Medical Office Building For
122 7th Ave NE Alabaster, AL 35007
122 7th Ave NE, Alabaster, AL, 35007
Contact for pricing
For Sale
Contact for pricing
Medical office building with immediate occupancy and long-term lease income.
Property Size10,060 SF
Lot Size0.69 Acres
Price / SF$168.99
Days on Market1160
Property Features for 122 7th Ave NE
General Information
- Standard status
- Active
- Size
- 10,060 SF
- Lot size
- 0.69 Acres
- Property subtype
- Office
Listing Agency
Mark Dinan Commercial & Investment Real Estate
(205) 980-3434
Listed by
Mark Dinan · License #AL 000044694
Source
Crexi
Added: May 15, 2023 Checked: Jul 16 at 4:58 am
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 Mark Dinan Commercial & Investment Real Estate
Investment Insights
Based on property information with market context.
This commercial property is ideal for a medical owner, user, or investor. The building offers 7,410 square feet available for immediate occupancy, with an additional 2,650 square feet currently leased until December 31, 2032, at $5,000 per month. The pro forma gross income is $223,020 per year. The property tax is $14,377 per year. Situated on a 30,000 square foot lot, the property features a new roof installed in 2022 and updated HVAC. There are 40 parking spaces available. The location is prominent, with a monument sign and proximity to the medical center entrance across the street. A traffic light facilitates easy access from Highway 31. The area offers an abundance of shopping and restaurants. The level parking area provides convenient front door parking. Over 345,000 residents are located within a 5-mile radius. This property represents a value-add, high-growth, low-risk opportunity.
Key Highlights
- Ideal for Medical Owner/User/Investor due to proximity to Medical Center Entrance across the street.
- Significant Income: $5,000 per month from existing lease until December 31, 2032.
- High Visibility: Prominent location with Monument Sign and easy access from Highway 31 via traffic light.
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 | $253.5k | $25.20 |
| − Vacancy | −$26.6k | −$2.65 |
| EGI | $226.9k | $22.55 |
| − OpEx | −$90.8k | −$9.02 |
| NOI | $136.1k | $13.53 |
10,060 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.94M
$1.70M – $2.27M
NOI $136,136 @ 7.0% cap · market cap 8.01%
Second Best
Office B
$1.51M
$1.32M – $1.77M
NOI $105,932 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$2.36M
$2.07M – $2.75M
NOI $165,290 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alabaster Aesthetic Dentistry-Dr. ...
Dental Office
Baugh Temple
Dental Office
SouthernCare New Beacon ...
Nursing Home
Penfield Orthodontics
Dental Office
Penfield Orthodontics: Penfield ...
Dental Office
Similar For Sale Nearby
Similar Off Market Nearby
- Alabaster Animal Clinic — 1378 1st St N, Alabaster, AL 35007
FAQs
What type of property is this?
Medical Office Space - Medical office building with immediate occupancy and long-term lease income.
Where is this medical office space located?
The property is located at 122 7th Ave NE Alabaster, AL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Ideal for Medical Owner/User/Investor due to proximity to Medical Center Entrance across the street.; Significant Income: $5,000 per month from existing lease until December 31, 2032.; **High Visibility: Prominent location with Monument Sign and easy access from Highway 31 via traffic light.**
