Medical Office Building with Exam
New
For Sale
$325,000
1111 S Jackson Hwy, Sheffield, AL 35660
Configured for clinical and professional office operations, with dedicated lab space and on-site parking.
Property Size2,600 SF
Price / SF$125
Days on Market7
Property Features for 1111 S Jackson Hwy
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Commercial
Building Details
Year Built
1998
Listing Agency:
MarMac Real Estate - The Shoals
(256) 856-2055
Listed By:
Katie Cobb · License #94964
Source:
Shoalsareahomesearch
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 30 at 6:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MarMac Real Estate - The Shoals
Investment Insights
Based on property information with market context.
This 2,600-square-foot medical office building provides a practical clinical layout within a well-maintained structure built in 1998. The interior includes a reception and waiting area, seven exam rooms, two private offices, dedicated lab space, and three restrooms, supporting medical, dental, therapy, and professional office functions.
Located at 1111 S Jackson Hwy in Sheffield, the property sits directly across from the hospital and offers on-site parking with convenient access. Its placement within an established medical and professional corridor provides a setting aligned with healthcare and office operations.
Located at 1111 S Jackson Hwy in Sheffield, the property sits directly across from the hospital and offers on-site parking with convenient access. Its placement within an established medical and professional corridor provides a setting aligned with healthcare and office operations.
Key Highlights
- 2,600 SF medical office building constructed in 1998
- 7 exam rooms, 2 private offices, and 3 restrooms
- Reception and waiting area with dedicated lab space
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
$22,618
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
6.96%
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%
$452,360
$452.4K
Cap Rate 7%
$323,114
$323.1K
Cap Rate 9%
$251,311
$251.3K
Market Conditions
NOI Build-Up for 2,600 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
$42.1K $16.20/SF
− Vacancy
−$4.4K −$1.70/SF
EGI
$37.7K $14.50/SF
− OpEx
−$15.1K −$5.80/SF
NOI
$22.6K $8.70/SF
Area
Colbert County, AL
Vacancy
10.50%
Lease Rate
$16.20 /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%
$452,360
Cap Rate 7%
$323,114
Cap Rate 9%
$251,311
Alternative Uses
Best Use
Healthcare Medical
$323.1K
$282.7K – $377.0K
NOI $22,618 @ 7.0% cap · market cap 6.96%
Second Best
Office B
$305.1K
$266.9K – $355.9K
NOI $21,355 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$415.2K
$363.3K – $484.4K
NOI $29,063 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35660, AL
9,434
Population
5,139
Households
1.8
Avg Household Size
40
Median Age
16%
College-Educated
88%
High-School Grad
6.2 sq mi
ZIP Area
1,522
Density / Sq Mi
$42,510
Median Household Income
$31,302
Median Earnings
$850
Median Rent
$129,000
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 - Configured for clinical and professional office operations, with dedicated lab space and on-site parking.
Where is this medical office space located?
The property is located at 1111 S Jackson Hwy Sheffield, AL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,600 SF medical office building constructed in 1998; 7 exam rooms, 2 private offices, and 3 restrooms; Reception and waiting area with dedicated lab space
