Medical Center with Surgical
New
For Sale
$399,900
1103 County Road 359, Crossville, AL 35962
Business Opportunity, Crossville, AL
Property Size2,835 SF
Lot Size5.70 Acres
Price / SF$142.82
Days on Market3
Property Features for 1103 County Road 359
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Driveway
Subdivision
Metes And Bounds
Directions
From Hwy 431, Turn Onto Alabama Hwy 68 East Toward Crossville. Continue On Hwy 68, Then Turn Left Onto County Road 359. Stay On County Road 359, And 1103 County Road 359 Will Be On Your Left
Standard status
Active
APN
3001010000019018
Size
2,800 SF
Lot size
5.70 Acres
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
reception, exam and meeting rooms
three restrooms
full kitchen
studio apartment with full bath
surgical suite
radiography
lab
kennels and runs
Building Details
Floors in Building
2
Flooring type
Concrete
Roof type
Metal
Listing Agency:
South Towne Realtors, LLC
(256) 582-6900
Listed By:
Trenten Hammond · License #126012
(256) 841-5982
Added: Aug 20
Last Checked: Aug 22 at 1:06PM
MLS# 21926926
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 two-story medical center was built in 2018 and includes a surgical suite, radiography area, laboratory, kennels, and runs. The facility provides reception, examination and meeting rooms, three restrooms, a full kitchen on the lower level, and a studio apartment with a full bath upstairs. Concrete flooring, central air, electric heat, a metal roof, public water, and septic service are also in place.
The property encompasses 5.70 acres off Hwy 68 near Crossville, with level ground that supports the existing outdoor runs. Boarding and grooming uses are identified in the property information, adding flexibility beyond the medical-center improvements. Access is provided by a driveway, and the property address is 1103 County Road 359, Crossville, AL 35962.
The property encompasses 5.70 acres off Hwy 68 near Crossville, with level ground that supports the existing outdoor runs. Boarding and grooming uses are identified in the property information, adding flexibility beyond the medical-center improvements. Access is provided by a driveway, and the property address is 1103 County Road 359, Crossville, AL 35962.
Key Highlights
- Surgical suite, radiography area, laboratory, kennels, and runs convey
- 2018‑built two‑story medical center on 5.70 acres
- Reception, examination rooms, meeting rooms, and three restrooms
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
$31,576
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
7.90%
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%
$631,520
$631.5K
Cap Rate 7%
$451,086
$451.1K
Cap Rate 9%
$350,844
$350.8K
Market Conditions
NOI Build-Up for 2,800 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
$58.8K $21.00/SF
− Vacancy
−$6.2K −$2.21/SF
EGI
$52.6K $18.80/SF
− OpEx
−$21.1K −$7.52/SF
NOI
$31.6K $11.28/SF
Area
DeKalb County, AL
Vacancy
10.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
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%
$631,520
Cap Rate 7%
$451,086
Cap Rate 9%
$350,844
Alternative Uses
Best Use
Healthcare Medical
$451.1K
$394.7K – $526.3K
NOI $31,576 @ 7.0% cap · market cap 7.90%
Second Best
Office B
$266.8K
$233.4K – $311.2K
NOI $18,673 @ 7.0% cap · market cap 4.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 35962, AL
7,445
Population
3,417
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
76%
High-School Grad
71.5 sq mi
ZIP Area
104
Density / Sq Mi
$58,000
Median Household Income
$33,146
Median Earnings
$749
Median Rent
$130,200
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 center - 2018 facility includes radiography, laboratory, kennels, and outdoor runs.
Where is this medical center located?
The property is located at 1103 County Road 359 Crossville, AL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Surgical suite, radiography area, laboratory, kennels, and runs convey; 2018‑built two‑story medical center on 5.70 acres; Reception, examination rooms, meeting rooms, and three restrooms
