1040 Research BlvdMadison, AL 35758

Property Details for 1040 Research Blvd

Year built

2011

Construction

WOOD

Lot size

32.24 AC

Property size (Sq ft)

33,728 SF

Property type

Office properties

Property subtype

Office buildings

APN

16-05-15-0-000-085.000

APU

1605150000085000

Description

Catalyst Business Park offers 81,462 square feet of office, flex, and R&D space across two single-story buildings situated on a hilltop within a wooded lot in Madison, Alabama. This multi-tenant property features three available spaces ranging from 1,540 to 8,720 square feet. Conveniently located at 1040 Research Blvd, 35758, the park is easily accessible from Madison Boulevard (Hwy 20), between Zierdt Road and Hughes Road. Its strategic location provides quick access to all areas of Madison, I-565, and Redstone Arsenal's Gate 9. The property is also minutes from Town Madison, Toyota Field, and numerous restaurants. The M-1 Restricted Industrial zoning ensures a variety of potential uses. Ample parking is available. This exceptional property presents a unique opportunity for businesses seeking flexible and conveniently located office space in a desirable Madison County setting.

• CAP approach

  CAP return

  Valuation

  6%

  $7,133,619

  6.5%

  $6,584,879

  7%

  $6,114,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,493,953

  Geo Method

  $6,578,984

• Alternative Use

  Use

  Valuation

  Residential

  $8,165,250

  Hospitality

  $7,479,325

  Educational

  $6,222,711

  Medical

  $6,436,720

  Retail

  $9,679,772

Location Insight

City

Madison

County

Madison

State

Alabama

Latitude

34.689

Longitude

-86.7303

CBSA code

26620

CBSA name

HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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