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1040 Research Blvd, Madison, AL 35758
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Property summary
AI-generated overview
Catalyst Business Park offers 81,462 square feet of office, flex, and R&D space across two single-story buildings situated on a hilltop within a wooded lot in Madison, Alabama. This multi-tenant property features three available spaces ranging from 1,540 to 8,720 square feet. Conveniently located at 1040 Research Blvd, 35758, the park is easily accessible from Madison Boulevard (Hwy 20), between Zierdt Road and Hughes Road. Its strategic location provides quick access to all areas of Madison, I-565, and Redstone Arsenal's Gate 9. The property is also minutes from Town Madison, Toyota Field, and numerous restaurants. The M-1 Restricted Industrial zoning ensures a variety of potential uses. Ample parking is available. This exceptional property presents a unique opportunity for businesses seeking flexible and conveniently located office space in a desirable Madison County setting.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Construction
WOOD
Total area
33,728 SF
Lot
32.24 ac (1,404,374 SF)
APN
16-05-15-0-000-085.000
UPID
US03-1993970
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.38M
CAP Approach
CAP
$7.07M
Comparable Approach
Comparable
$10.61M
Blend (final)
Blend
$9.36M
Owner & transaction history
since 2019
Last sale
$8.9M
3 recorded transactions
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$9.36M
Value range
$8.42M – $10.30M
±10% around blend
Estimated value / SF
$278 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$8.42M
blend $9.36M
$10.30M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
33,728 SF
Lot area
32.24 ac
Year built
2011
Stories
1
APN
16-05-15-0-000-085.000
Assessed value
$1,201,900
Annual tax
$84,576
3
Income approach: direct capitalization
Partial preview
Income approach indication
$7.07M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.66M
@ 6.5% CAP return
$7.07M
@ 7% CAP return
$6.57M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$84,576
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.81M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.2 mi away · 31,794 SF
8.4 mi away · 41,580 SF
8.5 mi away · 31,046 SF
8.7 mi away · 31,046 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.36M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 17 sales
$223
+24%
Submarket 18 sales
$252
+10%
County 185 sales
$166
+67%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $278/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
3.40%
Selected cap rate for this office buildings
Derived from the Madison market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.40%
9.0%
NOI (est.)
$330k *
Last sale · Dec 2022
$8.88M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.71M
Move the market yield to see immediate price impact.
Value / SF
$288
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.90%3.40%3.90%
$297k
$10.25M
$8.74M
$7.62M
$330k
$11.39M
$9.71M
$8.47M
$363k
$12.52M
$10.68M
$9.31M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$4.20M
4.4 mi · Dec 2025 · $126/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$84,576
Tax year 2023
Assessed value
$1,201,900
Assessed 2023
Previous assessed
$1,125,300
+6.8% YoY
Effective rate
7.04%
On assessed value
Assessed land
$297,720
Assessed improvement
$904,180
Land market value
$1,488,600
Improvement market value
$4,520,900
Total market value
$6,009,500
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2011
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
33,728 SF
Lot
32.24 ac (1,404,374 SF)
APN
16-05-15-0-000-085.000
UPID
US03-1993970
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
32.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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