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

    8498 Madison Blvd. Madison, AL 35758

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    16,039 SF multi-tenant retail center in Madison County, Alabama.

    Type:Retail
    Property size:
    16,039 SF
    Lot size:
    1.68 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 1 at 11:47 am

    Property Features for 8498 Madison Blvd.

    General Information

    Standard status
    Active
    Size
    16,039 SF
    Lot size
    1.68 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2005

    Properties For Sale

    at 8498 Madison Blvd. Contact us

    We can help!

    Listing Contact
    Vanessa Morris
    Vanessa Morris

    Listing agent Vanessa Morris License #793240

    Listing office NAI Chase Commercial | Huntsville

    Listing date Apr 1, 2026

    Source Chasecommercial

    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 NAI Chase Commercial | Huntsville

    Overview

    Madison Festival Shopping Center Retail

    Madison Festival Shopping Center is a 16,039 square foot multi-tenant neighborhood retail center. The property is situated on a 1.68 acre site in Madison County, Alabama, within the Huntsville metropolitan area. The location benefits from high traffic counts and excellent accessibility and visibility via Highway 20 West (Madison Boulevard). The center is located next to a Walmart Super Center. It is positioned in one of the fastest-growing sections in the Huntsville area and across I-565 from the new mixed-use Town Madison development.
    Location Intelligence

    Current Use by Public Records

    Madison Health Mart ... Pharmacy AutoZone Auto Parts Auto Parts Store MS Companies Employment Agency Sports Bar-Ber, LLC Barber Shop Cloudy Dayz (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Madison Village Shopping Center — 9076 Madison Blvd, Madison, AL 35758
    • Meadow Green Centre — 9238 Madison Blvd, Madison, AL 35758
    • 9580 Business Center — 9580 Madison Blvd, Madison, AL 35758

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.74104
    Latitude
    34.706735

    Nearby Similar for Sale

    • $379,000
      1,956 SF

      Unzoned Madison County Commercial Property

      Unzoned commercial property suitable for various business and medical uses.
      469 Gillespie Road, Madison, AL 35758
      View Details
    • $795,000
      3,375 SF

      Madison, AL Commercial Opportunity

      3,375 SF facility suitable for various businesses.
      1489 Slaughter Road, Madison, AL 35758
      View Details
    • $1,995,000
      17,755 SF

      Madison Office Building For Sale

      Multi-tenant office building near I-565 in Madison, Alabama.
      26670 Success Drive, Madison, AL 35756
      View Details
    • $4,285,044

      Prime Farmland Near Redstone Arsenal

      119-acre farmland with home near Redstone Arsenal and Tennessee River.
      2507 SW Rockhouse Road, Madison, AL 35756
      View Details
    • $379,000

      Commercial Property in Madison, AL

      Commercial property for sale in Madison, Alabama.
      469 1/2 Gillespie Road, Madison, AL 35758
      View Details
    • $1,950,000
      3,865 SF

      Freestanding Restaurant with Drive-Thru

      Former QSR on 1.01 acres in growing Madison.
      7885 Highway 72 West, 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
    • $1,095,000
      3,500 SF

      Highway Frontage Commercial Opportunity

      Move-in-ready commercial building with passive income on Highway 72.
      7595 Hwy 72 W, Madison, AL 35758
      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
    • $17
      107,770 SF

      Madison Office Centre Prime Space

      Office space available in Madison, suitable for various applications.
      9238 Madison Blvd, Madison, AL 35758
      View Details
    • Contact for pricing
      10,000 SF

      Meadow Green Office Centre Space

      Office space designed for research, development, and technology applications.
      9238 Madison Blvd, Madison, AL 35758
      View Details
    • $379,000

      Unzoned Madison County Commercial Property

      Unzoned property suitable for commercial, multi-family, or medical use.
      469 Gillespie Road, Madison, AL 35758
      View Details

    FAQs

    What type of property is this?
    Shopping center - 16,039 SF multi-tenant retail center in Madison County, Alabama.
    Where is this shopping center located?
    The property is located at 8498 Madison Blvd. Madison, AL.
    What are key features of this property?
    This property features: High traffic location next to Walmart Super Center.; Excellent accessibility and visibility via Highway 20 West (Madison Boulevard).; Located in a fast‑growing section of Huntsville.
    (205) 447-1728
    We can help!
    Listing Contact
    Vanessa Morris
    Vanessa Morris
    Real Estate License ID: 793240
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!