Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Royal Dr Madison, AL 35758

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Royal Dr Madison, AL 35758

    View on Map
    • Land
    • 8.81 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Royal Dr

    Lot size
    8.81 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 8.81-acre parcel presents a prime opportunity for industrial development in Madison, Alabama's thriving Jetplex area. Strategically located on Royal Dr, 35758, this property boasts convenient access to major transportation routes and infrastructure. The land is zoned M-1 Restricted Industrial, ensuring a wide range of potential uses. All essential utilities are readily available, simplifying the development process and minimizing upfront costs. Priced at $1,057,400, or $120,000 per acre, this represents a compelling investment in a high-growth area. The property is offered as a single, indivisible parcel, ideal for a large-scale industrial project. Its substantial size and strategic location within the Jetplex area make it an attractive proposition for businesses seeking to establish or expand their operations in a dynamic and rapidly developing region of Alabama. The property's M-1 zoning ensures compliance with local regulations, streamlining the permitting and construction phases. This is a rare opportunity to acquire a significant land holding in a highly sought-after industrial zone. Don't miss this chance to secure a foothold in Madison's burgeoning industrial sector.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.7596
    Latitude
    34.6839

    Comparable in this City

    • Value Estimation by Request
      35,000 SF

      Palmer Rd

      Distribution properties • 35,000 SF
      0 Palmer Rd, Madison, AL 35758
      View Details
    • Value Estimation by Request
      0.56 Acres

      8814 Highway 72

      Land • 0.56 Acres
      8814 Highway 72, Madison, AL 35758
      View Details
    • Value Estimation by Request

      00 Hughes Rd

      Investment properties
      00 Hughes Rd, Madison, AL 35758
      View Details
    • Value Estimation by Request
      2.28 Acres

      309 Gooch Ln

      Land • 2.28 Acres
      309 Gooch Ln, Madison, AL 35758
      View Details
    • Value Estimation by Request
      4.25 Acres

      Portal Ln

      Land • 4.25 Acres
      0 Portal Ln, Madison, AL 35758
      View Details
    • Value Estimation by Request
      170.00 Acres

      Highway 72

      Land • 170.00 Acres
      0 Highway 72, Madison, AL 35758
      View Details

    Similar Nearby for Sale

    • $350,000

      Land Near Madison Hospital

      5 acres of land close to schools and shopping.
      5 Mose Chapel Rd, Madison, AL 35758
      View Details
    • Contact for pricing

      Madison Commercial Land Opportunity

      Prime C-4 zoned land near Hwy 72
      1088 Balch Rd, Madison, AL 35758
      View Details
    • Contact for pricing

      170 Acres Development Land

      170 acres of development acreage in Madison, Alabama.
      Us Highway 72 W, Madison, AL 35758
      View Details
    • $379,000

      Land For Sale

      Land available for sale in Madison, Alabama.
      469-1/2 Gillespie Rd, Madison, AL 35758
      View Details
    • New
      $240,000
      5.20 Acres

      Acreage in Madison City Limits

      5.2 acres near Bradford Creek Greenway in Madison, Alabama.
      5.2 Acres Mose Chapel Rd, Madison, AL 35758
      View Details
    • Contact for pricing
      2.00 Acres

      Prime Madison County Land

      Two acres, B-3 zoning, high growth area.
      0 County Line Rd, Huntsville, AL 35758
      View Details

    Similar Nearby for Lease

    • $57,677
      100,000 SF

      Madison AL Warehouse For Lease

      100,000 SF warehouse in Madison, AL, near I-565.
      9324 Madison Blvd, Madison, AL 35758
      View Details
    • $9 SF/Yr

      Industrial Warehouse with Office Space

      10,000 SF industrial warehouse with 1,200 SF office space.
      250 Royal Dr, Madison, AL 35758
      View Details
    • $10 SF/Yr

      Jetplex Area Warehouse Space

      10,000 SF heated warehouse with dock and ground loading.
      169 Production Ave, Madison, AL 35758
      View Details
    • Contact for pricing

      Conditioned Warehouse Near Jetplex Area

      Warehouse with convenient access to I-565 and Jetplex area.
      300 Production Ave, Madison, AL 35758
      View Details
    • Contact for pricing

      Catalyst Business Park Office Space

      Single-story office park with flexible space and ample parking.
      1040 Research Blvd, Madison, AL 35758
      View Details
    • $7 SF/Yr

      Huntsville Area Flex Building

      Two-story flex building in Jetplex Circle Business Park.
      495 Production Ave, Madison, AL 35758
      View Details
    Request Owner's contact information
    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.
    Royal Dr
    Madison, AL 35758
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!