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    Property profile & analytics

    23 Shelton Rd Madison, AL 35758-2989

    • Strip malls
    • 3,856 SF
    • 1.29 lot acres
    OFF-MARKET
    Value Estimation
    $480,000
    Location Intelligence
    Property ID
    US03-0660499
    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

    • Madison Beverage / Liquor Store
    • Martinizing / Dry Cleaner / Laundry Service

    Property Details for 23 Shelton Rd

    Year built
    1992
    Construction
    MIXED
    Lot size
    1.29 lot acres
    Property size
    3,856 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    16-05-15-0-000-031.000
    APU
    1605150000031000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $615,000
      6.5%
      $590,000
      7%
      $580,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $535,000
      Geo Method
      $595,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $660,000
      Retail
      $585,000
      Mixed-Use
      $550,000
      Hospitality
      $520,000
      Educational
      $550,000
      Residential Income
      $595,000
      Energy
      $520,000
      Income-Based Land
      $555,000
      Food Service
      $605,000

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.7166
    Latitude
    34.6914
    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
    $17,644
    $112,500
    $139,880
    $252,380
    -
    $562,500
    $699,400
    $1,261,900

    Comparable in this City

    • Value Estimation
      $5,085,000
      21,664 SF

      8331 Madison Blvd

      SHOPPING CENTER, STRIP CENTER • 21,664 SF
      8331 Madison Blvd, Madison, AL 35758-2070
      View Details
    • Value Estimation
      $2,130,000
      71,550 SF

      7950 Hwy 72nd W

      SHOPPING CENTER, STRIP CENTER • 71,550 SF
      7950 Hwy 72nd W, Madison, AL 35758-6416
      View Details
    • Value Estimation
      $605,000
      33,997 SF

      181 Hughes Rd

      SHOPPING CENTER, STRIP CENTER • 33,997 SF
      181 Hughes Rd, Madison, AL 35758-1156
      View Details
    • Value Estimation by Request
      11,193 SF

      7985 Hwy 72nd W

      SHOPPING CENTER, STRIP CENTER • 11,193 SF
      7985 Hwy 72nd W, Madison, AL 35758-9522
      View Details
    • Value Estimation
      $805,000
      31,344 SF

      97 Hughes Rd

      SHOPPING CENTER, STRIP CENTER • 31,344 SF
      97 Hughes Rd, Madison, AL 35758-3400
      View Details
    • Value Estimation
      $960,000
      51,336 SF

      9076 Madison Blvd

      SHOPPING CENTER, STRIP CENTER • 51,336 SF
      9076 Madison Blvd, Madison, AL 35758-1765
      View Details

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    Similar Nearby for Lease

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      Retail space with high visibility and easy highway access.
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    • $30 SF/Yr
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      Prime Retail Space in Madison

      Retail spaces available in a high-traffic, growing area.
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      Madison Executive Office Space

      Prime Madison location, 1,905 sq ft available
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      Prime Madison retail space, 2,571 sq ft.
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    • Contact for pricing
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      High-traffic retail space, flexible suites.
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      View Details
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    23 Shelton Rd
    Madison, AL 35758-2989
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    Realmo Value Estimation

    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.

    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.

    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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