Madison Warehouse/Office on 0.77
126 CASTLE DR Madison, AL 35758
126 CASTLE DR, Madison, AL, 35758
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For Sale
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3,600 SF warehouse/office space on 0.77 acres in Madison.
Property Size3,600 SF
Lot Size0.77 Acres
Price / SF$163.89
Days on Market64
Property Features for 126 CASTLE DR
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.77 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1999
Listing Agency
Triad Properties Corporation
Listed by
John Kendall · License #AL
Source
Crexi
Added: May 14 Checked: Jul 16 at 9:42 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Triad Properties Corporation
Investment Insights
Based on property information with market context.
Located in Madison, this property at 126 Castle Drive offers a 3,600 SF warehouse/office space situated on a 0.77-acre lot. The layout includes three private offices, a reception area, and a kitchenette. The property is suited for an owner-operator seeking a functional and accessible location for their business, with easy access to major thoroughfares.
Key Highlights
- 3,600 SF warehouse/office space ideal for an owner‑operator
- Situated on a 0.77‑acre lot in Madison
- Includes three private offices, a reception area, and a kitchenette
Local Financial Insights For Office B
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 | $72.1k | $20.04 |
| − Vacancy | −$10.8k | −$3.01 |
| EGI | $61.3k | $17.03 |
| − OpEx | −$15.3k | −$4.26 |
| NOI | $46.0k | $12.78 |
3,600 SF · lease $20.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$657.0K
$574.9K – $766.5K
NOI $45,992 @ 7.0% cap · market cap 7.80%
Second Best
Mixed Use
$621.0K
$543.4K – $724.5K
NOI $43,470 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$937.4K
$820.3K – $1.09M
NOI $65,621 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Integrity Home Repair
Construction Company
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FAQs
What type of property is this?
Mixed-use property - 3,600 SF warehouse/office space on 0.77 acres in Madison.
Where is this mixed-use property located?
The property is located at 126 CASTLE DR Madison, AL.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: 3,600 SF warehouse/office space ideal for an owner‑operator; Situated on a 0.77‑acre lot in Madison; Includes three private offices, a reception area, and a kitchenette
