NNN Medical Office
1088 9th Avenue SW, Bessemer, AL 35022
For Sale
$2,800,000
CommercialSale, Bessemer, AL
Property Size10,093 SF
Lot Size1.64 Acres
Price / SF$277.42
Days on Market539
Property Features for 1088 9th Avenue SW
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Number of units
Listing Agency:
Butler Evans Real Estate, Inc.
Listed By:
Denise Evans · License #AL67727
(205) 310-3799
Added: May 20, 2025
Changed: Sep 30
Last Checked: Nov 9 at 5:06AM
MLS# 168859
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.
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Investment Insights
Based on property information with market context.
The property is a 10,093-square-foot medical office building constructed in 1990 and occupied by internal medicine, nephrology, and a hearing aid clinic. The facility includes 49 parking spaces plus 6 handicapped spaces and operates under NNN leases. One tenant representing 50% of the occupancy has a landlord option to cancel with six months' notice if the property is sold.
Recent work includes roof replacement in 2024, replacement of several HVAC units since purchase, reception flooring completed in 2025, and replacement of all outdoor lighting bulbs in 2024. The parking lot was restriped and the building pressure washed in 2026. The fire suppression system is current on inspections and repairs and is monitored by Hiller Fire. The property sits on 1.637 acres at 1088 9th Avenue SW in Bessemer, Alabama.
Recent work includes roof replacement in 2024, replacement of several HVAC units since purchase, reception flooring completed in 2025, and replacement of all outdoor lighting bulbs in 2024. The parking lot was restriped and the building pressure washed in 2026. The fire suppression system is current on inspections and repairs and is monitored by Hiller Fire. The property sits on 1.637 acres at 1088 9th Avenue SW in Bessemer, Alabama.
Key Highlights
- 10,093‑square‑foot medical office building on 1.637 acres
- 49 parking spaces plus 6 handicapped spaces
- NNN leases with internal medicine, nephrology, and hearing aid clinic occupants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,864
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,557,280
$3.6M
Cap Rate 7%
$2,540,914
$2.5M
Cap Rate 9%
$1,976,267
$2.0M
Market Conditions
NOI Build-Up for 10,093 SF
Gross rent
$267.7K $26.52/SF
− Vacancy
−$30.5K −$3.02/SF
EGI
$237.2K $23.50/SF
− OpEx
−$59.3K −$5.87/SF
NOI
$177.9K $17.62/SF
Area
Jefferson County, AL
Vacancy
11.40%
Lease Rate
$26.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,557,280
Cap Rate 7%
$2,540,914
Cap Rate 9%
$1,976,267
Alternative Uses
Best Use
Office B
$2.54M
$2.22M – $2.96M
NOI $177,864 @ 7.0% cap · market cap 6.35%
Second Best
Healthcare Medical
$2.45M
$2.14M – $2.85M
NOI $171,265 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$3.47M
$3.04M – $4.05M
NOI $243,054 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
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Business Placement
Demographics for 35022, AL
23,163
Population
10,538
Households
2.2
Avg Household Size
43
Median Age
34%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
361
Density / Sq Mi
$79,084
Median Household Income
$48,078
Median Earnings
$991
Median Rent
$241,300
Median Home Value
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Market
Properties on Market for NNN properties in Jefferson County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
NNN property - Medical office building with established healthcare occupants and recent roof, flooring, lighting, and parking improvements.
Where is this nnn property located?
The property is located at 1088 9th Avenue SW Bessemer, AL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 10,093‑square‑foot medical office building on 1.637 acres; 49 parking spaces plus 6 handicapped spaces; NNN leases with internal medicine, nephrology, and hearing aid clinic occupants
