540 Hughes RdMadison, AL 35758

Property Details for 540 Hughes Rd

Year built

1990

Construction

WOOD

Lot size

2.42 AC

Property size (Sq ft)

24,946 SF

Property type

Medical offices

Property subtype

Medical centers

APN

16-02-09-2-000-063.004

APU

1602092000063004

Description

This exceptional 24,946 square foot medical office building, constructed in 2009, is strategically located at 540 Hughes Rd, Madison, AL 35758. The property boasts a prime commercial zoning designation and features ample parking with 128 spaces available for tenants and visitors. Currently, there is 1,621 square feet of vacant space available for lease, ideal for a variety of medical or traditional office uses. The building's multiple tenancy structure offers flexibility and potential for diverse occupancy. The property's location in Madison, Alabama, provides convenient access to major transportation routes and a thriving community. The building's modern design and ample parking make it an attractive option for medical professionals and businesses seeking a well-maintained and functional workspace. The property's APN is 16-02-09-2-000-063.004. This is a fantastic opportunity to secure space in a high-demand area. The available space presents a unique chance to establish or expand a medical practice or office operation within a well-established and reputable building. Interested parties are encouraged to inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $5,979,680

  6.5%

  $5,519,700

  7%

  $5,125,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,063,450

  Geo Method

  $4,865,970

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,036,500

  Retail / Commercial

  $5,626,290

  Mixed-Use / Specialty

  $5,580,080

  Hospitality / Lodging

  $4,059,890

  Institutional / Educational

  $5,791,700

  Residential Income

  $6,776,280

  Multifamily

  $8,272,040

  Automotive / Energy

  $4,964,310

  Parking / Income-Based Land

  $1,738,950

  Restaurant / Food Service

  $2,846,450

  Healthcare / Senior Housing

  $5,749,080

Location Insight

City

Madison

County

Madison

State

Alabama

Latitude

34.7108

Longitude

-86.7426

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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