Mixed-Use Commercial Property with
New
For Sale
$2,000,000
29730 + lot US Highway 72, Madison, AL 35758
Business Opportunity, Madison, AL
Property Size12,000 SF
Lot Size1.00 Acre
Price / SF$166.67
Days on Market5
Property Features for 29730 + lot US Highway 72
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bathroom 1, Bathroom 6, Bathroom 2, Bathroom 4, Bathroom 5
Parking features
Parking Lot, Oversize, Driveway
Window features
Display Window(s)
Exterior features
Lighting, Sidewalks
Accessibility
Accessible Doors
Subdivision
Phillips
Lot features
High Visibility
Directions
Hwy 72 Past Burgreen Road Multise Property Will Be On The Left Hand Side Past Reseda Nursery
Standard status
Active
APN
0907250002017.026
Size
12,000 SF
Lot size
1.00 Acre
Utilities
Sewer type
Septic Tank
Heating system
Propane (Heating)
Cooling system
Central Air
Water source
Public
Amenities
Loading Door
Building Details
Year built
1994
Floors in Building
2
Flooring type
Vinyl, Carpet
Roof type
Metal
Listing Agency:
Re/Max Unlimited · RE/MAX International
(256) 327-7600
Listed By:
Sherry Cox · License #46901
(256) 830-0393
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 14 at 3:06AM
MLS# 21928791
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.
Investment Insights
Based on property information with market context.
This mixed-use commercial property contains approximately 12,000 square feet on a 1-acre site. The main level provides three commercial entrances, while a 4,040-square-foot unfinished upper-level room has its own entrance. The interior includes two full kitchens, an apartment with appliances, six bathrooms, and a loading door. Interior walls are non-load-bearing, allowing the existing arrangement to be reconfigured. Carpet and vinyl flooring, central air, propane heat, accessible doors, and a metal roof are also in place.
Positioned on US Highway 72 in Madison, Alabama, the property includes a 1/2-acre level parking area with driveway, parking-lot, and oversized parking features. Public water and septic service serve the site, with sidewalks and exterior lighting among the improvements. Prior occupants included churches, a school, and offices.
Positioned on US Highway 72 in Madison, Alabama, the property includes a 1/2-acre level parking area with driveway, parking-lot, and oversized parking features. Public water and septic service serve the site, with sidewalks and exterior lighting among the improvements. Prior occupants included churches, a school, and offices.
Key Highlights
- Approximately 12,000 square feet on a 1‑acre site
- 4,040‑square‑foot unfinished upper‑level room with separate entrance
- Three commercial entrances on the main level
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$144,900
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,898,000
$2.9M
Cap Rate 7%
$2,070,000
$2.1M
Cap Rate 9%
$1,610,000
$1.6M
Market Conditions
NOI Build-Up for 12,000 SF
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.
Gross rent
$252.0K $21.00/SF
− Vacancy
−$20.2K −$1.68/SF
EGI
$231.8K $19.32/SF
− OpEx
−$86.9K −$7.25/SF
NOI
$144.9K $12.08/SF
Area
Madison County, AL
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,898,000
Cap Rate 7%
$2,070,000
Cap Rate 9%
$1,610,000
Alternative Uses
Best Use
Mixed Use
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.65M
NOI $218,736 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
77
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial building on US Highway 72 with multiple entrances, an apartment, and adaptable interior space.
Where is this mixed-use property located?
The property is located at 29730 + lot US Highway 72 Madison, AL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 12,000 square feet on a 1‑acre site; 4,040‑square‑foot unfinished upper‑level room with separate entrance; Three commercial entrances on the main level
