Meadow Green Office Centre
For Sale
Contact for pricing
9238 Madison Blvd, Madison, AL 35758
Office space designed for research, development, and technology applications.
Property Size107,770 SF
Price / SF$0.00
Days on Market207
Property Features for 9238 Madison Blvd
General Information
Standard status
Active
Size
107,770 SF
Class
B
Property subtype
Office
Lease Term
MG; NN
Building Details
Building Size
107,770 SF
Year Built
1987
Properties For Sale
at 9238 Madison Blvd Contact usSuite 112
Size
785 SF
Type
Office Building
Term
Negotiable
Suite 113
Size
4,810 SF
Type
Office Building
Term
Negotiable
Suite 115-A
Size
2,279 SF
Type
Medical
Term
Negotiable
Suite 118
Size
2,737 SF
Type
Office Building
Term
Negotiable
Suite 800
Size
1,724 SF
Type
Office Building
Term
Negotiable
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Listing Agency:
NAI Chase Commercial | Birmingham
Listed By:
Gregg Hess · License #AL #000108212-0
(256) 655-8483
Source:
Chasecommercial
Added: Apr 1
Changed: Oct 23
Last Checked: Oct 23 at 3:59AM
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 | Birmingham
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Meadow Green Office Centre, situated in the City of Madison, is designed to accommodate research and development, sales and service training, medical, computer, and high-technology applications. The center offers prime office spaces ranging from 2,000 to 10,000 square feet.
Key Highlights
- Prime office space in the City of Madison
- Designed for research and development, sales and service training, medical, computer, and high technology applications
- Accommodations available from 2,000 SF to 10,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,755
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,555,100
$2.6M
Cap Rate 7%
$1,825,071
$1.8M
Cap Rate 9%
$1,419,500
$1.4M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$200.4K $20.04/SF
− Vacancy
−$30.1K −$3.01/SF
EGI
$170.3K $17.03/SF
− OpEx
−$42.6K −$4.26/SF
NOI
$127.8K $12.78/SF
Area
Madison County, AL
Vacancy
15.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,555,100
Cap Rate 7%
$1,825,071
Cap Rate 9%
$1,419,500
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.13M
NOI $127,755 @ 7.0% cap · market cap 730,028.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.60M
$2.28M – $3.04M
NOI $182,280 @ 7.0% cap · market cap 1,041,600.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office space designed for research, development, and technology applications.
Where is this office building located?
The property is located at 9238 Madison Blvd Madison, AL.
What are key features of this property?
This property features: Prime office space in the City of Madison; Designed for research and development, sales and service training, medical, computer, and high technology applications; Accommodations available from 2,000 SF to 10,000 SF
