Technical
Financial
Distress signals
Property profile

610 Nance Rd Madison, AL 35757

FOR SALE
Retail space
Property ID
US03-0448369
9,086 SF 0.85 ac lot Built 2005
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5.67-acre property, known as Capshaw Cove, presents a unique investment opportunity in Madison, Alabama. Strategically located off Capshaw Road, between Nance Road and Wall Triana Highway, the land is comprised of two distinct parcels. The western parcel, spanning 2.04 acres, boasts 469 feet of frontage along Tate Drive. The eastern parcel encompasses 3.63 acres with an impressive 851 feet of frontage on Tate Drive. Currently zoned R-2 Residential and platted into 14 lots, the site offers significant development potential. A conceptual site plan indicates the possibility of constructing up to 56 townhomes. This prime location in Madison County, with its 35757 zip code, offers easy access to major roadways and amenities. The seller is open to considering owner financing options. Detailed information regarding this possibility is available upon request. This is an exceptional opportunity to acquire a substantial land parcel with significant development potential in a thriving Alabama community. The property's size and location make it ideal for a variety of commercial and residential projects. Don't miss this chance to secure a valuable asset in a rapidly growing market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 9,086 SF
Lot 0.85 ac (37,026 SF)
APN 15-05-21-0-000-001.000
UPID US03-0448369

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Bank Credit Union
  • Postal Service Courier Service

Location

610 Nance Rd Madison, AL 35757
Madison metro Census 10612 HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$510k

Owner & transaction history

since 2015
3 recorded transactions
2015
$278,500
2005
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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