Birmingham Vascular Surgery Center For
For Sale
$4,980,000
1112 Gene Reed Road, Birmingham, AL 35235
SINGLE_FAMILY - Birmingham, AL
Property Size8,696 SF
Lot Size1.21 Acres
Price / SF$572.68
Days on Market449
Property Features for 1112 Gene Reed Road
General Information
Property type
Residential
Property subtype
Office
Directions
Near Trussville, inside I-459 loop. Old nav systems might have address as 608 Gadsden Hwy, Birmingham. From BHM take 20/59 No and then stay on I-59 to Exit 134. At exit, take US 11N to property, slightly over 1 mile.
Subdivision
(13) Jefferson County
Standard status
Active
APN
01-24-00-06-1-005-003.000
Size
8,696 SF
Lot size
1.21 Acres
Taxes and HOA fees
Tax Description
Lot 3-A of a Resurvey of Lot 3 of a Resurvey of H. H. Garner Subdivision in Map Book 150, Page 10 of the books and records of the Probate Judge of Jefferson County, Alabama. SOT at Instrument #2021116491
Tax Annual Amount
27208
Legal Description
Lot 3-A of a Resurvey of Lot 3 of a Resurvey of H. H. Garner Subdivision in Map Book 150, Page 10 of the books and records of the Probate Judge of Jefferson County, Alabama. SOT at Instrument #2021116491
Building Details
Year built
1985
Number of units
1
Listing Agency:
Butler Evans Real Estate, Inc.
(205) 310-3799
Listed By:
Denise Evans · License #AL67727
(205) 310-3799
Added: May 20, 2025
Changed: May 13
Last Checked: Aug 10 at 11:06PM
MLS# 168855
Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a vascular surgery center operating under an absolute NNN lease. The tenant, a vascular surgery center, was recently acquired by Grandview Health. The lease commenced on 10/6/21 for a 10-year term, featuring 2% annual rent increases. The current annual rent is $248,959.34. The lease includes 5 renewal options, each for 3 years. The tenant is responsible for all operating expenses, including structural repairs. A value-add opportunity exists with a 1,162 square foot surplus building, formerly a pharmacy, that could be separated from the main lease and rented to another tenant. The property is situated on a 1.21-acre lot. The main building has 8,696 square feet. Based on an 80% improvement to total property ratio and MOB average cost segregation percentages, first-year bonus depreciation could range from $1,593,000 to $2,390,400, depending on the buyer's tax professional's advice. The property is located in Birmingham, Alabama.
Key Highlights
- Absolute NNN lease with tenant responsible for all operating expenses plus structural repairs.
- Tenant is a vascular surgery center recently acquired by Grandview Health.
- Value‑add opportunity with 1,162 sf surplus building (former pharmacy) that can be separated and rented.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35235, AL
20,059
Population
8,944
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
92%
High-School Grad
13.5 sq mi
ZIP Area
1,486
Density / Sq Mi
$57,244
Median Household Income
$35,809
Median Earnings
$1,220
Median Rent
$165,900
Median Home Value
Market
Vacancy Rate% for Office in Birmingham, AL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - NNN leased vascular surgery center with value-add opportunity.
Where is this medical office space located?
The property is located at 1112 Gene Reed Road Birmingham, AL.
What is the asking price?
The asking price for this property is $4,980,000.
What are key features of this property?
This property features: Absolute NNN lease with tenant responsible for all operating expenses plus structural repairs.; Tenant is a vascular surgery center recently acquired by Grandview Health.; Value‑add opportunity with 1,162 sf surplus building (former pharmacy) that can be separated and rented.**
