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Property profile & analytics
OFF-MARKET Estimated value $4,590,000
Medical Office Space

540 Hughes Rd Madison, AL 35758-8999

24,946 SF 2.42 ac lot Built 1990
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-3154780
Property summary
AI-generated overview

This exceptional 24,946 square foot medical office building, constructed in 2009, is strategically located at 540 Hughes Rd, Madison, AL 35758. The property boasts a prime commercial zoning designation and features ample parking with 128 spaces available for tenants and visitors. Currently, there is 1,621 square feet of vacant space available for lease, ideal for a variety of medical or traditional office uses. The building's multiple tenancy structure offers flexibility and potential for diverse occupancy. The property's location in Madison, Alabama, provides convenient access to major transportation routes and a thriving community. The building's modern design and ample parking make it an attractive option for medical professionals and businesses seeking a well-maintained and functional workspace. The property's APN is 16-02-09-2-000-063.004. This is a fantastic opportunity to secure space in a high-demand area. The available space presents a unique chance to establish or expand a medical practice or office operation within a well-established and reputable building. Interested parties are encouraged to inquire about lease terms and availability.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1990
Construction WOOD
Total area 24,946 SF
Lot 2.42 ac (105,415 SF)
APN 16-02-09-2-000-063.004
UPID US03-3154780
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
Current use
Occupant on record · Public records
  • TheresaKuhn Alternative Medicine Practice
  • Edward Jones - Financial Advisor: Brad Wallace, CFP® Financial Advisor
  • Natures Way Chiropractic Alternative Medicine Practice
  • Zaunklay Finnila Medical Clinic
  • Julie Lindner Psychologist Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.47M
CAP Approach CAP
$4.98M
Comparable Approach Comparable
$4.13M
Blend (final) Blend
$4.59M
Owner & transaction history
Madison Medical Plaza LLC · 19 yrs held
Madison Medical Plaza LLC
since 2007
Last sale
$4.7M
2 recorded transactions
2007
$850,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $5.6M +7.4%
Commercial (general) $5.4M +3.4%
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