Sign Up Successful!
You now have access to more from Realmo!
    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

    30234 Us Highway 72 Madison, AL 35756

    Sponsored
    For Sale
    $6,000,000

    Prime 19.81-acre C4 zoned commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    423
    This exceptional 19.81-acre commercial property is located in Madison, Alabama, at 30234 US-72, Limestone County, zip code 35756. The property is zoned C4, allowing for a variety of uses including commercial, multi-family residential, and healthcare clinics. Its strategic location offers significant advantages. Situated just two blocks west of County Line Road, it enjoys excellent visibility and accessibility. Furthermore, its proximity to Clift Farms and Madison Hospital (less than one mile west) provides convenient access to amenities and a strong potential customer base. The land has already received approval for a substantial 181-unit townhome development, presenting a lucrative opportunity for rent-to-own investors. The asking price for this expansive parcel is $6,000,000. This represents a unique chance to acquire a highly versatile and strategically located property with significant development potential in a rapidly growing area. The property's C4 zoning provides flexibility for a range of development options, catering to diverse investment strategies. With its approved townhome plan, this land offers immediate development potential, minimizing pre-development hurdles and accelerating return on investment. The location's proximity to key amenities and infrastructure further enhances its appeal and potential for long-term growth.

    Property Features for 30234 Us Highway 72

    General Information

    Property type
    Land
    Lot Size
    862,924 SF

    We can help!

    Listing Contact
    Alex Mukai
    Alex Mukai

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Limestone
    State
    Alabama
    Longitude
    -86.794508529896
    Latitude
    34.748667219382

    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 Rd, Madison, AL 35758
      View Details
    • $859,000
      3,373 SF

      Madison Retail Property For Sale

      Commercial property in Madison, Alabama, suitable for retail businesses.
      401 Slaughter Rd, Madison, AL 35758
      View Details
    • $795,000
      3,375 SF

      Madison, AL Commercial Opportunity

      3,375 SF facility suitable for various businesses.
      1489 Slaughter Rd, 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 Dr, Madison, AL 35756
      View Details
    • $6,275,500
      10,000 SF

      Net Lease Daycare Investment Opportunity

      Net lease daycare investment opportunity in the Huntsville MSA.
      291 Pine Grove Rd, Madison, AL 35757
      View Details
    • Contact for pricing
      16,039 SF

      Madison Retail Center For Sale

      16,039 SF multi-tenant retail center in Madison, Alabama.
      8498 Madison Blvd, Madison, AL 35758
      View Details
    • $7,861,000

      Jetplex Area Investment Opportunity

      60,000 SF industrial property with long-term NNN leases.
      277 Westchester Rd, Madison, AL 35758
      View Details
    • $279,900

      End Unit Townhome in Madison

      Townhome in Edgewater Community with updated kitchen and outdoor spaces.
      244 West Lake Cir, Madison, AL 35758
      View Details
    • $1,500,000

      Madison Retail/Office Opportunity

      3,885 SF building on 2.3 acres in Madison, Alabama.
      102 Gin Oaks Ct, Madison, AL 35758
      View Details
    • Contact for pricing

      Freestanding Building on Highway 72

      3,865 SF freestanding building with double lane drive-thru.
      7885 Highway 72, Madison, AL 35758
      View Details
    • $975,000
      8,098 SF

      Office-Warehouse Space in Jetplex Park

      Office-warehouse space with convenient access to key locations.
      156 Jetplex Ln, Madison, AL 35758
      View Details
    • Contact for pricing
      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

    FAQs

    What type of property is this?
    Land - Prime 19.81-acre C4 zoned commercial land, ideal for development.
    Where is this land located?
    The property is located at 30234 Us Highway 72 Madison, AL.
    What is the asking price?
    The asking price for this property is $6,000,000.
    (256) 714-1300
    Request Owner's contact information
    30234 Us Highway 72 Madison, AL 35756
    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.
    30234 Us Highway 72
    Madison, AL 35756
    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
    30234 Us Highway 72 Madison, AL 35756
    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

    We can help!
    Listing Contact
    Alex Mukai
    Alex Mukai
    Real Estate License ID: 99826
    (256) 714-1300
    Learn more
    Google sign-in failed. Please try again or use another login method.