Medical Office with Expansion
For Sale
$799,000
1622 SE Church Avenue, Jacksonville, AL 36265
Business Opportunity, Jacksonville, AL
Property Size6,923 SF
Lot Size1.21 Acres
Price / SF$115.41
Days on Market32
Property Features for 1622 SE Church Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking features
Parking Lot
Directions
Highway 21 North To Jacksonville, Turn Right At The Red Light In Front Of Walmart (George Douthit Drive Sw), Then Turn Right At The Stop Sign Onto Church Ave. Property Will Be On Your Left.
Standard status
Active
APN
PIN # 6940, 47107, 86427
Size
6,923 SF
Lot size
1.21 Acres
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Flooring type
Vinyl, 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 4 at 5:06PM
MLS# 21925600
Copyright © 2026 ValleyMLS.Com,Inc. 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 medical office property was built in 2005 and occupies 1.21 acres in Jacksonville. The building includes a reception area, waiting room, 10 office or exam rooms, an X-ray room, and multiple bathrooms. A separate 1,600-square-foot unfinished area includes a bathroom and a 10-foot roll-up door. Central air, carpet and vinyl flooring, a metal roof, and a dedicated parking lot are in place.
The property is positioned across from Walmart and the JSU Nursing School Department, identified in the source information as the former Jacksonville Hospital. Public water serves the property, with septic tank sewer service. Its prior medical office and therapy center configuration provides an existing healthcare-oriented layout with unfinished area for additional buildout.
The property is positioned across from Walmart and the JSU Nursing School Department, identified in the source information as the former Jacksonville Hospital. Public water serves the property, with septic tank sewer service. Its prior medical office and therapy center configuration provides an existing healthcare-oriented layout with unfinished area for additional buildout.
Key Highlights
- 1.21‑acre medical office property in Jacksonville
- 10 office or exam rooms plus reception, waiting, and X‑ray areas
- 1,600‑square‑foot unfinished area with bathroom and 10‑foot roll‑up door
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
$53,459
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
6.69%
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%
$1,069,180
$1.1M
Cap Rate 7%
$763,700
$763.7K
Cap Rate 9%
$593,989
$594.0K
Market Conditions
NOI Build-Up for 6,923 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
$91.4K $13.20/SF
− Vacancy
−$20.1K −$2.90/SF
EGI
$71.3K $10.30/SF
− OpEx
−$17.8K −$2.57/SF
NOI
$53.5K $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%
$1,069,180
Cap Rate 7%
$763,700
Cap Rate 9%
$593,989
Alternative Uses
Best Use
Healthcare Medical
$1.06M
$931.3K – $1.24M
NOI $74,502 @ 7.0% cap · market cap 9.32%
Second Best
Office B
$763.7K
$668.2K – $891.0K
NOI $53,459 @ 7.0% cap · market cap 6.69%
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
222
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 2005, the property offers clinical rooms, reception areas, and additional unfinished space for customization.
Where is this medical office space located?
The property is located at 1622 SE Church 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: 1.21‑acre medical office property in Jacksonville; 10 office or exam rooms plus reception, waiting, and X‑ray areas; 1,600‑square‑foot unfinished area with bathroom and 10‑foot roll‑up door
