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    8331 Madison Blvd Madison, AL 35758

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    8331 Madison Blvd Madison, AL 35758

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    • Strip malls
    • 21,664 SF
    • 2.66 lot acres
    For Lease
    $21 SF/Yr
    View Listing →
    Office Space Near Key Locations For Lease
    $21 SF/Yr

    Office Space Near Key Locations

    Conveniently located office space with easy access to major areas.

    8331 Madison Blvd, Madison, AL 35758
    View Listing
    Property ID
    US03-0955820
    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
    $4,990,000
    Cap Rate Potential
    5.9%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Hot Yoga of Madison / Gym & Fitness Center
    • Blue Ink Closing and Title, LLC / Law Firm
    • Stephen Williams - LifeCourse Capital Inc. / Financial Advisor
    • Katelyn Anderson Zimmer / Physician / Medical Clinic
    • Fulcrum Counseling and Supervision, LLC / Counselor

    Property Details for 8331 Madison Blvd

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.66 lot acres
    Property size
    21,664 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    16-05-15-0-000-042.003
    APU
    1605150000042003

    Description

    This exceptional medical office space, totaling approximately 3,914 square feet, is available for lease within the Beacon Ridge Professional Center in Madison, Alabama. Located at 8331 Madison Boulevard, zip code 35758, this property offers a strategic location between Town Madison, Cummings Research Park, and Downtown Madison City, providing convenient access to Huntsville via I-565. The building, constructed in 2009, is a two-story structure with a total of 23,443 square feet. This listing represents a portion of the available space within a multi-tenant building situated on a 2.66-acre lot. The property's proximity to major retail areas, established medical districts, and Huntsville's largest office submarket makes it an ideal location for medical practices seeking high visibility and accessibility. The space is classified as medical office space and is ready for immediate occupancy. The building offers a professional and efficient environment for tenants, enhancing their operational efficiency and overall value. This is a rare opportunity to secure prime medical office space in a thriving Alabama community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,125,000
      ML approach
      $4,765,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,045,000
      6.5%
      $4,655,000
      7%
      $4,325,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,920,000
      AUTO REPAIR, GARAGE
      $4,175,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.7294
    Latitude
    34.6848
    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
    $45,954
    $139,060
    $518,600
    $657,660
    -
    $695,300
    $2,593,000
    $3,288,300

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    • Value Estimation
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      SHOPPING CENTER, STRIP CENTER • 65,479 SF
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      View Details
    • Value Estimation
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      23,066 SF

      8006 Madison Pike

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      View Details
    • Value Estimation by Request
      7,632 SF

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      SHOPPING CENTER, STRIP CENTER • 7,632 SF
      14 Main St, Madison, AL 35758-1852
      View Details
    • Value Estimation
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      9,200 SF

      8694 Madison Blvd

      SHOPPING CENTER, STRIP CENTER • 9,200 SF
      8694 Madison Blvd, Madison, AL 35758-1803
      View Details

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    Madison, AL 35758
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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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