Foley Medical Office Building For
100 Greentree Ln, Foley, AL 36535
Medical Park Office for Sale – Prime Location off HWY 98
Property size:
14,613 SFLot size:
1.98 AcresPrice / SF:
$191/SF- Added:
- Feb 3, 2025
- Days on Market:
- 516
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 100 Greentree Ln
General Information
- Standard status
- Active
- Property type
- Medical Office Space, Medical centers, Medical space, Office Spaces, Healthcare properties
- Size
- 14,613 SF
- Net Rentable
- 12,765 SF
- Class
- C
- Total Parking Spaces
- 32
- Elevators
- N/A
- Lot size
- 1.98 Acres
Building Details
- Year Built
- 2011
- Buildings
- 1
- Stories
- 2
Listing agent Paul (850) 564-0120
Listing office (850) 564-0120
Listing date Feb 3, 2025
Overview
This two-story medical office building, constructed in 2011, offers 14,613 square feet of space on a 1.98-acre lot in Foley, Alabama. The building provides 12,765 square feet of rentable space. It is located off Highway 98 in Baldwin County. The building has framed construction and includes 32 parking spaces. The property is located within a federally designated Opportunity Zone, offering potential tax advantages for investors. The location provides easy access to major roadways. The building is suitable for a single-tenant medical practice or group. The property is located near HWY 98.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $324.4k | $22.20 |
| − Vacancy | −$33.1k | −$2.26 |
| EGI | $291.3k | $19.94 |
| − OpEx | −$116.5k | −$7.97 |
| NOI | $174.8k | $11.96 |
14,613 SF · lease $22.20/SF/yr · vacancy 10.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.50M
$2.18M – $2.91M
NOI $174,791 @ 7.0% cap · market cap 6.24%
Second Best
Office B
$2.43M
$2.13M – $2.84M
NOI $170,446 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,989 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Gulf Coast Urology
Physician
Similar Places Nearby
- Foley Veterinary Hospital — 21738 US-98, Foley, AL 36535
- Advanced Animal Care — 625 E Laurel Ave, Foley, AL 36535
- Gunter Jeff L DVM — 625 E Laurel Ave, Foley, AL 36535
Location Insight
- Map
- Local Demand
- City
- Foley
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.7151
- Latitude
- 30.3794
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Medical Park Office for Sale – Prime Location off HWY 98
Where is this medical office space located?
The property is located at 100 Greentree Ln Foley, AL.
What is the asking price?
The asking price for this property is $2,800,000.
