Madison Warehouse/Office on 0.77
For Sale
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126 CASTLE DR, Madison, AL 35758
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 Market155
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Property Features for 126 CASTLE DR
General Information
Standard status
Active
Size
3,600 SF
Lot size
0.77 Acres
Property subtype
Mixed Use
Occupancy
100%
Building Details
Year Built
1999
Stories
1
Listing Agency:
Triad Properties Corporation
Listed By:
John Kendall · License #AL
Source:
Crexi
Added: May 14
Changed: Sep 30
Last Checked: Oct 14 at 10:44PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,992
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,840
$919.8K
Cap Rate 7%
$657,029
$657.0K
Cap Rate 9%
$511,022
$511.0K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$72.1K $20.04/SF
− Vacancy
−$10.8K −$3.01/SF
EGI
$61.3K $17.03/SF
− OpEx
−$15.3K −$4.26/SF
NOI
$46.0K $12.78/SF
Area
Madison County, AL
Vacancy
15.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,840
Cap Rate 7%
$657,029
Cap Rate 9%
$511,022
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 35758, AL
48,192
Population
20,322
Households
2.4
Avg Household Size
38
Median Age
64%
College-Educated
98%
High-School Grad
27.2 sq mi
ZIP Area
1,772
Density / Sq Mi
$115,780
Median Household Income
$61,321
Median Earnings
$1,375
Median Rent
$336,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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
