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    Property profile & analytics

    11190 County Line Rd Madison, AL 35756-2010

    • Retail space
    • 7,171 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Mar 17, 2020
    $2,315,508
    Value Estimations
    $1,860,000
    Show details
    Cap Rate Potential
    3.5%
    Retail space
    Location Intelligence
    Property ID
    US03-3036235
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • O'Reilly Auto Parts / Auto Parts Store

    Property Details for 11190 County Line Rd

    Year built
    2019
    Lot size
    1.00 lot acres
    Property size
    7,171 SF
    Property type
    Retail space
    APN
    1701120000030224
    APU
    1701120000030224

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,485,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,460,000
      6.5%
      $1,350,000
      7%
      $1,250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,398,000
      Market price range: $451k - $1.40M
      AI Estimate
      $1,300,000
      Market price range: $281k - $1.30M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,805,000
      COMMERCIAL (GENERAL)
      $1,540,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Limestone
    State
    Alabama
    Longitude
    -86.787
    Latitude
    34.7019
    CBSA code
    26620
    CBSA name
    HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,971
    $0.00
    $0.00
    $281,900
    -
    $400,900
    $1,008,600
    $1,409,500

    Comparable in this City

    • Value Estimation
      $1,380,000
      10,800 SF

      15060 Al Hwy 20

      RETAIL STORES (PERSONAL SERVICES) • 10,800 SF
      15060 Al Hwy 20, Madison, AL 35756-4420
      View Details
    • Value Estimation
      $1,055,000
      5,600 SF

      12060 County Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,600 SF
      12060 County Line Rd, Madison, AL 35756-2003
      View Details
    • Value Estimation by Request
      2,400 SF

      County Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      County Line Rd, Madison, AL 35756
      View Details
    • Value Estimation by Request
      384 SF

      13293 Henderson Ln

      RETAIL STORES (PERSONAL SERVICES) • 384 SF
      13293 Henderson Ln, Madison, AL 35756-3319
      View Details
    • Value Estimation
      $690,000
      3,672 SF

      11212 County Line Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,672 SF
      11212 County Line Rd, Madison, AL 35756-2012
      View Details
    • Value Estimation by Request
      1,056 SF

      29877 Us Hwy 72

      RETAIL STORES (PERSONAL SERVICES) • 1,056 SF
      29877 Us Hwy 72, Madison, AL 35756-3213
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      900 SF

      Madison Retail Space - Prime Location

      900 sq ft retail space, excellent Madison location.
      195A Msn St, Madison, AL 35756
      View Details
    • $12,000,000

      New Marathon Travel Center

      Newly developed travel center with high traffic volume and easy access.
      6240 Greenbrier Pkwy NE, Madison, AL 35756
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    • $4,500,000

      Gas Station For Sale

      Gas station for sale with high traffic and easy access.
      6725 Swancott Rd, Madison, AL 35756
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    • $3,200,000
      9.00 Acres

      Prime Commercial Land on Highway

      9-acre commercial land with high traffic, development potential.
      9 Acres Hwy 72, Madison, AL 35756
      View Details
    • $1,500,000
      1.60 Acres

      Huntsville Commercial Corner Lot

      Highway 72 corner lot suitable for various commercial uses.
      30472 Highway 72, Huntsville, AL 35756
      View Details
    • Contact for pricing
      228.00 Acres

      Madison, AL Residential Land

      228 Acres, R-2 Zoning, Prime Location
      28950 Wall St, Madison, AL 35756
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Madison, AL

      Retail spaces available near high-traffic County Line Road.
      12060 County Line Rd, Madison, AL 35756
      View Details
    • $3,000 /Mo
      1,050 SF

      Madison Live/Work Townhome For Rent

      Live/work townhome with retail/office space in Madison, AL.
      205 Mission St, Madison, AL 35756
      View Details
    • Contact for pricing
      1 SF

      Madison Retail Land Opportunity

      High-visibility retail lots near I-565
      20 & County Line Rd, Madison, AL 35756
      View Details
    • $6,500 /Mo
      1,875 SF

      Highway 72 Corner Lot

      1.6 acre commercial lot for rent on Highway 72.
      30472 Highway 72, Madison, AL 35756
      View Details
    • Contact for pricing
      25,000 SF

      Hwy 20 Office/Warehouse Space

      Single-tenant office & warehouse. Prime Limestone County location.
      14000 State Hwy 20, Madison, AL 35756
      View Details
    • Contact for pricing
      385,232 SF

      Huntsville West Industrial Space

      Class A industrial space, prime location.
      26385 Distribution Blvd, Madison, AL 35756
      View Details
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    11190 County Line Rd
    Madison, AL 35756-2010
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    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
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