Medical Office Building with
For Sale
$799,000
1475 SW 1st Avenue, Jacksonville, AL 36265
Business Opportunity, Jacksonville, AL
Property Size7,500 SF
Lot Size0.80 Acres
Price / SF$107.05
Days on Market31
Property Features for 1475 SW 1st Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Parking features
Parking Lot
Directions
Hwy 21 N To Jacksonville, Left Onto Henry Rd Sw At Jsu Nursing Facility. Take 1st Right Onto 1st Ave Sw. Property Is On The Left.
Standard status
Active
APN
PIN# 6866 & PIN # 6865
Size
7,464 SF
Lot size
0.80 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
handicap access
indoor pool
Building Details
Floors in Building
1
Flooring type
Vinyl, Tile, Concrete, Carpet
Roof type
Metal
Listing Agency:
Bone Realty Company
(256) 546-5543
Listed By:
Anna Tillman Inzer · License #137502
(256) 504-7553
Added: Aug 4
Changed: Sep 2
Last Checked: Sep 3 at 4:06PM
MLS# 21925603
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Investment Insights
Based on property information with market context.
This medical office property includes approximately 7,464 square feet on a 0.80-acre commercial site. The building provides 16 office or exam rooms, five bathrooms, an indoor pool with a ramp, handicap access, and a paved parking lot. Interior finishes include carpet, vinyl, concrete, and tile, while the roof is metal.
The property is partially tenant occupied and sits within walking distance of Walmart and JSU’s Nursing School, formerly Jacksonville Hospital. Public water and public sewer serve the site, supporting its existing office and medical configuration.
The property is partially tenant occupied and sits within walking distance of Walmart and JSU’s Nursing School, formerly Jacksonville Hospital. Public water and public sewer serve the site, supporting its existing office and medical configuration.
Key Highlights
- Approximately 7,464 SF medical office building on 0.80+/- acres
- 16 office/exam rooms and 5 bathrooms
- Indoor pool with handicap ramp
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,637
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,152,740
$1.2M
Cap Rate 7%
$823,386
$823.4K
Cap Rate 9%
$640,411
$640.4K
Market Conditions
NOI Build-Up for 7,464 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$98.5K $13.20/SF
− Vacancy
−$21.7K −$2.90/SF
EGI
$76.8K $10.30/SF
− OpEx
−$19.2K −$2.57/SF
NOI
$57.6K $7.72/SF
Area
Calhoun County, AL
Vacancy
22.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,152,740
Cap Rate 7%
$823,386
Cap Rate 9%
$640,411
Alternative Uses
Best Use
Healthcare Medical
$1.15M
$1.00M – $1.34M
NOI $80,324 @ 7.0% cap · market cap 10.05%
Second Best
Office B
$823.4K
$720.5K – $960.6K
NOI $57,637 @ 7.0% cap · market cap 7.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 36265, AL
22,018
Population
9,582
Households
2.3
Avg Household Size
30
Median Age
27%
College-Educated
89%
High-School Grad
98.1 sq mi
ZIP Area
224
Density / Sq Mi
$51,574
Median Household Income
$23,697
Median Earnings
$794
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Accessible facility with exam rooms, multiple restrooms, parking, and partial tenant occupancy.
Where is this medical office space located?
The property is located at 1475 SW 1st Avenue Jacksonville, AL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Approximately 7,464 SF medical office building on 0.80+/- acres; 16 office/exam rooms and 5 bathrooms; Indoor pool with handicap ramp
