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    8969 Madison Blvd Madison, AL 35758-1744
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    Property profile & analytics

    8969 Madison Blvd, Madison, AL 35758-1744

    View on Map
    • Turn key restaurants
    • 2,569 SF
    • 0.69 lot acres
    Off-Market
    Property ID
    US03-0993527
    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

    • Schlotzsky's / Take-out & Catering

    Property Details for 8969 Madison Blvd

    Year built
    1988
    Construction
    WOOD
    Lot size
    0.69 lot acres
    Property type
    Turn key restaurants
    APN
    16-04-20-4-000-048.000
    APU
    1604204000048000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.7532
    Latitude
    34.6756
    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
    $7,047
    $48,000
    $52,360
    $100,360
    -
    $240,000
    $261,800
    $501,800

    Comparable in this City

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      1,581 SF

      8979 Madison Blvd

      RESTAURANT
      8979 Madison Blvd, Madison, AL 35758-1744
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      $1,680,000
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      7640 Hwy 72nd W

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      7640 Hwy 72nd W, Madison, AL 35758-9556
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      $720,000
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      110 Tom Thrasher Ln

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      110 Tom Thrasher Ln, Madison, AL 35758-8801
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      $1,785,000
      3,323 SF

      8071 Hwy 72nd W

      RESTAURANT
      8071 Hwy 72nd W, Madison, AL 35758-9564
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    • Value Estimation
      $630,000
      5,640 SF

      364 Hughes Rd

      RESTAURANT
      364 Hughes Rd, Madison, AL 35758-1102
      View Details

    Similar Nearby for Sale

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      0.56 Acres

      Commercial Land on Highway 72

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      8814 Highway 72, Madison, AL 35758
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      3,865 SF

      Madison Retail Redevelopment Opportunity

      Prime Hwy 72 QSR/Restaurant Site
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      Redevelopment Opportunity on High-Traffic Corridor

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    • $1,950,000
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      Freestanding Restaurant with Drive-Thru

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    • $1,095,000
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      Highway 72 Commercial Properties Package

      Two commercial buildings on Highway 72 in Madison, Alabama.
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      Huntsville Commercial Land Opportunity

      Prime commercial land with high traffic and road frontage.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail/Restaurant Space with Patio

      First floor retail or restaurant space with patio.
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      Retail and Restaurant Spaces Available

      Retail and restaurant spaces in high-traffic Madison power center.
      8141 Us Highway 72 W, Madison, AL 35758
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      Retail Space at The Avenue

      Retail space for lease in Madison, Alabama.
      92 Shorter St, Madison, AL 35758
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      Retail Space in Town Madison

      Endcap space in a dynamic mixed-use development with high visibility.
      125 Stadium Way, Madison, AL 35758
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      Madison Retail Space For Lease

      Retail space with pickup window, potential for drive-thru conversion.
      8830 Madison Blvd, Madison, AL 35758
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      Retail Space in Madison, AL

      Prime retail space in a high-traffic Madison location.
      105 Brookridge Dr, Madison, AL 35758
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    Property Visit Statistics

    • Visits by month
      476
    • Visitors by month
      473
    • Avg Time on site
      15 min
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    Madison, AL 35758-1744
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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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    8969 Madison Blvd, Madison, AL, 35758
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