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    Property profile & analytics

    230 Hughes Rd Madison, AL 35758-1188

    • Office buildings
    • 11,969 SF
    • 3.57 lot acres
    OFF-MARKET
    Last Sale
    May 03, 2023
    Value Estimations
    $1,585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0765980
    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

    • Whitworth David S DDS / Dental Office
    • White Magnolia Wax Studio | Madison, AL / Spa & Massage Center / Skin Care Clinic
    • John Thomas, BHHS Rise-Madison Branch / Real Estate Agency
    • John Thomas Broker, Berkshire Hathaway HomeServices Rise Real Estate / Real Estate Agency
    • Honeycomb Hair Hive / Hair Salon

    Property Details for 230 Hughes Rd

    Year built
    1994
    Lot size
    3.57 lot acres
    Property size
    11,969 SF
    Property type
    Office buildings
    APN
    16-02-09-3-000-002.001
    APU
    1602093000002001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,036,000
      Market price range: $523k - $2.00M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,575,000
      MEDICAL BUILDING
      $2,490,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.7433
    Latitude
    34.7044
    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
    $18,297
    $125,660
    $133,000
    $258,660
    -
    $628,300
    $665,000
    $1,293,300

    Comparable in this City

    • Value Estimation by Request
      2,118 SF

      20 Main St

      OFFICE BUILDING • 2,118 SF
      20 Main St, Madison, AL 35758-2087
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    • Value Estimation by Request
      1,506 SF

      1644 Slaughter Rd

      OFFICE BUILDING • 1,506 SF
      1644 Slaughter Rd, Madison, AL 35758-8610
      View Details
    • Value Estimation
      $510,000
      2,505 SF

      155 Chestnut Dr

      OFFICE BUILDING • 2,505 SF
      155 Chestnut Dr, Madison, AL 35758-9541
      View Details
    • Value Estimation
      $885,000
      5,692 SF

      107 Dublin Dr

      OFFICE BUILDING • 5,692 SF
      107 Dublin Dr, Madison, AL 35758
      View Details
    • Value Estimation
      $1,080,000
      6,630 SF

      143 Dublin Dr

      OFFICE BUILDING • 6,630 SF
      143 Dublin Dr, Madison, AL 35758-1798
      View Details
    • Value Estimation
      $8,405,000
      85,351 SF

      106 Arlington Dr

      OFFICE BUILDING • 85,351 SF
      106 Arlington Dr, Madison, AL 35758-1700
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,667 SF

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      High-traffic location, 3,667 SF, Alabama.
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    • $850,000
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      Commercial Land on Highway 72

      Corner lot suitable for various commercial uses in Madison.
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    • $379,000
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      Unzoned Madison County Commercial Property

      Unzoned commercial property suitable for various business and medical uses.
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    • $800,000
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      Commercial Lot on Madison Blvd

      Prime commercial lot with high-traffic exposure near Huntsville Airport.
      Madison Blvd, Madison, AL 35758
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    • $1,773,800
      4.90 Acres

      Huntsville Commercial Land Opportunity

      Prime commercial land with high traffic and road frontage.
      4.9A Hwy 72, Huntsville, AL 35758
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    • $795,000
      3,375 SF

      Madison, AL Commercial Opportunity

      3,375 SF facility suitable for various businesses.
      1489 Slaughter Rd, Madison, AL 35758
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      19,356 SF

      Renovated Office Building in Madison

      Two-story office building near Redstone Arsenal and Research Park.
      140 Research Dr, Madison, AL 35758
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    • $400 /Mo
      19,356 SF

      Renovated Office Building in Madison

      Two-story office building near Redstone Arsenal and Research Park.
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    • $2,000 /Mo
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      Renovated Office Building in Madison

      Two-story office building near Redstone Arsenal and Research Park.
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    • $700 /Mo
      19,356 SF

      Renovated Office Building in Madison

      Two-story office building near Redstone Arsenal and Research Park.
      140 Research Dr, Madison, AL 35758
      View Details
    • $415 /Mo
      19,356 SF

      Renovated Office Building in Madison

      Two-story office building near Redstone Arsenal and Research Park.
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    • $800 /Mo
      19,356 SF

      Renovated Office Building in Madison

      Two-story office building near Redstone Arsenal and Research Park.
      140 Research Dr, Madison, AL 35758
      View Details
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    230 Hughes Rd
    Madison, AL 35758-1188
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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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