in Madison, Alabama.
      6578 Wall Triana Hwy, Madison, AL 35757
      View Details
    • $2,750,000
      14,600 SF

      Madison Commercial Property on Highway

      Spacious commercial property in Madison with excellent road frontage.
      8059 Alabama Hwy 72, Madison, AL 35758
      View Details
    • $6,139,100

      Net Lease Daycare Investment Opportunity

      Net lease daycare investment in Madison, Alabama, scheduled for completion October 2025.
      291 Pine Grove Rd, Madison, AL 35757
      View Details
    • $12,000,000

      New Marathon Travel Center

      Newly developed travel center with high traffic volume and easy access.
      6240 Greenbrier Pkwy NE, Madison, AL 35756
      View Details
    • $379,000
      1.00 Acre

      Commercial Property in Madison, AL

      Commercial property for sale in Madison, Alabama.
      469-1/2 Gillespie Rd, Madison, AL 35758
      View Details
    • $4,500,000

      Gas Station For Sale

      Gas station for sale with high traffic and easy access.
      6725 Swancott Rd, Madison, AL 35756
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available in Madison, suitable for various applications.
    Where is this office units located?
    The property is located at 9238 Madison Blvd Madison, AL.
    What is the asking price?
    The asking price for this property is $17.
    What are key features of this property?
    This property features: - Prime office space in the Meadow Green Office Centre.; - Suitable for research and development, sales and service training, medical, computer, and high technology applications.; - Located in the City of Madison.
    (256) 655-8483
    Request Owner's contact information
    9238 Madison Blvd 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.
    9238 Madison Blvd
    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
    9238 Madison Blvd 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
    Gregg Hess
    Real Estate License ID: #000108212-0
    (256) 655-8483 (256) 724-3632 (205) 201-7300
    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!