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    132 Jetplex Ln Madison, AL 35758

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    For Sale
    Contact for pricing

    50,000 SF Office/Warehouse Space

    Property size:
    50,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    415
    This exceptional industrial property, located at 132-144 Jetplex Lane in Madison, Alabama, offers 50,125 square feet of combined office and warehouse space. The property comprises two buildings situated within the convenient Jetplex Industrial Park, providing easy access to major transportation arteries including I-565, I-65, Redstone Arsenal, and Huntsville International Airport. Building 132 features approximately 27,000 square feet of warehouse space and 3,000 square feet of office space, including a reception area, six private offices, a control room, break room, and a large workroom. It also boasts one dock-high door, one drive-up door, fully conditioned warehouse space, 480V 3-phase power, and ample on-site parking. A tenant currently occupies this building with a lease expiring July 25, 2025. Building 144 offers approximately 17,841 square feet of warehouse space and 2,284 square feet of office space, featuring a reception area, five private offices, private restrooms, and a break area. This building includes a dock-high door with leveler, a 10'x10' side loading door, the potential to add an additional dock-high door, fully conditioned warehouse space, and 480V 3-phase power, along with its own parking lot. Both buildings provide a versatile space suitable for a variety of business needs, combining well-appointed office areas with climate-controlled warehouse space. The property is being offered for sale by owner.

    Property Features for 132 Jetplex Ln

    General Information

    Property type
    Industrial properties
    Square Feet
    50,125 SF

    We can help!

    Listing Contact
    Walker Purvis
    Walker Purvis

    Learn more

    Property Insight Report

    HighLights

    • 50,125 SF industrial property consisting of two buildings in Madison, AL's Jetplex Industrial Park.
    • Building 1 (132 Jetplex Ln): ~27,000 SF warehouse with one dock‑high and one drive‑in door, ~3,000 SF of climate‑controlled office space, 480V 3‑phase power, ample parking.
    • Building 2 (144 Jetplex Ln): ~17,841 SF warehouse with one dock‑high door and a drive‑in door, potential for additional dock, ~2,284 SF climate‑controlled office space, 480V 3‑phase power, on‑site parking.
    • Convenient access to I‑565, I‑65, Redstone Arsenal, and Huntsville International Airport.
    • Currently occupied with a lease expiring July 25, 2025 (0.7 years remaining).
    • For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    MaxFab LLC Machine Shop Color Xpress Commercial Printer OTTO printworks Digital Printing Service

    Suggested Use

    Restaurant Auto Parts Store Nail Salon Pharmacy Food Market Grocery Store Bar & Pub Pawn Shop Veterinary Clinic Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.7753264
    Latitude
    34.6719375

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    FAQs

    What type of property is this?
    Industrial property - 50,000 SF Office/Warehouse Space
    Where is this industrial property located?
    The property is located at 132 Jetplex Ln Madison, AL.
    What are key features of this property?
    This property features: 50,125 SF industrial property consisting of two buildings in Madison, AL's Jetplex Industrial Park.; Building 1 (132 Jetplex Ln): ~27,000 SF warehouse with one dock-high and one drive-in door, ~3,000 SF of climate-controlled office space, 480V 3-phase power, ample parking.; Building 2 (144 Jetplex Ln): ~17,841 SF warehouse with one dock-high door and a drive-in door, potential for additional dock, ~2,284 SF climate-controlled office space, 480V 3-phase power, on-site parking.
    (256) 384-7606
    Request Owner's contact information
    132 Jetplex Ln Madison, AL 35758
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    Madison, AL 35758
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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
    132 Jetplex Ln Madison, AL 35758
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    We can help!
    Listing Contact
    Walker Purvis
    Walker Purvis
    Real Estate License ID: AL - 000145929-0
    (256) 384-7606
    Learn more
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