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    102 Jackson St Enterprise, AL 36330

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    For Sale
    Contact for pricing

    First-generation medical office space in a Class A building.

    Property size:
    5,240 SF

    Property Features for 102 Jackson St

    General Information

    Size
    5,240 SF

    Building Details

    Year built
    2022

    We can help!

    Listing Contact
    Shannon Auty
    Source: Naiglobal

    Listing Agent: Shannon Auty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Modern Medical Office Shell Space

    This first-generation office space offers a 2,550 +/- SF blank canvas for a medical practice. Located in a Class A modern building constructed in 2022, the property is co-occupied by Dermatology Specialists. The shell condition space includes an electrical panel, HVAC unit, and plumbing stubs, allowing tenants to customize interior specifications and finishes. The property is situated in a rapidly growing area of southwest Enterprise, just off Boll Weevil Circle, near businesses such as Santa Fe, Fairfield Inn by Marriot, and Candlewood Suites. The location benefits from Enterprise's progressive environment and a strong military presence with Fort Novosel, the US Army Aviation Center of Excellence, located 10 miles away. The surrounding area, characterized by continuous development, features a newly developed Mitchell Chrysler Car Dealership, Coppinville Jr High (1.5 miles, 600 students), and Enterprise State Community College (0.5 miles, 1,800+ students). Various additional mixed-use developments are planned for the area. Boll Weevil Circle experiences an AADT of 19,000+ vehicles per day.
    Location Intelligence

    Current Use by Public Records

    Dermatology Specialists of Alabama Skin Care Clinic Aqua Medical Spa ... Medical Spa

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Enterprise
    County
    Coffee
    State
    Alabama
    Longitude
    -85.848184
    Latitude
    31.293398

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    FAQs

    What type of property is this?
    Medical office - First-generation medical office space in a Class A building.
    Where is this medical office located?
    The property is located at 102 Jackson St Enterprise, AL.
    What are key features of this property?
    This property features: - First-generation 2,550 +/- SF shell space in a Class A building (built in 2022), allowing for complete customization.; - Located in a rapidly growing area of southwest Enterprise, off Boll Weevil Circle, with high traffic volume (19,000+ vehicles per day).; - Essential infrastructure already in place: electrical panel, HVAC unit, and plumbing stubs.
    (334) 406-1161
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    102 Jackson St Enterprise, AL 36330
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    Enterprise, AL 36330
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102 Jackson St Enterprise, AL 36330
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    We can help!
    Listing Contact
    Shannon Auty
    Real Estate License ID: AL #139611
    (334) 406-1161
    Learn more
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