Medical Office Building with Exam
New
For Sale
$325,000
1111 S Jackson Hwy, Sheffield, AL 35660
Commercial Sale, Sheffield, AL
Property Size2,600 SF
Lot Size0.40 Acres
Price / SF$125
Days on Market2
Property Features for 1111 S Jackson Hwy
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
00 Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Elementary school
City
Middle school
City
High school
City
Directions
FROM AVALON TURN RIGHT ONTO MONTOGOMERY THEN TURN LEFT ONTO JACKSON AVE BUILDING ON RIGHT
Subdivision
Colbert
Standard status
Active
APN
07-08-33-3-005-006.000
Size
2,600 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Description
LOT 16 BLK 265B SHEFFIELD 50 X 100 /DB 2013 PG 34452-34453 LOTS 7 & 8 & 15 BLK 265B SHEFFIELD 100 X 180 IRR /DB 2013 PG 34452-34453
Tax Annual Amount
2637
Legal Description
LOT 16 BLK 265B SHEFFIELD 50 X 100 /DB 2013 PG 34452-34453 LOTS 7 & 8 & 15 BLK 265B SHEFFIELD 100 X 180 IRR /DB 2013 PG 34452-34453
Utilities
Sewer type
Public Sewer
Building Details
Year built
1998
Listing Agency:
MarMac Real Estate - The Shoals
(256) 766-8499
Listed By:
Katie L Cobb · License #94964
(256) 349-3638
Added: Aug 26
Last Checked: Aug 27 at 9:06AM
MLS# 530878
Copyright © 2026 Strategic MLS Alliance, 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 2,600-square-foot medical office building on a 0.4-acre parcel provides a functional layout for medical or professional office operations. The interior includes a waiting and reception area, 7 exam rooms, 2 private offices, dedicated lab space, and 3 restrooms. Constructed in 1998, the property is zoned 00 Commercial and served by public sewer.
The building is located at 1111 S Jackson Hwy in Sheffield, Alabama, directly across from the hospital. On-site parking and accessibility support daily patient and office activity, while the existing configuration can accommodate medical, dental, therapy, or other professional office uses identified for the property.
The building is located at 1111 S Jackson Hwy in Sheffield, Alabama, directly across from the hospital. On-site parking and accessibility support daily patient and office activity, while the existing configuration can accommodate medical, dental, therapy, or other professional office uses identified for the property.
Key Highlights
- 2,600 square feet on a 0.4‑acre parcel
- 7 exam rooms and 2 private offices
- Dedicated lab space, waiting area, and reception area
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 with exam rooms, private offices, 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 square feet on a 0.4‑acre parcel; 7 exam rooms and 2 private offices; Dedicated lab space, waiting area, and reception area
