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Property profile & analytics
FOR SALE
Investment properties
8059 Alabama Hwy 72 Madison, AL 35758
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-0501778
For Sale
1 / 38
$2,400,000
8059 Alabama Hwy 72, Madison, AL 35758
View Listing →
Property summary
AI-generated overview
This exceptional 14,600-square-foot storefront, located at 8059 Hwy 72 W in Madison, Alabama (35758), presents a significant investment opportunity. The property, built in 1995 and extensively renovated in 2022, sits on a 1.76-acre lot and boasts excellent road frontage on Hwy 72, placing it in the heart of Madison's vibrant retail corridor. Currently vacant, this single-story building offers a spacious open sales floor, along with dedicated office and warehouse/storage areas, ensuring ample space for diverse business needs. Ample parking is available for customers and employees. The property is zoned for retail/mixed use (500) and includes significant air rights (77,536 sq ft). The asking price is $3,200,000, translating to $219.18 per square foot. This owner/user opportunity is ideal for businesses seeking a prominent location with substantial space and high visibility in a thriving Alabama market. The property's APN is 15-09-29-0-001-069.005. This is a corporate-owned property.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1995
Construction
MIXED
Total area
14,300 SF
Lot
1.76 ac (76,753 SF)
APN
15-09-29-0-001-069.005
UPID
US03-0501778
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
-
Kingston Casual Production Facility Factory
-
The Furniture Source! Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.84M
CAP Approach
CAP
$2.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
Ethridge Properties · 4 yrs held
Ethridge Properties
since 2021
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.2M
+3.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,960,000
ML approach
$2,835,000
CAP Approach
CAP Return
Estimation
6%
$2,880,000
6.5%
$2,655,000
7%
$2,465,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,075,000
Current use
OFFICE BUILDING
$3,195,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$2,975,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$2.63M
Range $2.37M – $2.89M · ±10% · vs last sale $2.35M (Aug 31 2021)
Last sale anchor
$2.35M
Aug 31 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$184 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,439
Tax year 2023
Assessed value
$349,540
Assessed 2023
Previous assessed
$318,240
+9.8% YoY
Effective rate
6.99%
On assessed value
Assessed land
$156,600
Assessed improvement
$192,940
Land market value
$783,000
Improvement market value
$964,700
Total market value
$1,747,700
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
1995
Construction
MIXED
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
14,300 SF
Lot
1.76 ac (76,753 SF)
APN
15-09-29-0-001-069.005
UPID
US03-0501778
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
MIXED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Ethridge Properties
Entity
Mailing address
4212 N HARPER RD, CORINTH, MS 38834-2407
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
$2,350,000
Ethridge Properties
Canup Ltd
Warranty Deed
$2,001,340 · Renasant Bank
Dec 2, 2016
—
Canup Ltd
—
Deed Of Trust
related
$2,647,000 · Community Spirit Bk
—
—
Canup Ltd
—
Deed Of Trust
related
$350,000 · Regions Bank
—
—
Canup Ltd
—
Deed Of Trust
related
$3,870,000 · Bancorp South Bank
—
—
Canup Ltd
—
Deed Of Trust
related
$1,206,644 · Regions Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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