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Property profile

15091 State Hwy Madison, AL 35756

OFF-MARKET
Industrial properties
59,000 SF 9.34 ac lot
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Property summary

AI-generated overview

This exceptional Class A industrial property, located at 15091 AL Hwy 20 in Madison, Alabama, offers 59,000 square feet of versatile manufacturing space within a single-story building on a 9.34-acre lot. Currently 45% occupied with two tenants under a NNN lease commencing August 1, 2024, this multi-tenant facility boasts 20-foot ceilings, one loading dock with one dock-high door, and a drive-in door. The property features 31,190 square feet of warehouse/manufacturing space and 8,000 square feet of office space. Building amenities include LED lighting, a wet system sprinkler, and 3-phase, 480v, 2000 amp service. The entire facility is air-conditioned. The property is zoned CIP Industrial and offers significant potential for expansion on the existing land. The seller will consider offers. This is an excellent investment opportunity in a prime Limestone County location, with the potential for future development. The property is for sale by owner.

Property profile

Verified
Property type Industrial properties
Total area 59,000 SF
Lot 9.34 ac (406,850 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15091 State Hwy Madison, AL 35756
Madison metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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