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    Highway 72 West Madison, AL 35758

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    Highway 72 West Madison, AL 35758

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    • Retail properties & Spaces
    • 4,960 SF
    • 1.63 lot acres
    For Sale
    $700,000
    View Listing →
    Highway 72 Commercial Land Available For Sale
    $700,000

    Highway 72 Commercial Land Available

    4.34 acres of commercial land with excellent visibility.

    Highway 72 West, Madison, AL 35758
    View Listing
    Property ID
    US03-0072561
    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

    • Retail properties & Spaces

    Property Details for Highway 72 West

    Year built
    2021
    Lot size
    1.63 lot acres
    Property size
    4,960 SF
    Property type
    Retail properties & Spaces
    APN
    907260000012005
    APU
    907260000012005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $855,000
      Market price range: $288k - $856k
      AI Estimate
      $545,000
      Market price range: $189k - $546k

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $580,000
      Current use
      COMMERCIAL (GENERAL)
      $1,065,000
      Change: +84% Conversion: Difficult
      RETAIL STORES
      $560,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Limestone
    State
    Alabama
    Longitude
    -86.8091
    Latitude
    34.7492
    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
    $3,529
    $0.00
    $0.00
    $111,720
    -
    $67,600
    $491,000
    $558,600

    Comparable in this City

    • Value Estimation by Request
      1,560 SF

      3579 Pryor Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,560 SF
      3579 Pryor Rd, Madison, AL 35756-4603
      View Details
    • Value Estimation by Request
      1,000 SF

      514 6th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,000 SF
      514 6th St, Madison, AL 35756
      View Details
    • Value Estimation by Request
      8,000 SF

      Huntsville Al

      Land • 8,000 SF
      0 Huntsville Al, Huntsville, AL 35756
      View Details
    • Value Estimation
      $3,125,000
      26,680 SF

      15101 Al Hwy 20

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 26,680 SF
      15101 Al Hwy 20, Madison, AL 35756-4423
      View Details
    • Value Estimation
      $4,970,000
      35,196 SF

      14010 Al Hwy 20

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 35,196 SF
      14010 Al Hwy 20, Madison, AL 35756-4426
      View Details
    • Value Estimation by Request
      1,668 SF

      12999 Burgreen Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,668 SF
      12999 Burgreen Rd, Madison, AL 35756
      View Details

    Similar Nearby for Sale

    • $1,900,000
      1.31 Acres

      Huntsville Retail Property on Greenbrier

      Retail property for sale in Huntsville, Alabama.
      1 Greenbrier Pkwy, Huntsville, AL 35756
      View Details
    • $1,555,000
      1.02 Acres

      Huntsville Retail Property For Sale

      Retail property on Greenbrier Parkway, Huntsville, Alabama.
      2 Greenbrier Pkwy, Huntsville, AL 35756
      View Details
    • $1,500,000

      Huntsville Highway 72 Corner Lot

      Highway 72 corner lot zoned C4 in Huntsville.
      30472 Highway 72, Huntsville, AL 35756
      View Details
    • Contact for pricing
      9,400 SF

      New Marathon Travel Center For Sale

      Newly developed travel center in high-traffic location near I-565.
      6240 Greenbrier Pkwy NW, Madison, AL 35756
      View Details
    • $1,500,000
      1.60 Acres

      Huntsville Commercial Corner Lot

      Highway 72 corner lot suitable for various commercial uses.
      30472 Highway 72, Huntsville, AL 35756
      View Details
    • $12,000,000

      New Marathon Travel Center

      Newly developed travel center with high traffic volume and easy access.
      6240 Greenbrier Pkwy NE, Madison, AL 35756
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Madison Retail Land Opportunity

      High-visibility retail lots near I-565
      20 & County Line Rd, Madison, AL 35756
      View Details
    • Contact for pricing

      End-Cap Flex Space Available

      Flex space with excellent I-565 accessibility in Greenbrier area.
      26670 Success Dr, Madison, AL 35756
      View Details
    • Contact for pricing

      Retail Space in Madison, Alabama

      New retail development with customizable spaces available for lease.
      10878 County Line Rd, Madison, AL 35756
      View Details
    • Contact for pricing

      Retail Space in Madison, AL

      Retail spaces available near high-traffic County Line Road.
      12060 County Line Rd, Madison, AL 35756
      View Details
    • $3,000 /Mo
      1,050 SF

      Madison Live/Work Townhome For Rent

      Live/work townhome with retail/office space in Madison, AL.
      205 Mission St, Madison, AL 35756
      View Details
    • $3,000 /Mo
      1,946 SF

      Live/Work Townhome with Commercial Space

      Townhome with business/retail/office space in Traditional Neighborhood Development.
      205 Mission St, Madison, AL 35756
      View Details
    View Listing
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    Highway 72 West
    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.

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