7738 Madison BlvdHuntsville, AL 35806

  • Office buildings
  • 2,592 SF
For Sale
$3,600,000 View listing

Property Details for 7738 Madison Blvd

Year built
1984
Construction
WOOD
Lot size
1.07 AC
Property size (Sq ft)
2,592 SF
Property type
Office buildings
APN
16-06-14-0-000-013.000
APU
1606140000013000

Description

This exceptional investment opportunity comprises three medical office buildings totaling 7,975 square feet situated on two parcels in Huntsville, Alabama. The first property, located at 7738 Madison Blvd, encompasses approximately 7,975 square feet across two buildings on 1.07 acres. This location boasts convenient access to I-565 and proximity to Cummings Research Park, MidCity District, and Redstone Arsenal. Ample parking (36 spaces) is available. The second property, situated at 915 Bob Wallace Ave SW, offers 5,733 square feet on 0.56 acres, strategically positioned across from Whole Foods. This building benefits from high visibility and easy access to a diverse range of retail and dining options. Both properties offer significant potential for long-term growth and investment returns. Built in 1993, these well-maintained buildings provide a strong net operating income (NOI) of $256,370.60, resulting in an attractive 7.10% capitalization rate. The asking price for this portfolio is $3,600,000. This is a rare opportunity to acquire a well-established, high-performing medical office portfolio in a thriving market. The properties are ideally suited for healthcare providers, medical groups, or investors seeking a stable and profitable investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $548,219
    6.5%
    $506,049
    7%
    $469,902
  • Comparable approach

    Method
    Valuation
    Relative Method
    $422,211
    Geo Method
    $505,596
  • Alternative Use

    Use
    Valuation
    Residential
    $627,500
    Hospitality
    $574,787
    Educational
    $478,216
    Medical
    $494,662
    Retail
    $743,891

Location Insight

City
Huntsville
County
Madison
State
Alabama
Latitude
34.695
Longitude
-86.7081
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
$11,240
$46,680
$147,120
$193,800
-
$233,400
$735,600
$969,000

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