132 Jetplex LnMadison, AL 35758

Property Details for 132 Jetplex Ln

Year built

2003

Lot size

2.00 AC

Property size (Sq ft)

30,000 SF

Property type

Retail properties

APN

16-04-19-0-000-015.002

APU

1604190000015002

Description

This exceptional industrial property, located at 132-144 Jetplex Lane in Madison, Alabama, offers 50,125 square feet of combined office and warehouse space. The property comprises two buildings situated within the convenient Jetplex Industrial Park, providing easy access to major transportation arteries including I-565, I-65, Redstone Arsenal, and Huntsville International Airport. Building 132 features approximately 27,000 square feet of warehouse space and 3,000 square feet of office space, including a reception area, six private offices, a control room, break room, and a large workroom. It also boasts one dock-high door, one drive-up door, fully conditioned warehouse space, 480V 3-phase power, and ample on-site parking. A tenant currently occupies this building with a lease expiring July 25, 2025. Building 144 offers approximately 17,841 square feet of warehouse space and 2,284 square feet of office space, featuring a reception area, five private offices, private restrooms, and a break area. This building includes a dock-high door with leveler, a 10'x10' side loading door, the potential to add an additional dock-high door, fully conditioned warehouse space, and 480V 3-phase power, along with its own parking lot. Both buildings provide a versatile space suitable for a variety of business needs, combining well-appointed office areas with climate-controlled warehouse space. The property is being offered for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $9,327,342

  6.5%

  $8,609,854

  7%

  $7,994,865

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,314,482

  Geo Method

  $14,746,536

• Alternative Use

  Use

  Valuation

  Residential

  $7,262,734

  Hospitality

  $6,652,626

  Educational

  $5,534,906

  Medical

  $5,725,260

  Retail

  $8,609,854

Location Insight

City

Madison

County

Madison

State

Alabama

Latitude

34.6713

Longitude

-86.7753

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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