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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9238 Madison Blvd Madison, AL 35758

    • Office buildings
    • 54,278 SF
    • 9.70 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    $1,075,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0405161
    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.

    Current Use by Public Records

    • Robert L Geist, PhD LLC / Psychologist
    • North Alabama Family Psychiatry & Counseling / Counselor / Mental Health Clinic
    • Anika Wilson, MD / Psychiatrist
    • Brandy Ortiz, Red Clay Realty / Real Estate Agent
    • Medical Exam Office / Health Consultant

    Property Details for 9238 Madison Blvd

    Year built
    1987
    Construction
    WOOD
    Lot size
    9.70 lot acres
    Property size
    54,278 SF
    Property type
    Office buildings
    APN
    16-04-20-3-000-081.000
    APU
    1604203000081000

    Description

    Meadow Green Centre, a Class B office building at 9238 Madison Blvd, Madison, AL 35758, offers 107,770 square feet of versatile space ideal for medical or executive offices. Built in 1987, this multi-tenant property sits on 16.89 acres and provides exceptional visibility and accessibility via Highway 20 West, offering direct access to Huntsville International Airport. The location boasts convenient access to Interstate I-565, placing businesses within easy reach of Decatur, Huntsville, and Chattanooga. The building is situated near the intersection of US Highway 20 West and Wall Triana Highway, a major artery connecting to US Highway 72, ensuring excellent connectivity throughout Madison and the surrounding area. This prime location offers immediate proximity to a variety of restaurants, shopping, and retail options, as well as the majority of Huntsville's business and industrial sectors. Suites ranging from 3,000 to 30,000 square feet are available, making it suitable for businesses of various sizes. Originally designed for research and development, sales and service training, and high-technology applications, this building offers a flexible and well-located space for a variety of professional uses. Madison County location provides access to a strong workforce and thriving business community. The property's strategic location on a major commercial corridor ensures high visibility and easy access for clients and employees.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,075,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.762
    Latitude
    34.6746
    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
    $102,112
    $218,360
    $1,232,940
    $1,451,300
    -
    $1,091,800
    $6,164,700
    $7,256,500

    Comparable in this City

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      $350,000
      1,967 SF

      1463 Slaughter Rd

      OFFICE BUILDING • 1,967 SF
      1463 Slaughter Rd, Madison, AL 35758-8689
      View Details
    • Value Estimation
      $2,855,000
      6,312 SF

      9632 Madison Blvd

      OFFICE BUILDING • 6,312 SF
      9632 Madison Blvd, Madison, AL 35758-9157
      View Details
    • Value Estimation
      $7,035,000
      38,610 SF

      Business Park Blvd

      OFFICE BUILDING • 38,610 SF
      Business Park Blvd, Madison, AL 35758
      View Details
    • Value Estimation
      $445,000
      2,389 SF

      103 Commerce Cir

      OFFICE BUILDING • 2,389 SF
      103 Commerce Cir, Madison, AL 35758-2642
      View Details
    • Value Estimation
      $6,145,000
      1,566 SF

      180 Roema Dr

      OFFICE BUILDING • 1,566 SF
      180 Roema Dr, Madison, AL 35758-8781
      View Details
    • Value Estimation
      $1,190,000
      4,642 SF

      183 Shelton Rd

      OFFICE BUILDING • 4,642 SF
      183 Shelton Rd, Madison, AL 35758-1933
      View Details

    Similar Nearby for Sale

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      Madison, AL Office Opportunity

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    • $1,773,800
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      Huntsville Land on Major Highway

      4.9 acres on Highway 72 West with high traffic count.
      4.9 Acres Hwy 72 West, Huntsville, AL 35758
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      32,384 SF

      Madison Office Space - Prime Location

      Refurbished Offices, Convenient Location, I-565 Access
      190 Lime Quarry Rd, Madison, AL 35758
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    • Contact for pricing
      32,384 SF

      Madison Office Space - Prime Location

      Refurbished Offices, Convenient Location, I-565 Access
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    Similar Nearby for Lease

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      Renovated Office Building in Madison

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      Renovated Office Building in Madison

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    • $700 /Mo

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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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