Back to Search
Property profile & analytics
FOR LEASE
Office buildings
1040 Research Blvd Madison, AL 35758
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-1993970
For Lease
1 / 10
$17.50 SF/Yr
1040 Research Blvd, Madison, AL 35758
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Catalyst Mrp West LLC · 6 yrs held
Catalyst Mrp West LLC
since 2019
Last sale
$8.9M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$11,375,000
CAP Approach
CAP Return
Estimation
6%
$7,660,000
6.5%
$7,070,000
7%
$6,565,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,535,000
Current use
COMMERCIAL (GENERAL)
$7,250,000
Change: -4% · Conversion: Easy
MEDICAL BUILDING
$7,015,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$9.36M
Range $8.42M – $10.30M · ±10% · vs last sale $8.88M (Dec 30 2022)
Last sale anchor
$8.88M
Dec 30 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$278 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
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
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
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
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$7.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · 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
Current owner
From public records · entity-resolved
Catalyst Mrp West LLC
Entity
Mailing address
1801 S LA CIENEGA BLVD STE #301, LOS ANGELES, CA 90035-4658
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2019
—
Catalyst Mrp West LLC
—
Grant Deed
related
$5,250,000 · Mcreif Subreit LLC
Dec 22, 2017
—
Catalyst Mrp West LLC
—
Deed
related
$4,610,000 · Ows Bca Fndg LLC
—
—
Catalyst Mrp West LLC
—
Deed Of Trust
related
$4,610,000 · Ows Bca Fndg LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
