Madison Industrial Property For
For Sale
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132 -144 Jetplex Ln, Madison, AL 35758
50,000 SF industrial property with office and warehouse space.
Property Size50,125 SF
Price / SF$92.77
Days on Market914
Property Features for 132 -144 Jetplex Ln
General Information
Standard status
Active
Size
50,125 SF
Property subtype
Industrial
Building Details
Tenancy
Single
Listing Agency:
Crunkleton Commercial Real Estate Group
(256) 384-7606
Listed By:
Wesley Crunkleton, CPM · License #AL - 000072499-0
Source:
Crexi
Added: Feb 9, 2024
Changed: Aug 9
Last Checked: Aug 9 at 8:51PM
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 Crunkleton Commercial Real Estate Group
Investment Insights
Based on property information with market context.
Located at 132 & 144 Jetplex Lane in Madison, AL, this industrial property offers approximately 50,000 square feet of space. The property features two buildings with a combination of office and fully conditioned warehouse space. At 132 Jetplex Lane, there is approximately 27,000 square feet of warehouse space and approximately 3,000 square feet of office space. The building at 144 Jetplex Lane contains approximately 17,841 square feet of warehouse space and approximately 2,284 square feet of office space. Situated in Putman Industrial Park, the property provides convenient access to I-565, I-65, Redstone Arsenal, and Huntsville International Airport. The flexible layout can accommodate a variety of business needs. The property is available for sale or lease.
Key Highlights
- 50,000 SF industrial property featuring two buildings
- Located in Putman Industrial Park, Madison, AL, with convenient access to I‑565, I‑65, Redstone Arsenal, and Huntsville International Airport
- Combination of office and fully conditioned warehouse space
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
$255,760
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
5.50%
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%
$5,115,200
$5.1M
Cap Rate 7%
$3,653,714
$3.7M
Cap Rate 9%
$2,841,778
$2.8M
Market Conditions
NOI Build-Up for 50,125 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
$312.8K $6.24/SF
− Vacancy
−$11.9K −$0.24/SF
EGI
$300.9K $6.00/SF
− OpEx
−$45.1K −$0.90/SF
NOI
$255.8K $5.10/SF
Area
Madison County, AL
Vacancy
3.80%
Lease Rate
$6.24 /SF/Yr
Expense Ratio
15.00%
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%
$5,115,200
Cap Rate 7%
$3,653,714
Cap Rate 9%
$2,841,778
Alternative Uses
Best Use
Flex RnD
$7.71M
$6.74M – $8.99M
NOI $539,546 @ 7.0% cap · market cap 11.60%
Second Best
Warehouse
$3.65M
$3.20M – $4.26M
NOI $255,760 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$13.05M
$11.42M – $15.23M
NOI $913,679 @ 7.0% cap · market cap 19.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 50,000 SF industrial property with office and warehouse space.
Where is this flex space located?
The property is located at 132 -144 Jetplex Ln Madison, AL.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: 50,000 SF industrial property featuring two buildings; Located in Putman Industrial Park, Madison, AL, with convenient access to I‑565, I‑65, Redstone Arsenal, and Huntsville International Airport; Combination of office and fully conditioned warehouse space
