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    501 Madison St Huntsville, AL 35801
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    501 Madison St Huntsville, AL 35801

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    • Office buildings
    • 12,370 SF
    • 0.41 lot acres
    For Lease
    $2,110,000
    View Listing →
    Centralized Location with Controlled Access For Lease
    $2,110,000

    Centralized Location with Controlled Access

    Multiple lease options available in a centralized location.

    501 Madison Street, Huntsville, AL 35801
    View Listing
    Property ID
    US03-0707873
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Miles Brandon - Morgan Stanley / Financial Advisor
    • Nettere Mark / Financial Advisor
    • Redstone Government Consulting, Inc. / Consultant / Accounting Software Company
    • Nicholas R. Damron - Morgan Stanley / Financial Advisor
    • DealNews.com, Inc / Corporate Office

    Property Details for 501 Madison St

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.41 lot acres
    Property size
    12,370 SF
    Property type
    Office buildings
    APN
    14-07-36-3-004-098.000
    APU
    1407363004098000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,810,000
      6.5%
      $2,595,000
      7%
      $2,410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,310,000
      Market price range: $1.46M - $3.16M
      AI Estimate
      $1,426,000
      Market price range: $690k - $2.21M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,330,000
      Current use
      MEDICAL BUILDING
      $2,655,000
      Change: +14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5835
    Latitude
    34.7278
    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
    $16,641
    $71,400
    $215,520
    $286,920
    -
    $357,000
    $1,077,600
    $1,434,600

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      1310 Buford NW St

      OFFICE BUILDING • 0.15 Acres
      1310 Buford NW St, Huntsville, AL 35801-5703
      View Details
    • Value Estimation by Request
      1,154 SF

      816 Andrew Jackson NE Way

      OFFICE BUILDING • 1,154 SF
      816 Andrew Jackson NE Way, Huntsville, AL 35801-3505
      View Details
    • Value Estimation by Request
      1,875 SF

      403 Andrew Jackson NE Way

      OFFICE BUILDING • 1,875 SF
      403 Andrew Jackson NE Way, Huntsville, AL 35801-3665
      View Details
    • Value Estimation by Request
      1,520 SF

      502 Pratt NE Ave

      OFFICE BUILDING • 1,520 SF
      502 Pratt NE Ave, Huntsville, AL 35801-6317
      View Details
    • Value Estimation by Request
      1,054 SF

      701 Pratt NW Ave

      OFFICE BUILDING • 1,054 SF
      701 Pratt NW Ave, Huntsville, AL 35801-5585
      View Details
    • Value Estimation
      $6,340,000
      41,580 SF

      308 Clinton W Ave

      OFFICE BUILDING • 41,580 SF
      308 Clinton W Ave, Huntsville, AL 35801-5527
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Historic Yarbrough Office Building

      Boutique office building in downtown Huntsville entertainment district.
      120 E Holmes Ave, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Stand-Alone Brick Office Building

      High-quality office building featuring 11 offices and open loft.
      929 Merchants Walk, Huntsville, AL 35801
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      Historic Yarbrough Office Building

      Boutique office building in downtown Huntsville Entertainment District.
      120 E Holmes Ave, Huntsville, AL 35801
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    • Contact for pricing

      Huntsville Office Building in CBD

      Class B office building in Huntsville's prime Central Business District.
      308 Clinton Ave W, Huntsville, AL 35801
      View Details
    • Contact for pricing
      4,102 SF

      Huntsville Stand-Alone Brick Office Building

      Stand-alone brick office building with multiple offices and amenities.
      929 Merchants Walk, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Modern Office with Open Design

      Sleek office space with parking and rooftop terrace.
      200 Davis Cir Sw, Huntsville, AL 35801
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Huntsville Office Space Available

      Mid-century modern office building in the heart of Downtown.
      200 West Westside Sq, Huntsville, AL 35801
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    • Contact for pricing

      Premier Downtown Office Space

      Class A office space in Huntsville's premier business address.
      200 Clinton Ave W, Huntsville, AL 35801
      View Details
    • $2,250 /Mo
      12,767 SF

      Historic Building in Downtown Huntsville

      Historic building with lounge, restaurant, and office spaces for rent.
      205 E Side Sq, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Class A Office Space

      Furnished office space in downtown Huntsville.
      200 Davis Cir SW, Huntsville, AL 35801
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    • Contact for pricing

      Historic Downtown Office Suites

      Unique office suites in a beautifully restored historic building.
      203 Greene St SE, Huntsville, AL 35801
      View Details
    • Contact for pricing

      Downtown Huntsville Office Space Available

      Class A office space in Huntsville's central business district.
      127 Holmes Ave, Huntsville, AL 35801
      View Details

    Property Visit Statistics

    • Visits by month
      8.1k
    • Visitors by month
      4.3k
    • Avg Time on site
      15 min
    View Listing
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    Huntsville, AL 35801
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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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