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    Property profile & analytics

    7738 Madison Blvd Huntsville, AL 35806-2085

    • Office buildings
    • 2,592 SF
    • 1.07 lot acres
    OFF-MARKET
    Last Sale
    Oct 16, 2020
    $1,000,000
    Value Estimations
    $1,325,000
    Show details
    Cap Rate Potential
    2.7%
    Office buildings
    Location Intelligence
    Property ID
    US03-0253077
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Aerospace Products Southeast / Aerospace Company
    • The Stewart Home Team / Mortgage Lender / Real Estate Consultant

    Property Details for 7738 Madison Blvd

    Year built
    1984
    Construction
    WOOD
    Lot size
    1.07 lot acres
    Property size
    2,592 SF
    Property type
    Office buildings
    APN
    16-06-14-0-000-013.000
    APU
    1606140000013000

    Description

    This exceptional investment opportunity comprises three medical office buildings totaling 7,975 square feet situated on two parcels in Huntsville, Alabama. The first property, located at 7738 Madison Blvd, encompasses approximately 7,975 square feet across two buildings on 1.07 acres. This location boasts convenient access to I-565 and proximity to Cummings Research Park, MidCity District, and Redstone Arsenal. Ample parking (36 spaces) is available. The second property, situated at 915 Bob Wallace Ave SW, offers 5,733 square feet on 0.56 acres, strategically positioned across from Whole Foods. This building benefits from high visibility and easy access to a diverse range of retail and dining options. Both properties offer significant potential for long-term growth and investment returns. Built in 1993, these well-maintained buildings provide a strong net operating income (NOI) of $256,370.60, resulting in an attractive 7.10% capitalization rate. The asking price for this portfolio is $3,600,000. This is a rare opportunity to acquire a well-established, high-performing medical office portfolio in a thriving market. The properties are ideally suited for healthcare providers, medical groups, or investors seeking a stable and profitable investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,325,000
      ML approach
      $1,270,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.7081
    Latitude
    34.695
    CBSA code
    26620
    CBSA name
    HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,240
    $46,680
    $147,120
    $193,800
    -
    $233,400
    $735,600
    $969,000

    Comparable in this City

    • Value Estimation
      $515,000
      4,254 SF

      7300 Madison Blvd

      OFFICE BUILDING • 4,254 SF
      7300 Madison Blvd, Huntsville, AL 35806-2063
      View Details
    • Value Estimation
      $910,000
      40,588 SF

      360 Quality NW Cir

      OFFICE BUILDING • 40,588 SF
      360 Quality NW Cir, Huntsville, AL 35806-4548
      View Details
    • Value Estimation
      $310,000
      2,556 SF

      936 Jeff NW Rd

      OFFICE BUILDING • 2,556 SF
      936 Jeff NW Rd, Huntsville, AL 35806-1238
      View Details
    • Value Estimation
      $305,000
      9.96 Acres

      Ofc Plummer Rd Rd

      OFFICE BUILDING • 9.96 Acres
      Ofc Plummer Rd Rd, Huntsville, AL 35806
      View Details
    • Value Estimation
      $290,000
      1,170 SF

      702 Blake Btm NW Rd

      OFFICE BUILDING • 1,170 SF
      702 Blake Btm NW Rd, Huntsville, AL 35806-1424
      View Details
    • Value Estimation
      $4,380,000
      36,746 SF

      650 Discovery NW Dr

      OFFICE BUILDING • 36,746 SF
      650 Discovery NW Dr, Huntsville, AL 35806-2802
      View Details

    Similar Nearby for Sale

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      Cummings Research Park Headquarters Facility

      Move-in ready Class A corporate environment in Huntsville's innovation corridor.
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      12.49 Acres

      Sealy Commercial Development Land

      Huntsville, AL: Prime 12.49-acre site
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    • $3,950,000
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      Unique Building in West Huntsville

      Versatile 23,700 SF building suitable for various uses.
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      101,026 SF

      Huntsville Office Space - 101,026 SF

      Class A Office Space, Huntsville, AL. Prime location.
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    Similar Nearby for Lease

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      25,192 SF

      Huntsville Executive Office Space

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    • $22 SF/Yr
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      Prime Huntsville Office Space: Flexible Suites Available
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      151,565 SF

      Huntsville Office Space: 151,565 SF

      Prime Huntsville office building, multiple tenancy options.
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      Huntsville Executive Office Space

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      76,000 SF

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      Prestigious A-Class Office Suites Available
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    • Contact for pricing
      25,766 SF

      Huntsville Executive Office Space

      Class-A Office, 25,766 SF Available
      530 Discovery Dr, Huntsville, AL 35806
      View Details
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    Huntsville, AL 35806-2085
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    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
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