0 Troon Dr, Madison, AL 35757
This exceptional 28-acre property in Huntsville, Alabama, presents a remarkable development opportunity. Located in Madison County, with a 35757 zip code, this land is zoned R-2, allowing for a variety of residential uses including multifamily, townhomes, apartments, duplexes, patio homes, and single-family attached and detached homes. The property's APN is 15-05-21-0-000-003.000, 15-05-21-0-000-001.007, .008, .009, and is currently owned by Avere, LLC. Its strategic location offers significant advantages. Situated just two blocks north of Highway 72, a major thoroughfare in North Alabama, and two blocks east of Clift Farm's expansive 550-acre development, this land benefits from excellent accessibility and proximity to established amenities. Furthermore, it's a half block south of The Church of the Highlands on Nance Road. The build-to-rent model is particularly well-suited to this location, given the potential for townhome development. A potential rezoning to R2-A could further enhance the density of multi-family development possibilities. The asking price for this significant parcel is $2,000,000. This property offers investors a unique chance to capitalize on Huntsville's thriving real estate market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.