Diner Property with
For Sale
$800,000
Pending
234 LIME QUARRY ROAD, Madison, AL 35758
Commercial Sale, MADISON, AL
Property Size2,924 SF
Lot Size1.00 Acre
Days on Market488
Property Features for 234 LIME QUARRY ROAD
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
High Visibility
Directions
I565 to Madison Blvd, R on Lime Quarry Rd, business will be on the L
Standard status
Pending
Size
2,924 SF
Lot size
1.00 Acre
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Tax Description
ALL TH PT OF THE SW1/4 OF SEC 21 DESC AS BEG AT A PT ON THE S MAR OF LIME QUARRY RD SD PT BEING W 1088.89 FT & S 25.0 FT FR THE CEN OF SD SEC 21 TH FR THE P/O/B S 456.58 FT TH W 122.94 FT TH N 397.93 FT A PT ON THE S MAR OF A PUB RD TH N 63 DEG E ALG THE
Legal Description
ALL TH PT OF THE SW1/4 OF SEC 21 DESC AS BEG AT A PT ON THE S MAR OF LIME QUARRY RD SD PT BEING W 1088.89 FT & S 25.0 FT FR THE CEN OF SD SEC 21 TH FR THE P/O/B S 456.58 FT TH W 122.94 FT TH N 397.93 FT A PT ON THE S MAR OF A PUB RD TH N 63 DEG E ALG THE
Utilities
Water source
Public
Amenities
revenue producing billboard
Building Details
Floors in Building
1
Listing Agency:
SR4 Realty LLC
Listed By:
Kevin Rice · License #131679
(256) 735-3932
Added: Jun 29, 2025
Changed: Oct 29
Last Checked: Oct 29 at 10:06PM
MLS# 21892917
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property contains 2,924 square feet and is currently occupied by a diner. The site encompasses two lots totaling 1 acre, with customer parking and a billboard that produces revenue. Public water serves the property.
The property is described as minutes from Toyota Field, I-565, and downtown Huntsville.
The property is described as minutes from Toyota Field, I-565, and downtown Huntsville.
Key Highlights
- 2,924‑square‑foot commercial property with a diner in operation
- Two lots totaling 1 acre
- Revenue‑producing billboard on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,842
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,840
$816.8K
Cap Rate 7%
$583,457
$583.5K
Cap Rate 9%
$453,800
$453.8K
Market Conditions
NOI Build-Up for 2,924 SF
Gross rent
$56.1K $19.20/SF
− Vacancy
−$1.7K −$0.58/SF
EGI
$54.5K $18.62/SF
− OpEx
−$13.6K −$4.66/SF
NOI
$40.8K $13.97/SF
Area
Madison County, AL
Vacancy
3.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,840
Cap Rate 7%
$583,457
Cap Rate 9%
$453,800
Alternative Uses
Best Use
Specialty Retail
$583.5K
$510.5K – $680.7K
NOI $40,842 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$761.4K
$666.2K – $888.3K
NOI $53,299 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
220k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 19%
Superstores 15%
Apparel 6%
BJ's Wholesale Club
Superstores
33,339 visits/mo
0.3 miles
McDonald's
Dining
23,101 visits/mo
0.2 miles
Taco Bell
Dining
15,455 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
13,169 visits/mo
0.4 miles
Duluth Trading Company
Apparel
13,060 visits/mo
0.2 miles
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Breakfast & diner - An operating diner occupies the commercial property, which also includes a revenue-producing billboard.
Where is this breakfast & diner located?
The property is located at 234 LIME QUARRY ROAD Madison, AL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 2,924‑square‑foot commercial property with a diner in operation; Two lots totaling 1 acre; Revenue‑producing billboard on site
